Women’s vs. Men’s Term Life Insurance in Canada

You won't believe how much money
you'll save as a woman.
Photo by Victor Bezrukov

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Term life insurance provides affordable insurance premiums for a stated term, such as 10 years, 15 years, 20 years or 30 years. The longer the term, the higher the initial premium.

Most term policies are guaranteed renewable after the initial term at a much higher premium and most term policies are convertible to a Permanent Level-rate policy without a medical. Keep in mind, the premiums are based on the insured’s age at the time of coversion.

Women will pay a much lower rate than men for Term Life insurance.

The following is a snapshot of the pricing on Women's Term Life insurance versus Men's Term Life insurance on a 30-year term:

This pricing is based on a 40-year-old, male non-smoker with $250,000 worth of Term 30 life insurance.

Wawanesa is $57.30 a month

Primerica is $60.56 a month*

Unity Life is $61.20 a month.

* The Primerica policy is not convertible.

This pricing is based on a 40-year-old, female non-smoker with $250,000 Term 30

Unity Life is 42.98 a month.

Wawanesa Life is 43.88 a month

La Capitale is 44.17 a month.

For more details on how Women's Life Insurance policies compare with male's, please contact us at 1-866-899-4849, or visit our Instant Quote Term Life Insurance Homepage.

Posted by Chantal Marr.