Term Life Insurance in Toronto, Brampton & Mississauga

Term life insurance gives your family a tax-free lump-sum payment if you pass away during a set period, such as 10, 20 or 30 years. It is the most affordable way to get a large amount of coverage while your family depends on your income.

Who term life insurance is for

• Parents who want to replace their income for their children
• Homeowners who want their mortgage paid off
• Business owners protecting partners or loans
• Anyone who needs high coverage at a low cost

How it works

• You choose the coverage amount and the term length
• Premiums stay the same for the whole term
• Many policies can be renewed or converted to permanent coverage later, without a new medical exam
• Some plans are available without a medical exam

Term vs. permanent life insurance

Term insurance covers you for a set number of years. If you want coverage for life, compare whole life and universal life insurance, or read what is life insurance.