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Term Life Insurance Canada 2026 — Instant Estimates
Term life pays a fixed benefit during the term — the most popular, cost-effective life insurance in Canada. A healthy 30-year-old non-smoker pays about $22-35/month for $500k, 20-year term.
⚡ Minimal input: Age + sex + coverage
2026 sample rates
Estimates computed by the rate engine — ranges across all carriers
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Insurance pricing depends heavily on underwriting details (health, driving record, property specifics), so your actual premium usually lands within this estimated range. · /yr
What affects your premium
- ✓Age & sex: younger is cheaper; women usually pay less
- ✓Smoking: smokers pay roughly 2-3x non-smokers
- ✓Coverage & term: higher coverage costs more, but per-$1,000 rates drop
Term life calculator
Age / sex / smoking / coverage / term → live monthly comparison
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Free · as fast as 30 seconds · multiple carriers