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.

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Oscar
Oscar

Can you get a Guaranteed Issue and a Regular Term plan

Kathy
Kathy

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

Calum
Calum

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

Brad MacKinnon
Brad MacKinnon

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.

Secret Sister
Secret Sister

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?

denis
denis

thank you.

Marlie
Marlie

I have this policy for some time now – since mid 1993 and not sure what is appropriate. I have a home, and a car with some debt, non-smoker, no children; single. … a month..the type of policy is this: Guaranteed Life Term-100 Non-Par – I’m not sure what this is anymore…hard to get a hold of my agent…

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Ron

Can I get an instant quote for disability insurance. I’m 52 Male NS and I’m looking for a $3500 a month benefit

ARLENE
ARLENE

I have many questions but personal can you email me. Thank you!

Sharon
Sharon

Hi i am writing you to find out more info about the grow up plan. my Granddaughter was just born and i wish to take out this plan for her. I already have one plan throught you for my Grandson who is now 4 Could you please give me more info on this plan Thank you
Sharon

ZarahV.
ZarahV.

I’m 28 years old, non-smoker (female). I am working as a Nurse here in Calgary. I do have a $250,000 term insurance with Industrial Alliance. I just bought a house in 2012 and my parents are living with me. I am thinking of getting both life insurance and critical illness insurance just in case something happens with me. (Death/Illness).
What’s the best insurance company and policy for me..? Thanks!

EMSILY BOLTON
EMSILY BOLTON

Please send a quote .
Thank – you,

Vincent
Vincent

Hi! I I appreciate you taking the time to actually read and answer questions. Some of the information out there is pretty murky. Thanks again.

A Francis
A Francis

Hello,

I am 57 and need to renew my existing policy, hope you can help.

I do smoke and am looking for about $100,000 of coverage.

Please advise accordingly, thank you again.

Cindy
Cindy

I have two nephew that were diagnosed with type one diabetes at four and ten years old. They are now in their twentys and purchasing a house together and are having difficulties in obtaining insurance. Where do you stand on this?

Cathy
Cathy

I am interested if finding out weather my husband and I qualify for life insurance. After watching an episode of Market Place! Carring life insurance on our mortgage made me in easy. My husband has had type 2 diabetes for approximately 13 years, which is controlled with medication. I am a 8 year breast cancer survivor. Our combined annual gross income has been approximately …. We currently have a mortgage of …. And a line of credit of …. Is there any way we can find affordable life insurance?

Alicia
Alicia

I am … years old. I have had type 2 diabetes for over 15 years now. I am currently on medication but no insulin. I want to know if I would be qualified to get life einsurance. I am also a non smoker. DOB: …… Please contact me at ….

sandeep
sandeep

appreciate if someone could contact me for critical insurance quote for my wife and I.
thx

Syed Raza
Syed Raza

Hi Sandeep,

Thanks for the note. I will send you a separate email with some information on how to obtain a Critical Illness insurance quote.

Daulat
Daulat

I would like to have a quote on Non Medical Insurance. I am currently 74 yrs old. Thank you

Gordan
Gordan

Please contact me about a 10 year term life insurance policy

Jennie
Jennie

Hi Im looking for a disability and critical illness insurance. I’m a healthy 31 years old female working as a Registered Nurse. I’m looking for $5,000 monthly benefit after tax.

Peter
Peter

hello how much it cost me to Buy life insurance for me and my kids
Thank you

Yasir
Yasir

I am 36 years old now. And I want to know which insurance is good for me. I have two kids 3months and 4 years. My wife is 28years. I am a non smoker.

Nooshin
Nooshin

Can someone comment if a family member or a friend has passed away and the life insurance company has paid the beneficieries easily or made the family suffer with a hundred excuses. In either case, please provide the name of the insurance company. Many thanks for your reply

Yvonne
Yvonne

I am … yrs old and my husband is … yrs old both in good health. We received a quote of $400/mth life insurance on $….. mortgage. Would like a quote on a 20 year term on $…. . Thanks.

Ray
Ray

I want a quot on $100,000,00 life insurrance .i am 66 year old , thanks Ray..

C. Cran
C. Cran

My husband and I don’t have any insurance. We are both retired and both have type 2 diabetis. It is controled with medications ,other than that we are both healthy. Do not smoke and drink very little. Looking for burial cost and help with living cost when one of us dies. I’m … and my husband is … . Is this possible for us or would it be too expensive.

Shannon
Shannon

As for us, my husband is 33yrs old.. non smoker and no health issues or pills. We just cancelled our mortgage insurance and have a baby on the way. We would like a policy for him for about 250K..Would it be whole or term or what. Thank you in advance.

Jennifer
Jennifer

Hi there,

My husband and I currently have 10 year term insurance that is renewable in a year. When we took the insurance, we were both smokers but both quit a few months after taking out the policies. Neither of us has smoked for nearly nine years now.
I am 46 (female) and my husband is 43 and has recently been diagnosed with Crohn’s disease. Where would we fall with regards to 20 year term life policies of $500 k each?

Yvonne
Yvonne

Would like small term policy. Am 58, female, non-smoker, managed hypertension Have current $50,000 on a retirement policy from employer which is only good to age 65. I am limited income and monthly premium needs to be affordable for me. Can you help please.

grace
grace

Hello,
I am 47 female non-smoker and general good health taking no medications. I am however overweight about 60-80 lbs over the “normal” range. I have no other medical conditions. Would I pass the medical requirement for term life insurance?