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 Amount Monthly Premium Annual 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 Amount Monthly Premium Annual 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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