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Term Life Insurance Quotes

We are independent Canadian Life Insurance Brokers and experts on Term Life Insurance. Here you can shop online for term life insurance - however our quotes are different.  We compare premiums AND benefits for 10 of Canada's top life insurance companies.

Why our online quotes are different!

Not all term life insurance policies are the same - many offer free but important and valuable provisions while others do not.  And not all term life insurance companies are the same - some are better for service, others excel at underwriting.

That's why our online term life insurance quotes compare premiums and compare details on four additional policy benefits. Plus, we offer our opinion on service and underwriting for each company.  That lets compare and select the best company at the best possible premiums.

Here's the additional benefits we compare:

  • Renewable to age: At the end of your term, a renewable term policy doesn't simply expire. Instead, coverage continues but premiums go up. The 'renewable to' age shown in your quote is the age to which the policy will continue to renew. Renewable term policies give you the option of extending your coverage past the end of the term, which can be vital if you've become uninsurable and need some extra time at the end of your term to determine your options.
  • Convertible to age: Convertible term life insurance offers you the ability to exchange your term life insurance policy for a permanent life insurance policy, at the same underwriting class as your initial term policy, and the 'convertible to age' shows you for each policy how long that option is available for. Most importantly, you can do this exchange without providing any medical information. This option is vital for your term policy, as it allows you to lock in permanent life insurance if you become uninsurable during your term. We suggest that you ensure that the convertible to age extends past your initial term.
  • Accelerated Death Benefits: Accelerated death benefits allows you to access a portion of your death benefit proceeds while still alive, if you experience limited life expectancy (generally less than one year). If you have a limited life expectancy, this option can provide you funds to be used however you choose.
  • Exchange Option: This option lets you trade in your existing term, for a new, longer term policy (but only in the first years of the policy, which we show you in your quote). It can be used to 'wait out' higher premiums by purchasing a shorter and therefore cheaper term, get past your higher premiums, and then extend out to a longer term. i.e. if you're a smoker planning to quit, you could purchase a 10 year term instead of a 20 year term policy, then exchange to a term 20 policy after you quit smoking - thus exchanging to a non-smoking term 20. 

Note: You should never purchase a term life insurance policy without the renewable and convertible options unless you have no other choice. 

More Details:  Clicking on more details for each company in your online term life insurance quote will display our opinion on each company including customer service, suitability for various client classes, and benefits and drawbacks of each company.


"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

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.