Term Life Insurance
Coverage when you need it most
Term insurance provides an affordable and effective solution for those with a temporary need for insurance.
A one-time tax-free benefit payment to your chosen beneficiary upon the death of the insured.
Get access to coverage when you need it at a lower cost than permanent life insurance.
Renew your policy for an additional term or convert your policy to permanent coverage with no medical underwriting.
Receive counselling and other professional services while you recover.
What is term life insurance and how does it work?
Life insurance provides coverage on the life of the insured. Should the insured pass away, the life insurance company will provide a tax-free lump-sum benefit payment to your chosen beneficiaries.
Term life insurance is temporary coverage for a set amount of years. You can renew your insurance for another term at the end of your current policy or convert your term life insurance into permanent life insurance without a need for medical underwriting. You typically pay the same premium for the duration of the policy.
There are several types of coverage options that range in term from 5 years to 40 years, however, most insurance companies have a maximum age until when you can hold term insurance until. An Insurance Specialist from our team will complete a needs analysis with you to help determine what options are best suited for your needs.
How Do I Determine What Coverage I Need?
One of our Insurance Specialists can help determine the appropriate coverage needed.