There are over 35 life insurance companies that are currently active in Canada. Below you will find a full list of companies with links that you can click to find out more about each one.
In 2024, the following three life insurance companies were the largest ones in Canada: Manulife Financial (includes the former brands: Standard Life, Maritime Life, and John Hancock in the U.S.), Sun Life Financial, and Canada Life (includes the former brands: Great-West Life, Canada Life, and London Life).
Please note that SSQ Insurance and La Capitale merged in 2020 into the largest Canadian mutual insurer, Beneva.
Assumption Life, founded in 1903, is a Moncton-based, mid-size Life and Living Benefits provider. Assumption Life is one of the very few mutual companies, i.e. owned by the policyholders, with a good product mix of life, critical illness, group benefits, and investment products. It is one of the very few companies offering coverage for up to and including age 85.
In 2020 SSQ Insurance has merged with La Capitale forming one of the largest Quebec-based insurance companies, Beneva, and offering both Property and Casualty and Life Insurance products.
The Canadian Association of Blue Cross Plans represents the seven independent Blue Cross member plans operating in regions across the country. The Blue Cross members are focused on travel, health and dental plans, and group benefit plans.
BMO Insurance is a bank-based insurance provider (Bank of Montreal). It was founded in June 2009 with BMO purchased AIG Life Insurance Company of Canada (AIG Life of Canada). It offers a broad range of life and critical illness insurance products.
Canada Life has merged with two other brands: Great-West Life and London Life and currently operates under one single brand of Canada Life offering a very wide range of life and living benefits products. It is one of three, by far, the largest life insurance companies in Canada. Its disability product is particularly robust with a unique feature, Lifetime Benefit. In 2017, Great-West Life acquired Financial Horizons Group Inc, one of the largest Canadian MGAs (Managing General Agency).
Founded in 1992, Canada Protection Plan is focused on no medical life insurance and is known as a third party administrator, i.e. they use Foresters as their underwriting insurance company, so a Canada Protection Plan policy is issued by Foresters. On Oct. 2, 2020, it was announced that Canada Protection Plan and Foresters would be merging under the brand of Canada Protection Plan, A Foresters Financial Company.
Canadian Tire Insurance offers Creditor Insurance (Life Coverage, Disability Coverage, Involuntary Unemployment Coverage) when enrolling into various Canadian Tire banking products.
Co-operators Life Insurance began as a cooperative for prairie farmers in 1945. Today, the company offers life insurance, group insurance, and wealth management products as well as property and casualty products. The Co-operators Group Limited owns several entities, including Co-operators Life Insurance Co., Co-operators General Insurance Co., CUMIS, Edge Benefits Inc., Sovereign Insurance & Premier Group of companies, and others.
Costco in Canada collaborates with different insurance providers to offer a variety of insurance products to its members. Among other insurance products it includes Term Life Insurrance, Health & Dental Insurance, and Travel Insurance – all underwritten by Manulife.
Cumis Life Insurance Company is a Canadian insurance company that operates as part of The Co-operators Group Limited. Cumis Life Insurance, specifically, is known for providing life insurance products to individuals and families including such products as Whole Life, Infinity Term, Universal Term, Versatile Term.
Desjardins Insurance is a Quebec-based company (a subsidiary of Desjardins Group) offering life, disability, critical illness, and group benefits, plus auto, home, travel, pet insurance through their property and casualty division. They also offer a wide array of investment products. In 2018, Desjardins Group acquired State Farm Canada and integrated them under the Desjardins brand name. In 2023, Desjardins Group acquired IDC Worldsource Insurance Network Inc. (IDC WIN), Canada's leading life and health insurance managing general agency plan.
Empire Life is a Kingston-based, mid-size Life and Living Benefits provider offering a wide range of Life and Living Benefits. It also provides guaranteed issue plans for the hard to insure Canadians. Founded in 1923, and since then, merged with several other companies, and in 1968 became the operating company of Empire Life Financial Corp. as the holding company.
Started in 1920, and is one of the very few mutual insurance companies (i.e. owned by the policyholders) left in Canada. They offer typical life insurance products, e.g. term, whole, and universal life, and critical illness insurance. They also offer group benefit plans. They are particularly competitive in the whole life market.
Foresters Financial is a fraternal organization, founded in 1874, owned by The Independent Order of Foresters (a fraternal benefit society). Foresters offer a wide range of products including life insurance, critical illness insurance, and, with their merger with Canadian Protection Plan, numerous simplified issue plans.
Humania was found as The Union Saint-Joseph (L’Union Saint-Joseph de Saint-Hyacinthe) in 1874. In 2012, the rebranded company became Humania Assurance. It offers life, critical illness, health, and disability insurance products.
Established in 1997, the company's focus from the beginning was the underwriting of special risk life, accident, and health products that other traditional insurers do not offer. For an application that is out of the ordinary, it is definitely worth asking a broker to consider them.
Industrial Alliance (iA) was founded in 1887, based in Quebec, and rebranded as Industrial Alliance Financial Group in 2015. They offer individual life insurance, group insurance, individual wealth management, and group savings and retirement plans. iA acquired Hollis Wealth Management in 2017. In 2018, IA acquired one of the largest Canadian MGAs (Managing General Agency) PPI Management Inc. They are one of a very few insurers offering a decreasing term plan.
Transamerica has been initially an arm of American Transamerica insurance company but has been acquired by Wilton Re, a reinsurance company, and rebranded as Ivari being located in North York, Ontario. They offer several term and universal life plans, critical illness insurance, plus investment products. The company also has a solution for otherwise uninsurable children.
La Capitale was founded in 1940 headquartered in Quebec City and has its origins in a mutual fund. In 2020 La Capitale has merged with La Capitale forming one of the largest Quebec-based insurance companies, Beneva, and offering both Property and Casualty and Life Insurance products.
London Life has merged with two other brands: Great-West Life and London Life. It currently operates under one single brand Canada Life offering a very wide range of life and living benefits products. Canada Life is one of three, by far, the largest life insurance companies in Canada.
Manulife offers a vast array of life and living benefits products and underwrites products of many other companies. It is one of three, by far, the largest life insurance companies in Canada and one of the largest financial services organizations in North America including its subsidiary, John Hancock.
Medavie Blue Cross is a Moncton-based, mid-size Life and Living Benefits provider that is primarily focused on Group Insurance. The company also administers various government-sponsored health programs on behalf of provincial and federal governments. It is a not-for-profit organization that is a member of the Canadian Association of Blue Cross plans.
Primerica is a part of a North American company Primerica which is widely known for offering exclusively Term Life Insurance products only. It operates through a network of agents who are often part-time sales force. They also do recruit new agents through their sales efforts as well as public seminars.
RBC Insurance is an insurance arm of Royal Bank of Canada. It distributes both Property and Casualty Insurance products (underwritten by Aviva) and own Life and Living Benefits insurance products.
Reliable Life Insurance Company (focus name since 1943) has been in business along with a sister company, Old Republic Insurance Company. Their focus is on niche insurance, custom, and private label products.
Securian Canada is a combination of Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company. It offers Canadians life, accident, critical illness and sickness insurance products along with creditor insurance.
Serenia Life Financial (formerly FaithLife Financial) is a smaller Life Insurance company located in Waterloo, ON. It has been set up as a fraternal benefits society (originating from the US). Their customer segment is defined as Canadians with Christian values, and they require their representatives to have those values as well.
ScotiaLife Financial is a bank-based insurance provider (Scotiabank). It offers a range of relatively simple life and living benefits products. Some of their products, e.g. Accidental Death Insurance, are underwritten by other providers such as Chubb Life Insurance Company of Canada.
Specialty Life Insurance (SLi) is a boutique life insurance company focused on life insurance products for people who have difficulty getting traditional coverage. Their main focus is on simplified issue and guaranteed issue life insurance.
SSQ Insurance was founded in 1944, headquartered in Quebec City. In 2020 SSQ Insurance has merged with La Capitale forming one of the largest Quebec-based insurance companies, Beneva, and offering both Property and Casualty and Life Insurance products.
Standard Life was a company offering an array of insurance, investment, retirement, and financial protection products. In 2015, it was acquired by Manulife, one of three, by far, the largest life insurance companies in Canada.
Sun Life offers a vast array of life and living benefits products and underwrites products of many other companies. In the past, it acquired several insurance companies, e.g. Clarica Insurance in 2002. Sun Life is one of three, by far, the largest life insurance companies in Canada.
UV Insurance (formerly UL Mutual Company) is a Drummondville, QC based company, formed 130 years ago. It offers individual insurance, group insurance, and investment, and retirement products. It offers both term and permanent life insurance, and critical illness coverage.
Founded in Manitoba in 1896, created by and for farmers. Wawanesa began selling life insurance in 1961. It offers a broad product range, including term and whole life plans, instant issue life, and quick issue critical illness insurance. Wawanesa Insurance also sells numerous property and casualty products.
There are several methods to determine the largest life insurance companies, including metrics such as premiums written, the number of policyholders, assets under management (AuM), assets under administration (AuA). AuA, which represents the total assets managed on behalf of policyholders or clients, is often a comprehensive indicator of a company’s size and influence in the market. In the following table, we focus on AUA (in billions of CAD) to list the ten largest Canadian life insurance companies.
#
Insurer
AuA, billion
Details
More
1
Sunlife
1,400
Strong presence in Canada and Asia (e.g., Philippines, India, China)
A mutual life insurer is a type of life insurance company owned by its policyholders rather than external shareholders. In a mutual company, policyholders share in the company’s profits through mechanisms like reduced premiums, dividends, or enhanced policy benefits. The company’s primary focus is on serving the interests of its policyholders rather than maximizing shareholder returns.
In Canada, Beneva Group (created through a merger of SSQ Insurance and La Capitale) is the largest mutual insurer.
Mutual Insurer Name
Number of Clients
Details
More
Beneva
Over 3.5 million
Founded in 2020 through a merger of SSQ Insurance and La Capitale
While Wawanesa Insurance is a mutual company, its life insurance division, Wawanesa Life, does not operate independently as a mutual insurer. Instead, it functions as a subsidiary within the larger Wawanesa Mutual Insurance Company.
Originally founded in 1874 as “L’Union Saint-Joseph,” it was created to offer financial protection and aid to its members in times of illness or death.
Is the Canadian General Life Insurance Company still in existence? If not, where can I direct inquiries regarding an insurance policy issued to me by this company?
Westbury Life and Canadian General Life joined and the combined company was renamed Westbury Canadian Life. Westbury Canadian Life was then bought out by the Royal Bank who continued the operation for a while as Westbury Life and then changed the name to RBC Insurance – https://lsminsurance.ca/canadian-life-insurance-companies/rbc-life-insurance.
Thanks for the note. The premium will depend on a number of variables the type of diabetes (insulin or non insulin) Your smoking status and any other related health and / or lifestyle issues. I will send you an email now.
Carole that depend on the cash value in the policy. The cash value of a participating whole lie policy is generally the guaranteed cash plus the cash value from the dividends. If you contact the insurance company or your broker they should be able to give you these details.
Mutual Life became Clarica and was subsequently purchased by Sun Life. You can contact them and they should be verify if the policies are still active.
Thanks for the note there are no companies that would offer a 45 year term but you could do a term 100 plan which gives you level premiums to age 100 and coverage for life. I will email you with more specifics.
How long do I need to be a non smoker witth BMO to change to a non smoker rates. I’m off cigarettes and use a tobacco free e cigarette now. What form should |I complete
Thanks Olivia. In order to get non smoker rates you have to be tobacco free for 12 months. Unfortunately insurance carriers view e-cigarette users as smokers even the tobacco free version.
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My mother is 93 years old and has two insurance policies with Mutual Life Assurance Company of Canada Can you please let me know whom we can contact to discuss the status of these policies. One goes back to 1942 and the other to 1962
Best regards
Rob R
Hello my mom died and she have a life insurance name: The National Life Assurance Company of Canada. I am looking everywhere and can not find this company. Can someone please help me.
I got rated on my life insurance because of speeding tickets this makes no sense. I talked to the … agent and he I could re-apply after some of them are off my record. My car insurance went up but what does this have to do with life insurance. Could they have made a mistake and it went to the wrong department.
Hi Rez, Generally speaking one or two speeding tickets would have no impact on your life insurance premiums. But multiple tickets, reckless driving etc and the insurance company may deem this as a hazardous lifestyle which impacts risk. Keep in mind each insurance company has it’s own underwriting criteria.
How will I know that the insurance company will pay out the coverage amount once I die? Will they try to obstruct the pay out, or find a reason not to pay it out?
Thanks Claire. Assuming your application questions where answered accurately and you do not die from an excluded death, suicide in the first 2 years or depending on the policy one of the the listed exclusions the policy will pay out.
Having said that policies under 2 years or larger claims often take longer for the insurance company to process. A good broker can make sure all requirements are filled and can hasten the claim process.
Thanks Hazel. If you click on the insurance companies name this take you to a page with their contact details. You can contact them and change your address.
Just wondering if insurance policies have any restrictions on travel, residency. IE, do I have to live in Canada for a certain amount of a year, or are there no restrictions.
I want to join your sales team I have 2 years successful experience in EFU life insurance company but my experience certificate has been misplaced. 8 years experience in Citibank dsa as a marketing team manager.If you give me a chance to work for your company, I shall put my maxumum efforts to increase your business.
The Mortgage Life and Disability Insurance Products offered by BGS are Underwritten by Foresters Life Insurance Their plans offer Life and Disability Creditor Protection up to $500,000 of life to applicants 18 to 69 and $3,000 a month of Total Disability Protection to applicants 18 to 64 with No Health Questions and No Medical Tests.
I am looking for a list of the companies that still offer Term 100 in Canada. I want a simple plan with out all the bells and whistles just guaranteed premium, no cash etc.
Hi Ron, The number of Term 100 providers is shrinking. But Manulife, BMO, SSQ and Industrial Alliance still offer Term 100 plans. As do smaller carriers like La Capitale and Western Life.
The premiums depend on your age, smoking status and the amount of coverage. We will send a separate email now.
Hi… I am inquiring about the differences between the different insurance companies? For example, if I want a 200K UL. I am a 32yo female nonsmoker. What is the difference between the different options?
John, that depends on whether you can “no” to some of the questions on the Simplified Issue no medical plans. The more questions you can answer “no to the higher the coverage. We will send you a separate email now.
Fraser, you would have to supply medical evidence to get an improvement in classification. Most insurance companies require you to be tobacco free for 12 months.
I’m a male 45 years old have been a non smoker for the past 5 years but smoked for 20 years prior. My policy needs renewing, would I now be considered a non-smoker and would that be reflected in my premium?
Thanks for the note we are happy to help out and clarify things. The premiums will based in part on the following:
The amount of coverage
The type of plan (Term or Permanent – Term starts off lower and increases as you get older. Permanent starts off higher but generally offers a level rate
Your Date of Birth and Smoking Status. Please note most insurance companies use age nearest pricing so we would need the month and year of birth to do an accurate quote
Any major health issues we offer both traditional life insurance and No Medical Life Insurance plans.
Thanks for the note. It’s hard to say which company or plan is best without looking at your individual situation. The premiums vary among carriers, the cost will be influenced by you age, smoking status, Health and coverage amount.
We are 4 in our family. My wife and I have Life insurance (I believe its term) and kids have ins. to cover funeral all through LL. I have a house and an additional investment property with another investment property to come in the next month. Mortgage ins is through RBC. Very expensive. Will call LL next week to discuss but should I be considering a different insurance carrier? Should I convert to a permanent?
37 year old male with Hep B condition since 2yrs but undercontrol and no medication looking to have a term life ins that will cover life or life ins for limited amount. Have mortgage and of course would like to safe on ins as money is tight.
Thanks
Is The National Life Assurance Company of Canada still in existence? How do I contact them? The address is: Glens Falls, New York
Hi Lisa, “In 1988, Industrial Alliance acquired National Life” You can try reaching out to Industrial Alliance https://lsminsurance.ca/canadian-life-insurance-companies/industrial-alliance-life-insurance
Is the Canadian General Life Insurance Company still in existence? If not, where can I direct inquiries regarding an insurance policy issued to me by this company?
Westbury Life and Canadian General Life joined and the combined company was renamed Westbury Canadian Life. Westbury Canadian Life was then bought out by the Royal Bank who continued the operation for a while as Westbury Life and then changed the name to RBC Insurance – https://lsminsurance.ca/canadian-life-insurance-companies/rbc-life-insurance.
Which company has the best Term 25 rates for a 46 year old female with diabities?
Thanks for the note. The premium will depend on a number of variables the type of diabetes (insulin or non insulin) Your smoking status and any other related health and / or lifestyle issues. I will send you an email now.
I have total dividends in the amount of $662.12 and looking to make a loan of $5000.00
Is this possible? my policy numbers are 8…. & 4…..
Please let me know.
Thank you!!!
Carole that depend on the cash value in the policy. The cash value of a participating whole lie policy is generally the guaranteed cash plus the cash value from the dividends. If you contact the insurance company or your broker they should be able to give you these details.
I have several policies with the name of Mutual Life Of Canada What is the name change. Not sure if these policies have been cashed in.
Mutual Life became Clarica and was subsequently purchased by Sun Life. You can contact them and they should be verify if the policies are still active.
Do any life insurance companies offer a 45 year term? I’m 48 but my grandparents lived to over 90. I don’t smoke and I’m in good health
Thanks for the note there are no companies that would offer a 45 year term but you could do a term 100 plan which gives you level premiums to age 100 and coverage for life. I will email you with more specifics.
Which company will insure a senior over 82
Thanks Joseph,
It depends on the plan. Several companies insure applicants over 80 including Assumption Life, Industrial Alliance and Assumption Life.
Where does the American income life insurance falls amongst these companies?
Thanks we will look into adding a page for them. Here is a link to their website https://www.ailife.com/#&panel1-1
Good article that list of Canadian Life Insurance Companies. Thanks for this list!
Thanks for the note Vicki. Much appreciated.
How long do I need to be a non smoker witth BMO to change to a non smoker rates. I’m off cigarettes and use a tobacco free e cigarette now. What form should |I complete
Thanks Olivia. In order to get non smoker rates you have to be tobacco free for 12 months. Unfortunately insurance carriers view e-cigarette users as smokers even the tobacco free version.
Does anyone know if Great West Life verifies if someone graduated from school?
I would think they would do periodic checks on this type of thing
$1000,000
Please let me rate $1,000,000Term ins age 36 male non smocker.
Thanks Sash. It would depend on your age nearest age and the length of the term.
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Can I change the beneficary on my life insurance without the benficiary knowing.
If it is an Revocable beneficiary and not an irrevocable beneficiary you can change the beneficiary without their authorization or consent. Regards,
My mother is 93 years old and has two insurance policies with Mutual Life Assurance Company of Canada Can you please let me know whom we can contact to discuss the status of these policies. One goes back to 1942 and the other to 1962
Best regards
Rob R
Thanks for the note Rob. Mutual Life demutalized an became Clarica which was purchased by Sun Life. Their website is here https://www.sunlife.ca/
Hello my mom died and she have a life insurance name: The National Life Assurance Company of Canada. I am looking everywhere and can not find this company. Can someone please help me.
Hi Mark,
Sorry to hear that – National Life was acquired by Industrial Alliance https://www.inalco.com/english/company/history/expansion/national/national.jsp.
Regards, LSM
I got rated on my life insurance because of speeding tickets this makes no sense. I talked to the … agent and he I could re-apply after some of them are off my record. My car insurance went up but what does this have to do with life insurance. Could they have made a mistake and it went to the wrong department.
Hi Rez, Generally speaking one or two speeding tickets would have no impact on your life insurance premiums. But multiple tickets, reckless driving etc and the insurance company may deem this as a hazardous lifestyle which impacts risk. Keep in mind each insurance company has it’s own underwriting criteria.
So, it’s only the first couple of years you have a policy. Not the entire policy?
I’m not sure what you are referring to. If you clarify we are happy to answer you question.
I would like to file a claim on a Foresters life insurance policy.
Hi Linda, Foresters contact details are below.
Foresters of Canada
789 Don Mills Rd.
Toronto, ON
M3C 1T9
Foresters Life
1660 Tech Avenue, Suite 3,
Mississauga, Ontario, Canada
L4W 5S8
Toll Free: 1-800-267-8777
Phone: 905-219-8000
Hello,
How will I know that the insurance company will pay out the coverage amount once I die? Will they try to obstruct the pay out, or find a reason not to pay it out?
Thanks
Thanks Claire. Assuming your application questions where answered accurately and you do not die from an excluded death, suicide in the first 2 years or depending on the policy one of the the listed exclusions the policy will pay out.
Having said that policies under 2 years or larger claims often take longer for the insurance company to process. A good broker can make sure all requirements are filled and can hasten the claim process.
What does it mean when my fathers policy has an irrevocable beneficary it still has my step mom on there. How can we get this changed
Thanks Steven – an irrevocable beneficiary means that both the policy owner and beneficiary must sign off on any changes to the policy.
What factors go into ranking different insurance companies?
In term of stability. Their assets, the types of assets, the amount of liabilities outstanding in relationship to those assets.
How can I get details on my Guaranteed Life Plus plan
Thanks for the note. You can call BMO Insurance for details at 1-800-387-9855.
I would like to change my address?
Thanks Hazel. If you click on the insurance companies name this take you to a page with their contact details. You can contact them and change your address.
Just wondering if insurance policies have any restrictions on travel, residency. IE, do I have to live in Canada for a certain amount of a year, or are there no restrictions.
It would depend on the policy. If you did a lot of dangerous travel, the insurance company may exclude travel to those regions
Is it true that an insurance company can change or restrict your beneficiary under a current insurance policy you have and are paying for? Thanks.
An insurance company can not change the beneficiary without the policy owner’s authorization.
Do you know what the elimination period on my Canada Life disability plan means
The elimination period refers to how long you must wait for your disability insurance benefit to kick in.
Do you have a phone number for Canada Protection Plan my brother passed away and I need to contact them. Thanks
Very sorry to hear that. There phone is 416-4476060 https://lsminsurance.ca/canadian-life-insurance-companies/canada-protection-plan
I want to join your sales team I have 2 years successful experience in EFU life insurance company but my experience certificate has been misplaced. 8 years experience in Citibank dsa as a marketing team manager.If you give me a chance to work for your company, I shall put my maxumum efforts to increase your business.
Thanks
Thanks for the note Naveed. You can send your resume to info@lsminsurance.ca
I am looking for a group plan for 10 employees. We have a packaging company and no benefits. Mainly interested in Health and Dental
Thanks for the note. The premiums are influenced by a few variables. We will be in touch by email very soon to help with a quote.
The Mortgage Life and Disability Insurance Products offered by BGS are Underwritten by Foresters Life Insurance Their plans offer Life and Disability Creditor Protection up to $500,000 of life to applicants 18 to 69 and $3,000 a month of Total Disability Protection to applicants 18 to 64 with No Health Questions and No Medical Tests.
How exactly does the Bingham Group Services plan work and who pays out the claim?
Hello,
The Mutual Life Assurance Company of Canada is now which insurance company?
thank you
Thanks for the note. Mutual Life became Clarica which was purchased by Sun Life.
I am looking for a list of the companies that still offer Term 100 in Canada. I want a simple plan with out all the bells and whistles just guaranteed premium, no cash etc.
Hi Ron, The number of Term 100 providers is shrinking. But Manulife, BMO, SSQ and Industrial Alliance still offer Term 100 plans. As do smaller carriers like La Capitale and Western Life.
The premiums depend on your age, smoking status and the amount of coverage. We will send a separate email now.
Hi… I am inquiring about the differences between the different insurance companies? For example, if I want a 200K UL. I am a 32yo female nonsmoker. What is the difference between the different options?
The differences can be significant, especially if you are looking for a level cost Universal Life plan. Many companies have exited this market.
What happened to Union of Canad?
The Ontario Superior Court of Justice ordered the winding-up of Union of Canada Life, finding that the company had insufficient capital to ensure long-term viability. The court has named Grant Thornton Limited as liquidator. You can find out more details https://www.theglobeandmail.com/globe-investor/court-approves-windup-of-union-of-canada-life/article546284/ and https://lsminsurance.ca/canadian-life-insurance-companies/ul-mutual-company
I was curious if my premiums would be higher as a firefighter compared to the average low risk occupation?
Thanks for the note Derek. All things being equal firefighters do not pay a higher rate than other occupations.
We will be in touch by email.
John, that depends on whether you can “no” to some of the questions on the Simplified Issue no medical plans. The more questions you can answer “no to the higher the coverage. We will send you a separate email now.
Fraser, you would have to supply medical evidence to get an improvement in classification. Most insurance companies require you to be tobacco free for 12 months.
How much non-medical term life insurance is it possible for me to buy in Canada?
I’m a male 45 years old have been a non smoker for the past 5 years but smoked for 20 years prior. My policy needs renewing, would I now be considered a non-smoker and would that be reflected in my premium?
Hi Donna,
Thanks for the note we are happy to help out and clarify things. The premiums will based in part on the following:
The amount of coverage
The type of plan (Term or Permanent – Term starts off lower and increases as you get older. Permanent starts off higher but generally offers a level rate
Your Date of Birth and Smoking Status. Please note most insurance companies use age nearest pricing so we would need the month and year of birth to do an accurate quote
Any major health issues we offer both traditional life insurance and No Medical Life Insurance plans.
We will send you an email now?
Hi…I am 56, shopping for life insurance…very confusing…Would appreciate any help, advice etc!
Thanks
Donna
BMO Insurance’s Customer Service Centre number is 1.800.387.9855.
Do you have BMO phone number. I want to change my beneficiary. Thanks
Thanks for the note. It’s hard to say which company or plan is best without looking at your individual situation. The premiums vary among carriers, the cost will be influenced by you age, smoking status, Health and coverage amount.
We will send you a separate email now.
We are 4 in our family. My wife and I have Life insurance (I believe its term) and kids have ins. to cover funeral all through LL. I have a house and an additional investment property with another investment property to come in the next month. Mortgage ins is through RBC. Very expensive. Will call LL next week to discuss but should I be considering a different insurance carrier? Should I convert to a permanent?
Thanks for the note. We will be in touch by email to see which plan is the best fit.
37 year old male with Hep B condition since 2yrs but undercontrol and no medication looking to have a term life ins that will cover life or life ins for limited amount. Have mortgage and of course would like to safe on ins as money is tight.
Thanks
Thanks for the note. You would have the contact the insurance carriers directly to see if they would have interest in your product.