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
Bill
Bill

I am 61 years old born … I am a non smoker in good health.I am looking for quotes on 10,000, 25000 whole life policies. thanks Bill

D
D

My wife is suffering from M.S and has been turned down in the past. Is there any hope of her getting coverage?

Thanks.

Ernest
Ernest

I m 52 and wife 51 ..both good health ..non smoker looking for term life 15 ? 20 ? ..amt 300,000 each ..Please advise ..Thanks

LSM
LSM

Hi Bob,

Thanks for the note – we are happy to help. The premiums will depend on your age, smoking status, type of plan and face amount We’ll send you an email now. Regards, LSM

bob
bob

iam looking for insurance to help my fmaily with my debt.

Victoria
Victoria

Hi;
My husband will be turning 65 on Oct 13th and I am 61 yrs of age. We presently have 100,000 each life insurance with my husbands past employer and now that he will be 65 it will expire in a few days. Is there any way I can convert our policy over to your company if the premiums are affordable. We are both in good health and non-smokers. My husband has controlled hypertensive with medication. We would be interested in a 20 yr plan.

LSM
LSM

Thanks for the note. The rates on the Critical Illness coverage will depend on the length of term and if the plan has a return of premium. Regards, Lorne

Jingwei
Jingwei

Female non-smoker, good health, born 1979. Looking for 20-year term life insurance and want to discuss critical illness insurance as well. Could someone contact me please.

Jordan
Jordan

250,000 life insurance 20 term insurance, non-smoker, born April 1985. Type 1 diabetes for 1 year, controlled with insulin.

Clark
Clark

250,000 life insurance non smoker born nov 1963. good health no problems, non smoker.

bruno
bruno

my husband need a life insurance because mine does not cover my spouse, he is 48 year old and no smoking, no health problems
thanks for your help

Ian
Ian

37 non smoker interested in term insurance coverage for my family. Can someone please contact me and assist in providing a quote?

Brian
Brian

Hi…

I am 61 in April and have been declined because of high PSA. Is there anything you can recomend.

Thanx, Brian

Zeny
Zeny

i need some quote for life insurance

Huma Ahmed
Huma Ahmed

Hello,

I am in search of information regarding a life insurance policy with a critical illness rider. Although I am a non-smoker and 41 years of age, I was diagnosed with Transverse Myelitis in August of 2008. I am hoping there is some insurance companies which would accept my application for either the above mentioned policiy, or disability (even though I am not disabled right now).
Thankyou.

David
David

Looking for term to covering existing line of credit for $50,000.00, as now that I have turned 70 and had coverage for this debt, they have – Scotia Bank – cancelled this life insurance. Would take a 5 year or 10 year. Health good employed and a smoker. Dave

katerina
katerina

Hello, My employer just presented me with the bill for 421.38/month for group rate premium as I was off on medical leave for over 2 weeks. They stated that this amount is paid for every single employee. I contacted the insurance company to inquire about individual coverage and was told that the above amount does not even exist. Also, speaking to other employees about the amount they paid while on leave and they don’t even come close to half of this amount. I obviously have to opt out of the group plan, more like was forced out. Are there any… Read more »

Lisa Curtis
Lisa Curtis

Please let detailed insurance. I am looking for $500,000.

Lisa

Sandra McGrath
Sandra McGrath

Our life insurance is coming up for renewal soon and I have been shopping around for different ins. products. I am 46 this Sept and my husband is turning 48 in May. We are both non smokers. I was looking at some term life and a small whole life policy approx 50,000. The 15 year quick pay policy appealed to me but I read that Unity life only offers whole life to 18-45 year olds?!! Please let meif we are eligible for this.
Thanks

Julian
Julian

Is the premium quote above per month or per year?

Thanks.

Julian

Diane
Diane

I am interested in buying insurance for my granddaughter,and at the present time,I am 69
years old,and in excellent health.I do have a
hearing loss,so that limits me to recieving emails
or text messages for corresponding with anyone.
I am also on a pension.Could you give me some idea
of how much it would be for a 10.000 life ins
policy.Thank you!

yoonsuk
yoonsuk

I am 41,male and currently having a $200,000 universal life for 8 years. But recently I found out my insurance premium will be tripled in 2034. The agent never told me about it. Anyway I will cancel it and get a new one maybe term to 100.
But I am worrying that i have been declined once 2 years ago for another life insurance with health issue. I have mild hypertension and in control with medication about 130-80, non smoker.
I ‘d like to know whether I can get a life insurance.

John
John

I am turning 65 in June. I am currently insured with a term policy for $200,000 thru my employer until the end of july 2010. I am looling at converting thru Sun Life to a small $15000 policy of whole life. Are yu able to provide a quote for that amount? I am in good health and on no medications. I have a yearly medical check.

Beth
Beth

I am 38 year old making about 4000/month and my husband 47years old and makes about 5800/month
we would like to have life insurance and disability insurance coverage for our mortgage that we just took out and have no coverage at the moment. our mortgage is for $265000
monthly payment 1617.21
both of us are in good health and non smokers our whole lives
Can we get a quote?
thanks

Ralph Furgason
Ralph Furgason

I am 60 and have a wife 38, and son 15. I had insurance with my previous employer but that canceled upon leaving the job. Now I have nothing. I would like an insurance to provide my family with some income, and funeral expenses, if I might die that is affordable. I am a average income earner…..15 – 20 per hour so can not afford a large monthly payment. The banks offer a “no medical” policy that offers very little in case of death other than accident. They have a two year waiting period, which I don’t mind. If possible… Read more »

debbie smith
debbie smith

I have a mortgage line of credit for $224,000.00.I have not touched a drink of alcohol for 26 yrs or smoked in 33yrs. I am 56 in good health a little weight to lose. I have a physical job. Presently I pay TD $200.00 a month and I was told I pay too much. Could you provide information on life in. and 20 yr term.

Rakesh
Rakesh

Hello There, I already have a life insaurance and we think we are on wrong path. There was a lot of missinformation from my insurance agent. If you feel you can put us on right track kindly give us a call.Thanks in advance.
Truly ,Rakesh
(…)…-….

LSM Insurance
LSM Insurance

Hi Edwin,

Thanks for the note. Depending on your age, height and weight and blood sugar reading you could still qualify for standard rates. I’ll send you an email shortly. Thanks … Lorne

edwin moore
edwin moore

i have type 2 diabities for about 1 year now and it is very controlled with a pill medication gluburide

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