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

LSM Insurance has been helping people in Québec with all their life insurance and living benefits needs for over 25 years. Whether you live in Montreal or Laval, Sherbrook or Gaspé, wherever you are in the beautiful province of Québec, a LSM broker is just a call away.

Get a free, tailored life insurance quote in Québec

    Life Insurance in Québec: Background

    Montreal, QC, Canada

    Quebec City, QC, Canada

    Sherbrooke, QC, Canada

    Trois-Rivières, QC, Canada

    Insurance products we offer in Québec:

    • 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

    Québec is one of the most unique provinces in Canada. Cultural identity is ingrained in every industry, and the cities expertly fuse old world charm with modernity. French is the predominant language in Québec. LSM brokers in this province are fluent in French, ensuring anyone that reaches out for advice or a quote can do so confidently whether they prefer to converse in French or English.

    Topics important for Life Insurance in Québec

    Our life insurance brokers in Québec
    Life insurance licensing in Québec
    Key life insurance types in Québec
    Life insurance rates in Québec
    Other living benefits products in Québec
    Frequently Asked Questions (FAQ) about Québec life insurance

    Our Life Insurance Brokers in Québec

    Broker
    Years of Experience
    Specialties
    Languages spoken

    Tamara Humphries

    Years of Experience:
    Over 20 years
    Specialties:
    • Life Insurance
    • No Medical Life Insurance
    • Disability Insurance
    • Critical illness Insurance
    • Health Insurance
    Languages:
    • English
    Contact
    Tamara Humphries

    Ralph D'iorio

    Years of Experience:
    Over 10 years
    Specialties:
    • Life Insurance
    • No Medical Life Insurance
    • Disability Insurance
    • Critical illness Insurance
    • Health Insurance
    Languages:
    • English
    • French
    Contact
    Ralph D'iorio
    Patrick Surbey Bougie

    Patrick Surbey

    Years of Experience:
    Nearly 8 years
    Specialties:
    • Life Insurance
    • No Medical Life Insurance
    • Disability Insurance
    • Critical illness Insurance
    • Health Insurance
    Languages:
    • English
    • French
    Contact
    Patrick Surbey
    The Insurance Consultants listed above are independent brokers and not employees of LSM insurance or representing LSM Insurance.

    Life Insurance Licensing in Québec

    Licensing

    The Autorité des marchés financiers, or AMF, oversees professionals in Québec’s financial sector and is responsible for the licensing and regulation of insurance brokers and agents.

    Interested to find out Life Insurance or Living Benefits rates in Québec?
    Get a tailored quote

    Key life insurance types in Québec

    Term Life Insurance Quote

    Term life insurance in Québec is the cheapest type of policy on the market. It consists of a term that expires (for example, Term 10 expires in 10 years, Term 20 in 20 years etc.) and rates go up with every renewal. Term is ideal for any risk that has a start and end date, such as your mortgage or the years the children are dependents. A 25-year old male, non-smoker, in good health can get coverage of $500,000 for as little as $22.95/month.

    Term 100 Insurance Quote

    Everyone in Québec has this in common – life expectancy. While term is used to cover a time-defined risk, permanent insurance is best to cover a lifetime (a risk with an undetermined time frame). Term 100 is a policy that covers this risk to age 100. It is pure insurance, meaning it does not have the cash savings or perks of the other permanent policies (whole and universal life). However, it is also the cheapest of the permanent policies. A healthy 25-year old female, non-smoker, in good health can get Term 100 coverage for $200,000 starting around $84.96/month.

    Whole Life Insurance Quote

    Whole life insurance is a form of permanent insurance in Québec that comes with guaranteed cash values in a special savings account. It is used for insurance and long-term financial planning. A healthy 25-year old male, non-smoker in good health can get a whole life policy in Québec starting at $97.38/month for $200,000 of coverage.

    Universal Life Insurance Quote

    Universal life insurance in Québec is another form of permanent insurance. Like whole life, it has a cash savings component, but unlike whole life, the investments are not guaranteed. This policy is more flexible in its structure in that you can withdraw cash from the account (as opposed to using it for a policy loan as with whole life) and the premium has a max/min range that you can leverage based on your financial situation and goals.

    Simplified Life Insurance Quote

    Simplified issue life insurance in Québec is the ideal policy for anyone that does not qualify for traditionally underwritten policies, that needs a policy in a hurry, or that does not want to endure a medical appointment for the application. It is often the policy of choice for applicants that have a precondition that excludes them from getting an underwritten policy. A 35-year old male non-smoker can get a simplified issue policy for around $53.55/month for $250,000 of coverage.

    Guaranteed Life Insurance Quote

    While simplified issue has a health questionnaire that replaces the medical exam of a traditional policy, guaranteed issue life insurance in Québec goes one step further – there is no medical exam, nor any health questions asked. Anyone can get guaranteed issue, even if they have cancer in remission, are very advanced in age, or any other reason that would rate a denial on a traditional or simplified application. As the insurer assumes the risk in this situation and therefore assumes the applicant is in poor health, rates are higher and coverage caps are low for guaranteed issue insurance. It also has a two-year deferred payment. If the life insured passes from any reason other than an accident during those first two years, the claim does not pay out, but the premiums are returned to the family.

    Other Life Insurance types

    Living benefits include health and dental, critical illness, and disability insurance. Riders can be used to enhance life insurance policies, providing attributes like a return of premium if you don’t pass away during a certain timeframe. Your broker in Québec discusses all your options among Canada’s 25+ providers, helping you find the best policy for your needs and budget.

    Life Insurance rates in Québec: Sample

    As with everywhere else in Canada, life insurance rates in Québec are tied to a number of factors including your health, family health history, location, age, finanical goals, and more. The sample quotes below provide examples of average rates; a broker can provide an exact quote customized to your situation.

    Term 10 life insurance for a 30-year old male, non-smoker, with no serious health conditions for coverage of $200,000.
    $25.50/month
    Term 20 life insurance for a 30-year old female, non-smoker, with no serious health conditions for coverage of $200,000.
    $21.69/month
    Whole life insurance for a 35-year old male, non-smoker, with no serious health conditions for coverage of $100,000.
    $126.14/month
    Simplified life insurance for a 35-year old male, non-smoker, using a no medical policy because of a health condition. Coverage of $50,000.
    $14.31/month (term policy)

    Other Living benefits products in Québec

    Disability Insurance Quote

    Disability insurance in Québec replaces part of your income if you are unable to work due to an accident or an illness described in the policy. While some employers provided disability coverage as a work benefit, it is worth speaking with a broker to see if a top up is needed. You cannot exceed around 85% of your total income, so be careful when trying to “stack” policies. Disability insurance rates are tied to your occupation.

    Critical Illness Insurance Quote

    Critical illness insurance in Québec provides a lump sum, tax free benefit upon diagnosis of a serious illness. Some policies cover cancer, heart attack, and stroke, while other policies cover 25+ illnesses including serious burns and kidney failure. Rates for critical illness insurance in Québec depend on how many conditions you want covered, and your personal risk factors (age, health, etc.).

    Health & Dental Insurance Quote

    Health insurance in Québec empowers you to get the medical care you need, be it a chiropractor appointment or a cleaning at the dentist. Health insurance is part of many employee benefit packages, but you can also get individual or top-up policies. The rates depend on the structure of your package; some emphasize dental, some emphasize medication coverage, and some have additional coverage for paramedical services.

    Other Living benefits

    Living benefits describe benefits paid to you while you are still living. These include critical illness and disability, and also the riders used to customize the policy. For example, some choose a rider that functions in part like a critical illness policy, but reduces the death benefit if used. Other riders return the premiums paid if the life insured does not pass away during a predetermined time.
    Interested to find out Life Insurance or Living Benefits rates in Québec?
    Get a tailored quote

    Frequently Asked Questions about Québec Life Insurance

    Term insurance in Québec is the cheapest type of policy. For example, a healthy 41-year old, female, non-smoker will pay around $33.08/month for $250,000 of coverage in a Term 25 policy.

    Life insurance in Québec is part of some employee benefit plans. Individual policies are purchased through brokers, agents, online, over the phone, or through some banks. Brokers shop the market on your behalf and customize your policy, giving you the best range of options within your budget.

    The Autorité des marchés financiers, or AMF, oversees professionals in Québec’s financial sector and is responsible for the licensing and regulation of insurance brokers and agents.

    Disability insurance in Québec is available through employee benefit plans, agents, brokers, and banks. When a bank provides disability insurance, it is usually termed as mortgage or loan/debt insurance. In those instances the bank, not your family, is the beneficiary.

    Life Insurance by Province

    Alberta
    British Columbia
    Manitoba
    Nova Scotia
    Ontario
    Saskatchewan
    Calgary
    Edmonton
    Halifax
    Saskatoon
    Toronto
    Vancouver
    Interested to find out Life Insurance or Living Benefits rates in Québec?
    Get a tailored quote