You've decided to protect your family. You want the lowest price available and the best term life policy.  We are trusted experts in Canadian term life insurance - we deliver exactly that!

Quote 12 trusted term life insurance companies

Get an instant online quotes from a dozen of Canada's top life insurance companies. Then we'll contact you to review possible additional discounts that can save you as much as 50% on your first year premiums!

11/06/23 Author: Glenn Cooke

Are you shopping for the cheapest term life insurance in Canada? We offer free online term life insurance quotes from 12 Canadian life insurance companies – just complete the above form and you’ll instantly see premiums, sorted lowest to highest premium.

Of course, the least expensive may – or may not be the best term life insurance coverage for you. Term life insurance premiums aren’t readily correlated with the best life insurance policies, or the best companies. Life insurance companies know that Canadians are shopping based on premiums so when a life insurer wants to capture more market share, they lower their premiums. Sometimes the second or third least expensive policy is the best policy for you, sometimes the least expensive is actually the best policy available – paying more doesn’t mean better.
Term life insurance is appropriate for families for income protection as it is inexpensive during the early years of the policy and when it premiums rise after the initial term many people will cancel.

You should also note that the days of readily comparable term life insurance policies has passed. In addition to competitive premiums, life insurance companies are adding features to their policies in order to distinguish them from their competitors. Therefore you should compare premiums and policy benefits. And – our term life insurance quotes above allow you to do exactly that.

The Term Guy's Policies

For starters, all of our term policies quoted are renewable and convertible term, and we show you the expiration date of both of these features (you should never accept a term life insurance policy that is not renewable and convertible unless you have no other choice).

Our quotes also then show you two other benefits, where available: Accelerated Death Benefits and the Exchange option.

And finally, if you click on the ‘company details’ link from the quote, we provide you with further information on policy features, and our opinion on the company’s underwriting, customer service, and their specific company advantages.

Use the form at the top of the page to run your term life insurance quote, and make an informed decision using both premiums and features.

Still have questions? Text or call the Term Guy now for a prompt, individual answer.

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About Us

We are experts on Canadian Term Life Insurance. We’ve been working online since 2006, showing Canadians the important differences in term life insurance policies. During that time we’ve been used repeatedly as a resource for the Canadian media seeking clear and easy to understand expertise on life insurance.

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Testimonials

"I appreciate The Term Guy's hard work researching not only the best quotes but explaining the benefits of each company, how they best suit my personal needs and the needs of my family. Their ongoing advice has helped me choose the policy that I need and am comfortable paying."

Jason H.

Nova Scotia

"They walked me through the whole process, helped me pick out the policies that would best suit our family and spent hours going over each point of the proposals. Even now, two years later, they still give me the same level of attention that The Term Guy did when we first met. There is no one else that I would recommend."

Christina H.

Ottawa, ON

"I saw The Term Guy's site and took a chance. I am a pilot and life insurance can be tricky and quite expensive. They worked hard and diligently in getting me the best quote over just a few weeks, saving me over 75% a month on what I was quoted from another company."

Randi M.

Calgary, AB

"I appreciate you taking care of everything and making it easy for me to understand the process and for your patience with all my questions. I realize how relieved I feel knowing that if anything ever happened to me, my family would be ok financially."

Donna D.

Cambridge, ON