Life Insurance in Halifax: Best Quotes from 20+ Life Insurers

LSM Insurance has been helping people living in Halifax find the life and living benefits insurance they need for more than 25 years. Whether you have just graduated from Dalhousie University or are planning your retirement, our experienced brokers will help you find the best policy for your needs.

Get a free, tailored life insurance quote in Halifax

    Life Insurance in Halifax: Background

    Halifax, NS, Canada

    Insurance products we offer in Halifax:

    • Medical Life Insurance
    • No Medical Life Insurance
    • Mortgage Insurance
    • Funeral Insurance
    • Disability Insurance and Income Replacement Insurance
    • Critical Illness Insurance
    • Health Insurance
    • Group Insurance for Organizations

    There are many different types of life insurance in Halifax. For example, beyond the typical term policy that covers you for a set amount of time, a permanent policy can cover you for life with no increase in premium. Some permanent policies have cash savings accounts to help with long-term financial planning. Riders can be used to customize policies, and critical illness insurance can prevent financial disaster if you develop a very serious but not necessarily life threatening illness. There are many options when it comes to getting the life insurance you need in Halifax.

    Our Life Insurance Brokers in Halifax

    Broker
    Years of Experience
    Specialties
    Languages spoken

    Richard Parkinson

    Years of Experience:
    Over 20 years
    Specialties:
    • Life Insurance
    • Disability Insurance
    • Critical Illness Insurance
    • Long-Term Care Insurance
    • Annuities
    Languages:
    • English

    Tim Burns

    Years of Experience:
    Over 10 years
    Specialties:
    • Life Insurance
    • No Medical Life Insurance
    • Disability Insurance
    • Critical illness Insurance
    • Health Insurance
    Languages:
    • English

    Gabriele Gentile

    Years of Experience:
    Over 25 years
    Specialties:
    • Life Insurance
    • No Medical Life Insurance
    • Disability Insurance
    • Critical illness Insurance
    • Health Insurance
    Languages:
    • English
    The Insurance Consultants listed above are independent brokers and not employees of LSM insurance or representing LSM Insurance.

    Life Insurance Licensing in Halifax

    The Finance and Treasury Board of Nova Scotia insures and regulates agents, brokers, and adjusters in Halifax.

    Interested to find out Life Insurance or Living Benefits rates in Halifax?

    Key life insurance types in Halifax

    Term Life Insurance Quote

    Term life insurance in Halifax is used to cover a set period of time. For example, Term 20 covers 20 years, Term 10 covers 10 years. Term is the cheapest policy, although rates go up with each renewal. A healthy 35-year old non-smoker male can get $500,000 in coverage for as low as $28.95/month.

    Term 100 Insurance Quote

    Term 100 in Halifax is a form of permanent insurance but unlike whole or universal life, it does not come with a cash savings component. This is an ideal way to get a policy that covers you to age 100 without the cost or rising renewal rates. A healthy 25-year old non-smoker female can get $200,000 in coverage for as low as $66.69/month.

    Whole Life Insurance Quote

    Whole life insurance in Halifax is permanent insurance that comes with a tax-advantaged cash savings component. It is an ideal way to have both lifelong coverage and manage wealth/build savings over the long term. Whole life insurance policies have guaranteed values and you can leverage the cash with a policy loan. These are incredibly nuanced polices to set up and the rate depends on your personal situation and how the policy is customized for you. Always work with an insurance professional when setting up a whole life policy.

    Universal Life Insurance Quote

    Universal life insurance in Halifax is a permanent insurance policy with a tax-advantaged cash savings component. Like whole life, it is ideal for permanent coverage and savings, however the values are not guaranteed and there is more flexibility with the cash account. These are incredibly nuanced polices to set up and the rate depends on your personal situation and how the policy is customized for you. Always work with an insurance professional when setting up a universal life policy.

    No Medical Life Insurance (Simplified)

    No medical life insurance in Halifax fills a need for those that would not quality for insurance. A medical is not part of the application. Instead, a short health questionnaire determines eligibility. No medical life insurance is also ideal for anyone that needs coverage in a hurry, or that simply does not like medical exams. Rates vary as this product is offered across a range of life and living benefits.

    No Medical Life Insurance (Guaranteed)

    No medical life insurance in Halifax allows people that would not quality for traditionally underwritten insurance to be more likely approved for a policy. This is because no medical exam is required. Instead, the applicant must simply answer some health questions. No medical policies are faster and easier to get, so they are also ideal for anyone that doesn’t like doctor’s visits or that needs insurance in a hurry. Rates vary as this product is offered across a range of policy types.

    Other Life Insurance types

    Living benefits are paid to you while you are still alive and include disability insurance, critical illness insurance and health benefits. Rates vary depending on the product type, your risk factors, and (for disability insurance) your classification of occupation.

    Life Insurance rates in Halifax: Sample

    The average life insurance rates in the sample below are general in nature. A range of factors are considered depending on if the policy is simplified or not, your health risks, and even your commute. Work with a broker who has access to a wide range of insurance products to ensure you are matched with the one that best suits your needs.

    Term 10 life insurance for a 40-year old male, non-smoker, no serious health conditions. Coverage for $200,000.
    $29.52/month
    Term 20 life insurance for a 40-year old female, non-smoker, no serious health conditions. Coverage for $200,000.
    $28.62/month
    Whole life insurance for a 36-year old male, non-smoker, no serious health conditions. Coverage for $100,000.
    $130.77/month
    Simplified term life insurance for a 42-year old female, non-smoker, with a health condition. Coverage for $50,000.
    $13.77/month (for a term policy)

    Disclaimer: Remember, life insurance rates are highly individual and depend on a number of criteria including but not limited to your age, health status, health pre-conditions, family health history, lifestyle/life habits and many other aspects.

    Other Living benefits products in Halifax

    Disability Insurance Quote

    Disability insurance in Halifax provides a portion of your income should you be unable to work due to an accident or some forms of illness. Rates for disability insurance are tied to your class of occupation. Work with a broker to ensure you are not over or under insured. You cannot stack policies to gain more than 85% (or less depending on your occupation classification) of your income, but you should top up your coverage if your employee/association benefit plan is below your allowable maximum.

    Critical Illness Insurance Quote

    There are many instances where you may be facing a catastrophic illness, but it is not life threatening. For those times, critical illness insurance in Halifax is a must. From cancer, heart attack, or stroke to policies with 25+ conditions covered (can include severe burns, kidney failure, etc.) this is the living benefit that provides a tax free lump sum to help you take time off, clear debt, or hire help when a serious illness prevents you from working or living your life fully. Rates are tied to the type of policy (how many conditions it covers).

    Health & Dental Insurance Quote

    Health insurance in Halifax refers to benefits that help pay for medications, dental work, and paramedical services. Health insurance is a feature of many work benefit plans, but you can get an individual policy if you are without benefits or if you need to top up your coverage. As these are highly customizable plans, the rates will depend on the package you choose or build.

    Other Living benefits

    Living benefits in Halifax are any benefits that are paid to you while you are alive. In addition to disability and critical illness insurance, this includes riders that advance a portion of the death benefit upon diagnosis of a fatal illness.
    Interested to find out Life Insurance or Living Benefits rates in Halifax?

    Frequently Asked Questions about Halifax Life Insurance

    Life insurance rates in Halifax depend on the type of policy you choose along with your personal risk factors and riders you may choose to purchase. Term insurance is always the cheapest option. For example, a healthy 35-year old non-smoker male can get $500,000 in coverage for as low as $28.95/month.

    You can get life insurance in Halifax through an agent, a broker, directly from an insurer, over the phone, online, or through an association. Banks also offer insurance, however, their products are typically geared towards protecting loans or mortgages you may have with them, and they, not your family, is often the beneficiary. When you work with a broker that has access to all the major policies in Canada, they can compare rates and terms and coverage for you and present you with your best option for your short and long-term needs. Brokers do the work for you and since they are compensated by the insurance company when you buy a policy, their consulting services are free to you.

    The Finance and Treasury Board of Nova Scotia insures and regulates agents, brokers, and adjusters in Halifax.

    You can get disability insurance in Halifax through an agent, a broker, online, or directly from an insurer. Bank disability insurance typically names the bank, not your family as the beneficiary as bank insurance is often used to cover loans you have at the institution. It is best to work with a broker for disability insurance in Halifax. These are nuanced policies that are tied to your occupation class, and that occupation class determines how much coverage you can receive. Failure to set this up properly can leave you either underinsured or paying for coverage that you cannot fully leverage.

    Interested to find out Life Insurance or Living Benefits rates in Halifax?