Great-West Life offers Term 10 and Term 20 policies.
Both of these plans are renewable and convertible, meaning the insured can renew their coverage without a medical up to age 85 and can also convert the policy without a medical to any of their permanent plans up to age 70.
The following are rates for a 40-year-old and 50-year-old non-smoking male:
$250,000 of Term 10 coverage for a 40-year-old, male non-smoker costs $232.50 per year.
$250,000 of Term 20 coverage for a 40-year-old, male non-smoker is priced at $395.00 per year.
$250,000 of Term 10 coverage for a 50-year-old, male non-smoker has a $487.50 annual premium attached.
Finally, $250,000 of Term 20 coverage for a 50-year-old, male non-smoker would cost $982.50 per year.
For more details on term life insurance in Canada, please contact us at 1-866-899-4849 or visit our Term Life Insurance Instant Quote Page.
