TERM LIFE INSURANCE QUOTE AND EXPERT TIPS

Why Choose LSM Insurance For Term Life Insurance

  • We provide service across Canada*, from BC and AB to ON and NS
  • LSM Insurance is one of the largest Canadian life insurance brokerages
  • We work with more life insurance companies than the majority of brokers (25+ insurers)
  • We have been serving Canadians for over 25 years

* Please note that we can not provide insurance products in QC

 

LSM Insurance is accredited by:

 

 

 

Get a Term Life Insurance quote today or ask questions

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Sample Term Life Insurance Quotes

Female, 51 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000 coverage

Best quote:
$32 per month

Male, 44 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000

Best quote:
$25 per month

Female, 35 years old, non-smoker, no serious health pre-conditions, Term 20 life insurance policy for $500,000

Best quote:
$27 per month

What is Term Life Insurance?

A term life insurance policy covers a policyholder for a pre-defined period of time, such as 10 or 20 years (Term 10, Term 20).

It is a simple, pure insurance product without a cash accumulation or savings component.

Term insurance works in the most straight-forward way: if the policyholder dies during the term, their beneficiaries get the coverage amount.

Interested in term life insurance or have questions? Please complete the form above.

When do you Need Term Life insurance?

Term life insurance covers a policyholder for a limited period of time (with the exception of Term 100, which is actually a form of permanent insurance). Term insurance is optimal when:

  1. You want protection for a pre-defined period of time to protect yourself and your family (e.g. paying off a mortgage).
  2. You want to make sure your kids are being taken care of until they are able to live on their own.
  3. You want to minimize your life insurance premiums (thought it is important to know that these will significantly increase when you renew your policy).
  4. You need pure life insurance coverage because you invest elsewhere and you are not interested in leveraging the value accumulation component of permanent life insurance.

Interested in term life insurance or have questions? Please complete the form above.

How Does Term Life Insurance Compare to Other Life Insurance Products?

Here is a brief comparison of how term life insurance compares to whole life insurance and universal life insurance.

  Term Life Insurance Whole Life Insurance Universal Life Insurance
Coverage length Limited (e.g. Term 10 – coverage for 10 years) Life long Life long
Insurance coverage Yes Yes Yes
Cash accumulation No Yes Yes
Can choose amounts going into insurance and cash accumulation No No Yes

Interested in term life insurance or have questions? Please complete the form above.

What are Term Life Insurance Rates?

Term premiums are typically lower than universal life or whole life insurance premiums. Your term life insurance premiums stay the same for the entire term of the policy (e.g. for 10 years if you purchased a Term 10 policy) but will increase once your policy expires and you get a new one.

That is different from whole life insurance premiums, which will be higher at the beginning but will stay the same over the course of your life.

Interested in term life insurance or have questions? Please complete the form above.

avatar
Helmut
Helmut

Hello,

what are the longest terms for term life insurance? 25, 30, 35 or 40 years? I am trying to get an overview for my daughtr (24).

Thanks,
Helmut

DIPAKKUMAR
DIPAKKUMAR

Hi, I am running my 40th year of life and have little high-cholesterol and hypo-thyroidism. I am taking phenofibrate tablet for cholesterol and synthroid for thyroid. Both remains under control and never had any problem. I don’t smoke at all. I am not a regular alcohol drinker (occasionally once a year). I am looking to get Term 30 or Term 35 life insurance. Can I get it and what approx. premium I have to pay for sum insured amount of $ 150,000 only. Thanks

Adeep
Adeep

Hi there,
Looking for T30 Life Insurance , half million each for myself and my husband. Can you please quote us for per month and which insurance company it wud be thru.
Thanks
Adeep

Judy u
Judy u

I am 67 excellent health fit would like to know how much per month for both $50K & $100K policy
Not sure of the lingo but just basic insurance.
Thank you

Donna
Donna

I am about to turn 70 at the end of August I am a non smoker, non drinker, I would like a quote for life insurance, I am looking for a quote for $75,000. I am in good health. I am 5’4″ tall and weigh 130 lbs.

Riva
Riva

I would like to now approximately how much I have to pay on a monthly basis?

AH
AH

Hi Chantal
I am ….. I have cardiomyopathy, recently inserted an ICD (implantable cardioverter defibrillator). I want a 20 or 10 year term life insurance. Please suggest me.

Jim Huynh
Jim Huynh

Please reply thanks

Jim Huynh
Jim Huynh

Please let me know about my parent Bith year 1932 & 1940 can they get their life insurance for $50 to cover $50,000 life insurance?

janice
janice

I want to know if I can get life insurance on my mother??
No smoking, drinking……..ever. Tip top health.

Jackson
Jackson

Male 39 yrs old making about 4000/month, non smoker, good health. Looking for 250,000 life insurance.Please send me a quote. Thanks

Rick
Rick

Hello ,

My wife is 31 year old . She has got a bunch of health issues like Thyroid , Depression (bipolar and border line and she is taking therapy for these but no medication) and
this year she has been diagnosed with sjogren’s syndrome for which she is taking medication

We have to get life insurance for her , do you think she will still get a standard rate or will it be higher . Will all the companies accept her or only handfull .

Thanks