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

Term Life Quotes

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Amount of Coverage
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* Please Confirm Your Contact Details Are Correct

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.

Testimonials

Marci Scolnik:

“… I found Andrew to be extremely knowledgeable with all his products, and was very thorough and patient…”

Raymond and Shauran Ramdihal:

“… We were thrilled with the level of service you provided. You made the entire process of buying insurance enjoyable and you saved us money in the process…”

Arthur Balaniuk:

“… I am very pleased with the plan they set up. It’s easy to see why they have become so successful and I would not hesitate to refer others looking for insurance and investment solutions to LSM Insurance…”

Lewis Lee:

“…Your service has been outstanding and you helping me get an exceptional rate on my life insurance. I look forward to working with you in the future…”

133 Comments

  1. LSM Insurance 09/10/2013 at 3:23 pm

    You’re welcome. We are happy to help.

  2. Secret Sister 09/13/2013 at 2:59 pm

    my life insurance is about to expired, I am not happy with the company that I am with. what are the requirements to change from my present company to yours?

  3. LSM Insurance 09/13/2013 at 3:27 pm

    Thanks for the note. You may some options with your existing policy – you could always switch your agent of record with a written request.

  4. Brad MacKinnon 09/18/2013 at 1:43 pm

    My client is rated highly for depression and medication she has been taken for almost 20 years. What medical evidence is required for 55 year old smoker female.

  5. LSM Insurance 09/18/2013 at 1:53 pm

    Hi Brad, Your client can get up to $250,000 No Medical Tests, but with a series of Health Questions that will include a depression related question with Assumption Life. They would likely ask for an Attending Physician Statement. Canada Protection Plan underwritten by Foresters Life Insurance Company offers a Simplified Issue Term plan with No Medical Tests and No Depression related questions

  6. Calum 09/19/2013 at 12:37 pm

    Could not find a quote, as requested, on this page!?
    Would appreciate a phone call or a response by email to my enquiry:
    Term life for 75 year old male
    Non smoker
    $250000 over 10, 15 and 20 years

  7. LSM Insurance 09/19/2013 at 2:04 pm

    Thanks Calum. A Term 10 or Permanent plan would be available. We are happy to help out and will be in touch with a quote.

  8. Kathy 10/25/2013 at 9:48 pm

    I am interested in covering my oldest son he was born in …..
    I would like whole life policy at least $20,000.00. His health is not bad has some …. . Is it possible for me to get life insurance on him as his job status is very iffy and I don’t want to get stuck with the cost if something happens to him.

    Kathy

  9. LSM Insurance 10/26/2013 at 5:32 pm

    Thanks Kathy. We are happy to help with a life quote for your son and will be in touch by email shortly.

  10. Oscar 12/04/2013 at 5:01 pm

    Can you get a Guaranteed Issue and a Regular Term plan

  11. LSM Insurance 12/04/2013 at 5:08 pm

    You could have both plans but this would not make a lot of sense. If you qualify for a Regular Term Plan would be a much better deal than a Guaranteed Issue plan. Unless the Term Plan was heavily rated or you had the guaranteed issue plan for many years.

  12. Rick 12/20/2013 at 1:30 am

    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

  13. Jackson 04/21/2014 at 9:49 pm

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

  14. LSM Insurance 04/22/2014 at 10:46 am

    Thanks for the note Jackson. Most insurance companies use age nearest pricing meaning they price on the age you are nearest to. Are you closest to 39 also do you want a quote on a Term 10, Term 20 or Term 30 policy.

  15. janice 06/23/2014 at 5:01 pm

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

  16. LSM Insurance 06/23/2014 at 6:53 pm

    Thanks Janice. It was nice speaking with you. The rates depend on the type of plan and the amount of coverage. We will be in touch by email.

  17. Jim Huynh 07/11/2014 at 8:21 pm

    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?

  18. Jim Huynh 07/11/2014 at 8:21 pm

    Please reply thanks

  19. LSM Insurance 07/12/2014 at 12:31 pm

    Thanks Jim. The premiums will depend on their smoking status, their age nearest ago and the type of plan. I will send you a separate email now.

  20. AH 07/19/2014 at 12:23 pm

    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.

  21. LSM Insurance 07/19/2014 at 12:46 pm

    Thanks we are happy to help. The premiums will depend on your smoking status and the amount of coverage.

  22. Riva 07/29/2014 at 5:50 pm

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

  23. LSM Insurance 07/30/2014 at 11:28 am

    Hi Riva, Thanks for the note that would depend on the amount of coverage and the type of plan as well as year date of birth and smoking status.

  24. Donna 08/11/2014 at 6:16 pm

    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.

  25. LSM Insurance 08/11/2014 at 7:14 pm

    Hi Donna,

    Thanks for the note. We are happy to help. The premiums will depend on the type of plan whether it is Term or Permanent coverage.

  26. Judy u 10/24/2014 at 3:32 pm

    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

  27. LSM Insurance 10/24/2014 at 3:39 pm

    Hi Judy, We are happy to help.. It would depend on your age nearest age and the typ of plan Term or Permanent we will be in touch by email

  28. Adeep 12/15/2014 at 4:56 pm

    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

  29. LSM Insurance 12/15/2014 at 5:18 pm

    Thanks Adeep we are happy to help and will be in touch by email. With the additional details we need to provide an accurate quote.

  30. DIPAKKUMAR 04/29/2016 at 11:13 pm

    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

  31. LSM Insurance 05/05/2016 at 9:35 am

    Thanks for the note we sent you an email. Regards, LSM

  32. Helmut 05/07/2018 at 4:33 pm

    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

  33. LSM Insurance 05/07/2018 at 5:28 pm

    Thanks Helmut. Depending on the carrier Term 40, Term 80 or Term 100 plans are available

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