Term Life Insurance: Which Companies Offer Preferred Rates?

Preferred rates are offered to individuals who are in very good health who have exemplary family health history. Preferred rates can lower insurance premiums by up to 35 per cent.

You can find more details on whether you are likely to qualify for preferred rates here.

The following is a listing of the leading life insurance carriers in Canada whether they offer preferred rates:

Assumption Life: No
BMO Insurance: Yes
Canada Life: Yes
Cumis: Yes
Desjardins Insurance: Yes
Empire Life: No
Equitable Life: Yes
Foresters: Yes
Great-West Life: Yes
Industrial Alliance: Yes
L’Excellence: Yes
La Capitale: No
Manulife Financial: Yes
Primerica: Yes
RBC Insurance: Yes
SSQ Financial Group: Yes
Sun Life Financial: Yes
Transamerica Life Canada: Yes
UL Mutual: Yes
Wawanessa Life: Yes

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  • aizee
    November 4, 2013 at 2:56 pm

    not in general .but why? some of those local agent. they do not know how to explain the quality and the value of this insurance.this people they just after they’re share or income .to the company but the value of their custumer ,they never care.

    • LSM Insurance
      November 4, 2013 at 3:20 pm

      Thanks for the note. But your point or question is not entirely clear.

  • michael zenkawich
    July 27, 2013 at 12:59 pm

    PLease give me quotes for 70 year old woman, non smoker for 10,000 and 20,000 coverage preferred and standard

    This is with Primerica Life insurance of Canada.

    • LSM Insurance
      July 27, 2013 at 1:03 pm

      Thanks Michael. You have to check with Primerica. They use their own captive sales force. But it appears the minimum face amount on their Term 10 is $50,000. Empire Life, Wawanessa and Industrial Alliance offer Term 10 Face Amounts as low as $10,000. Regards,

  • michael zenkawich
    July 27, 2013 at 12:55 pm

    THis woman is 70 years old

  • michael zenkawich
    July 27, 2013 at 12:54 pm

    Can Primerica life insrance give me quote on 10,000 and 20,000 coverage non-smoker woman.