HSBC Term 10 and 20 Solutions

Posted on February 5, 2010 and updated November 10, 2010 in Canadian Life Insurance Companies, Life Insurance Canada News, Non-medical, Term Insurance 2 min read
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HSBC Insurance offers Term 10 and Term 20 coverage within a maximum issue limit of $250,000.

The plans are sold directly through the HSBC website and there are no medical tests. But, as always, this convenience comes at a price, as the plans are generally priced much higher than comparable traditional Term Life plans sold through independent brokers.

Below is pricing for a 50-year-old, male non smoker:

10-Year Life Term Insurance: Guaranteed Level Term

Coverage AmountMonthly PremiumAnnual Premium
$250,000$61.91$707.50
$225,000$56.15$641.75
$200,000$50.40$576.00
$175,000$44.65$510.25
$150,000$38.89$444.50
$125,000$33.25$380.00
$100,000$27.48$314.00
$75,000$21.70$248.00
$50,000$18.07$206.50
$25,000$11.22$128.25

 


20-year Term Life Insurance: Guaranteed Level Term

Coverage AmountMonthly PremiumAnnual Premium
$250,000$113.09$1,292.50
$225,000$102.22$1,168.25
$200,000$91.35$1,044.00
$175,000$80.48$919.75
$150,000$69.61$795.50
$125,000$58.84$672.50
$100,000$47.95$548.00
$75,000$37.06$423.50
$50,000$26.16$299.00
$25,000$15.27$174.50


If you have any questions, or would like a comaprative survey, please visit our Term Life Instant Quote Page, or contact us direct at 1-866-899-4849.

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