30 YEAR TERM LIFE INSURANCE QUOTES, RATES, AND EXPERT TIPS

Assumption Life
BMO Life Assurance Company
Canada Life Insurance Company of Canada
Canada Protection Plan
Desjardins Financial Security Life Insurance
Empire Life Insurance Company
Equitable Life Insurance
Foresters Canada
Industrial Alliance Financial Group
Ivari
La Capitale Life Insurance
RBC Insurance
Specialty Life Insurance (SLI)
SSQ Life Insurance Company
UV Insurance
Wawanesa Life Insurance Company

    Why Choose LSM Insurance For Term Life Insurance

    Term 1
    A truly an independent agency working for you. 15+ languages spoken.
    Term 2
    Licensed across Canada and working with over 100 experienced insurance brokers.
    Term 3
    Working with more 20 + insurers to find for you the best life and living benefits products.
    Term 4
    Proudly serving Canadians for over 25 years. Helped thousands Canadians.

    What does 30 Year Term Life insurance mean?

    30 Year Level Term Life Insurance is a type of Term life insurance. It covers a policyholder for a clearly defined term of 30 years (thus, it is called Term 30). Should a policy holder pass away within this time frame, his/her beneficiaries will receive the coverage amount. After 30 years, this policy comes to an end (coverage disappears). A picture below shows a sample premium structure.

    If you want to extend a 30 year term life insurance policy, most likely, your insurance company will require you to get another quote. The new term life insurance policy will be typically more expensive because life insurance rates become higher as you get older (see an example below).

    When do you need 30 year term life insurance?

    30 year level term life insurance, or Term 30 Life Insurance, provides a coverage for 30 years and is optimal in particular situations. Here are a few examples:

    • You want to make sure your kids are well off (if you pass away) until they are able to live on their own. The term will surely cover the entire time as your children grow and become independent.
    • You want clearly defined protection for 30 years to protect yourself and your family (e.g. while paying off a 30-year long mortgage).
    • You want to minimize your insurance premiums for the next 30 years while having life insurance coverage. Term 30 is one of the cheapest options that you can choose from. It is important, though, to know that these premiums may significantly increase when you renew your policy.

    How does Term 30 Life Insurance compare to other life insurance products?

    Here is a brief comparison of how 30 year term life insurance compares to whole life insurance and universal life insurance.

     30 Year Term Life InsuranceWhole Life InsuranceUniversal Life Insurance
    Coverage length30 year coverageLife longLife long
    Insurance coverageYesYesYes
    Cash accumulationNoYesYes
    Can choose amounts going into insurance and cash accumulationNoNoYes
    PricingLower than Whole Life and Universal LifeMore expensive than Term LifeMore expensive than Term Life
    Interested in Term 30 Life Insurance or have questions?

    What are 30 year term life insurance quotes?

    Below are a few examples of 30 year term life insurance rates/quotes. It is important to remember that any life insurance quote depends on multiple factors and may vary from person to person (e.g. based on your health condition).

    30 Year Term Life Insurance quote

    Male, 29 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $250,000

    Rate: $27/month

    30 Year Term Life Insurance quote

    Female, 36 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $400,000

    Rate: $46/month

    30 Year Term Life Insurance quote

    Female 47 years old, 30 Year Life Insurance Term, Non-Smoker, coverage amount $350,000

    Rate: $99/month
    Interested in Term 30 Life Insurance or have questions?

    20 year vs 30 year term life insurance

    Below are a few examples of 20 and 30 year term life insurance quotes for $400,000 coverage. It is important to remember that any life insurance quote depends on multiple factors and may vary from person to person (e.g. based on your health condition).

     30 Year Term Life Insurance rates20 Year Term Life Insurance rates
    Male, 25 years old, non-smoker$36 / month$26 / month
    Female, 25 years old, non-smoker$25 / month$19 / month
    Male, 40 years old, non-smoker$80 / month$47 / month
    Female, 40 years old, non-smoker$61 / month$34 / month

    30 Year Term Life Insurance No Medical Exam

    30 year term life no medical exam insurance, is a subset of no medical term life insurance. It is a version of life insurance that does not require medical tests (also called simplified issue life insurance). Some no medical life insurance types go even further and do not even require a medical questionnaire (also called guaranteed issue life insurance).

    This is a great insurance choice for those who would not be approved for traditional (also called standard) life insurance, which comes with medical tests and a questionnaire to complete. Our insurance experts will help you with all of your no medical life insurance choices.

    Interested in Term 30 Life Insurance or have questions?

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