A term life insurance policy is a life cover taken for a specific period of time. The period of the policy cover is called the term and it ranges depending on the contract terms agreed upon. This is in contrast to a permanent life insurance policies such as whole life and universal life that lasts the lifetime of the person insured.
Term life insurance rates are significantly lower than those of permanent life policies. This makes the policy affordable to almost anyone in Canada. You can get a cheap term life insurance policy from a term life insurance Ontario or term life insurance Alberta company with as low as $30 per month premium for a 20 year term policy of a face value of $200,000.
Finding the right term life insurance and even what it is can be a difficult task. It does not have to be and we are here to help you navigate through all terms and complicated packages. We will soon have here a free online quote which is easy to use and asks for minimal information, once you fill that we get to work to find you the top rates with best coverage while working with trusted names in Canada.