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Compare Term Life Insurance Premiums

This page contains charts with premiums paid for term life insurance in AB, for a non-smoking male, aged 25 years, with a face value of $500,000.

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Province Age Category Face Amount Sex Smoking Status
Disclaimer: While we take all reasonable steps to ensure the accuracy of the rates shown, these rates may change at any time without notice. Please contact Super Brokers for an accurate quote.

Popular Products

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20 Year Level Term

20 Year Term Life Insurance policies are by far the most popular terms of life insurance purchased by Canadians today. These 20 year term policies are also known as T20 and Term 20 policies. Term 20 policies are level, guaranteed life insurance policies for 20 year periods. They're offered on a single life, multi life or joint life basis to Canadians aged 18 or older, and can be renewed at end of term, or converted to whole life or universal life insurance as desired. Due to their popularity and structure, 20 year term life insurance policies are only slightly more expensive than Term 10 policies. More information.

  Product Monthly Cost  
LS Mutual Life Insurance Company LS Mutual Life Insurance Company
Product: T-20 Superior+
$35.15 Buy Insurance
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-20
$35.10 Buy Insurance
Manulife Financial Manulife Financial
Product: Family Term-20
$36.50 Buy Insurance
Co-operators Life Insurance Company Co-operators Life Insurance Company
Product: Desjardins Term 20
$37.35 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 20 Year
$37.35 Buy Insurance
Assumption Mutual Life Insurance Company Assumption Mutual Life Insurance Company
Product: Preferred Term 20
$37.35 Buy Insurance
L'Entraide assurance-vie compagnie mutu L'Entraide assurance-vie compagnie mutu
Product: 20 Year Renewable & Convertible
$37.35 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: T20 - 20 Year R & C Term
$37.35 Buy Insurance
Equitable Life Insurance Co of Canada Equitable Life Insurance Co of Canada
Product: 20-Year Renewable and Convertible Term
$37.35 Buy Insurance
The Great-West Life Assurance Company The Great-West Life Assurance Company
Product: 20 Year Term, Renewable and Convertible
$37.80 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T20 Level
$37.80 Buy Insurance
AXA Insurance AXA Insurance
Product: 20 Year Term, Renewable and Convertible
$37.80 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Tempo 20 - 20 Year Term
$37.80 Buy Insurance
ACA Assurance ACA Assurance
Product: FlexTerm 20 Years
$38.25 Buy Insurance
Sun Life Assurance Company of Canada Sun Life Assurance Company of Canada
Product: TermSelect 20 R&C
$38.25 Buy Insurance
Transamerica Life Canada Transamerica Life Canada
Product: Lifestyle Term 20
$38.25 Buy Insurance
Primerica Life Insurance Company Primerica Life Insurance Company
Product: Term 20 - 20 Year R & C Term
$38.52 Buy Insurance
Desjardins Financial Security Desjardins Financial Security
Product: Solution 20 - 20 Year R & C Term
$38.70 Buy Insurance
Union of Canada Life Insurance Union of Canada Life Insurance
Product: @PPROVE T20
$36.66 Buy Insurance
The Canada Life Assurance Company The Canada Life Assurance Company
Product: CUMIS Term 20
$40.25 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Temporaire 20 Ans R & T
$40.42 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: SunTerm 20 R&C
$42.75 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Protection 20.10
$46.67 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 20 Year
$54.63 Buy Insurance
The Empire Life Insurance Company The Empire Life Insurance Company
Product: L'Entraide T20 - Temporaire 20 ans
Unknown Buy Insurance

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10 Year Level Term

10 Year Level Term Insurance is the second most popular type of term life insurance available to Canadians today. Also known as Term 10 or T10, it generally has the lowest premiums and is offered by virtually all life insurance companies in Canada. The premiums on Term 10 are fixed and guaranteed, and are based on your age and specific health at the time of issue. More information.

  Product Monthly Cost  
LS Mutual Life Insurance Company LS Mutual Life Insurance Company
Product: T-10 Superior+
$27.08 Buy Insurance
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-10
$26.10 Buy Insurance
L'Entraide assurance-vie compagnie mutu L'Entraide assurance-vie compagnie mutu
Product: 10 Year Renewable & Convertible
$26.10 Buy Insurance
Transamerica Life Canada Transamerica Life Canada
Product: Lifestyle Term 10
$27.00 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Tempo 10 - 10 Year Term
$27.45 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T10 Level
$27.45 Buy Insurance
Desjardins Financial Security Desjardins Financial Security
Product: Solution 10 - 10 Year R & C Term
$27.90 Buy Insurance
Co-operators Life Insurance Company Co-operators Life Insurance Company
Product: Desjardins Term 10
$27.90 Buy Insurance
Sun Life Assurance Company of Canada Sun Life Assurance Company of Canada
Product: TermSelect 10 R&C
$27.90 Buy Insurance
Primerica Life Insurance Company Primerica Life Insurance Company
Product: Term 10 - 10 Year R & C Term
$28.62 Buy Insurance
The Great-West Life Assurance Company The Great-West Life Assurance Company
Product: 10 Year Term, Renewable and Convertible
$28.80 Buy Insurance
AXA Insurance AXA Insurance
Product: 10 Year Term, Renewable and Convertible
$28.80 Buy Insurance
Union of Canada Life Insurance Union of Canada Life Insurance
Product: @PPROVE T10
$27.08 Buy Insurance
Assumption Mutual Life Insurance Company Assumption Mutual Life Insurance Company
Product: Preferred Term 10
$29.25 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 10 Year
$29.70 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: T10 - 10 Year R & C Term
$29.70 Buy Insurance
Manulife Financial Manulife Financial
Product: Family Term-10
$30.01 Buy Insurance
Equitable Life Insurance Co of Canada Equitable Life Insurance Co of Canada
Product: 10-Year Renewable and Convertible Term
$30.60 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: SunTerm 10 R&C
$30.60 Buy Insurance
The Canada Life Assurance Company The Canada Life Assurance Company
Product: CUMIS Term 10
$30.63 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Temporaire 10 Ans R & T
$31.25 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 10 Year
$39.43 Buy Insurance
AIG Life Insurance Company of Canada AIG Life Insurance Company of Canada
Product: Preferred Term 10 R&C
$56.70 Buy Insurance
The Empire Life Insurance Company The Empire Life Insurance Company
Product: L'Entraide T10 - Temporaire 10 ans
Unknown Buy Insurance

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Term to 100 Guaranteed Life Pay

Term to Age 100, also called T100 or Term 100, is the most comprehensive form of term life insurance. Term 100 insures you past your life expectancy, and is an exceptional vessel for the preservation of your estate. Because of the length of its coverage, this term is actually classified as permanent life insurance. Premiums for Term 100 are fixed and guaranteed for their duration, and are always cheaper than the other two permanent life insurance options; Whole Life and Universal life. More information.

  Product Monthly Cost  
The Empire Life Insurance Company The Empire Life Insurance Company
Product: L'Entraide T100 - Temporaire 100 ans
Unknown Buy Insurance
AIG Life Insurance Company of Canada AIG Life Insurance Company of Canada
Product: Century Life
$150.75 Buy Insurance
The Canada Life Assurance Company The Canada Life Assurance Company
Product: CUMIS Term to 100
$180.25 Buy Insurance
Union of Canada Life Insurance Union of Canada Life Insurance
Product: Term 100 Life Pay 2012
$181.03 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Traditional Insurance T100
$194.85 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Term 100
$195.75 Buy Insurance
Transamerica Life Canada Transamerica Life Canada
Product: T-100 - Non-Participating
$196.20 Buy Insurance
Co-operators Life Insurance Company Co-operators Life Insurance Company
Product: MAXLife - T100 without cash values
$198.45 Buy Insurance
LS Mutual Life Insurance Company LS Mutual Life Insurance Company
Product: Integral 100+ - with PUV & CSV at 75
$254.13 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: T100 - 100% Pure Protection
$237.08 Buy Insurance

Less Popular Products

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5 Year Level Term

Also known as T5 and Term 5, 5 Year Term Life Insurance is used primarily to cover very short term debt obligations. These policies are not as common as 10 and 20 year policies because most large loans and debts outstanding are structured to last longer than five years. Because of this, purchasers tend towards the more popular 10 and 20 year insurance terms. More information.

  Product Monthly Cost  
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: SunTerm 5 R&C
$36.00 Buy Insurance
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-5
$36.45 Buy Insurance

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15 Year Level Term

15 Year Level Term is also known as Term 15 or T15. Because of the way debts are typically structured, many find that T10 and T20 policies are more attractive than T15 policies. As such, it's offered by fewer Canadian life insurance companies, and its pricing is not as attractive to consumers. Term 15 insurance still includes the features of most major term life insurance policies though, such as the ability to renew at the end of the term, and the abilty to convert the policy. More information.

  Product Monthly Cost  
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T15 Level
$32.40 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 15 Year
$35.10 Buy Insurance
Equitable Life Insurance Co of Canada Equitable Life Insurance Co of Canada
Product: 15-Year Renewable and Convertible Term
$36.00 Buy Insurance
ACA Assurance ACA Assurance
Product: FlexTerm 15 Years
$36.45 Buy Insurance
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-15
$38.70 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 15 Year
$47.98 Buy Insurance

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25 Year Level Term

Term 25 is a less common type of insurance offered to Canadians, and as a result only a handful of insurance companies offer it. Like T10 and T20 life insurance, Term 25 is generally sold as renewable and convertible, which means that at the end of term you have the option to renew your policy without regard to your health and without a medical exam. Because it's convertible, it means you also have the option to convert it into a permanent life insurance policy. More information.

  Product Monthly Cost  
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-25
$38.25 Buy Insurance
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T25 Level
$39.15 Buy Insurance
ACA Assurance ACA Assurance
Product: FlexTerm 25 Years
$41.40 Buy Insurance
Equitable Life Insurance Co of Canada Equitable Life Insurance Co of Canada
Product: 25-Year Renewable and Convertible Term
$47.70 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 25 Year
$48.15 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Temporaire 25 Ans R & T
$47.92 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 25 Year
$63.65 Buy Insurance

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30 Year Level Term

30 Year Term Life Insurance, also known as Term 30 or T30, is another term type with a fixed premium, guaranteed over a 30 year term. Like most forms of term life insurance, these policies are renewable and convertible, which means they offer the best options upon the end of your policy term.

Term 30 life insurance, like Term 25, exists to fill a niche where few policy providers go. This term is useful for fulfilling longer-term debt obligations like personal and business loans, shareholder loans, mortgages, and offsetting estate taxes.

  Product Monthly Cost  
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T30 Level
$44.55 Buy Insurance
L'EXCELLENCE, Compagnie d'assurance-vie L'EXCELLENCE, Compagnie d'assurance-vie
Product: Preferred T-30
$45.00 Buy Insurance
Transamerica Life Canada Transamerica Life Canada
Product: Lifestyle Term 30
$47.25 Buy Insurance
Union of Canada Life Insurance Union of Canada Life Insurance
Product: @PPROVE T30
$45.40 Buy Insurance
Assumption Mutual Life Insurance Company Assumption Mutual Life Insurance Company
Product: Preferred Term 30
$50.40 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 30 Year
$52.65 Buy Insurance
Co-operators Life Insurance Company Co-operators Life Insurance Company
Product: Desjardins Term 30
$53.10 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Temporaire 30 Ans R & T
$52.50 Buy Insurance
Sun Life Assurance Company of Canada Sun Life Assurance Company of Canada
Product: TermSelect 30 R&C
$55.80 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 30 Year
$66.03 Buy Insurance

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35 Year Level Term

Also known as Term 35 or T35, this term life insurance is not a very common type of insurance, and as such is only offered by a few insurance companies in Canada. It is available for purchase on a single life or multi life basis and is convertible to a more permanent type of insurance, such as Universal Life or Whole Life, prior to the policy's expiry. The minimum age for policy holders is 18 years old. More information.

  Product Monthly Cost  
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Loan Insurance - T35 Level
$58.95 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 35 Year
$58.95 Buy Insurance
Blue Cross Life Insurance Co of Canada Blue Cross Life Insurance Co of Canada
Product: Temporaire 35 Ans R & T
$59.17 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom Advantage - 35 Year
$75.53 Buy Insurance

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40 Year Level Term

Due to its duration of coverage, Term 40 is one of the more difficult insurance products to obtain, making it an extremely uncommon form of term life insurance. At this time, 40 year term life insurance is only offered by one company in Canada, and it's a part of the Industrial Alliance Pick-A-Term specialized insurance product line up. Term 40 can be issued on a single life or multi life basis, and is easily convertible a permanent type of insurance. More information.

  Product Monthly Cost  
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - 40 Year
$64.80 Buy Insurance

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Level Term to age 65

Term to Age 65 is a type of term insurance where the premiums remain fixed and guaranteed until the policy's expiry at age 65. In Canada, this type of insurance is only available from a handful of companies. It is ideally suited for someone who requires some life insurance protection to that specific age. Because it only covers the insured to age 65, the premiums are generally fairly inexpensive. It is commonly offered on a single life or multi life basis, from 18 to 60 years of age. There is also often a provision built into the policy allowing you to convert to a permanent type of insurance, such as Universal Life or Whole Life, prior to the policy's expiry.

  Product Monthly Cost  
Manulife Financial Manulife Financial
Product: Family Term-Level to 65
$51.99 Buy Insurance
National Life Assurance Co of Canada National Life Assurance Co of Canada
Product: Custom 2000 - Term to 65
$66.03 Buy Insurance
Industrial Alliance Pacific Life Industrial Alliance Pacific Life
Product: Pick-A-Term - Level to age 65
$64.80 Buy Insurance

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Level Term to age 70

Currently there are only 3 Canadian life insurance companies that offer Term to Age 70 life insurance; AXA Assurance, Primerica Canada Life Insurance and IA Pacific (Industrial Alliance). The premiums in these types of policies will remain level and guaranteed to age 70. Depending on which insurance company is chosen, many have the option to convert the policy to a permanent type of insurance, such as Whole Life or Universal Life prior to age 65. Term to Age 70 is typically offered to applicants who are between 18 and 60 years of age as a single life or multi life plan.

In AXA's Term to Age 70 policy, there is also a built in Extreme Disability provision, so that if the person insured develops an Extreme Disability, the policy can pay out up to $250,000 or half of the policy value tax free prior to the age of 60.

  Product Monthly Cost  
The Standard Life Assurance Co of Canada The Standard Life Assurance Co of Canada
Product: Tempo 70 - Term to age 70
$61.65 Buy Insurance

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Level Term to age 75

Offered in Canada by only a handful of companies, Term to Age 75 has level and guaranteed premiums to age 75 and can be purchased on a single life or multi basis. A policy conversion option is typically built in whereby the policy owner can convert the policy to a more permanent type of insurance.

  Product Monthly Cost  
The Empire Life Insurance Company The Empire Life Insurance Company
Product: L'Entraide T75 - Temporaire 75 ans
Unknown Buy Insurance

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