Term Life Insurance


Term life insurance provides protection for a predetermined period of time, typically 10 or 20 years. This type of coverage is often used for mortgage protection, income continuation and business planning.

Most term life insurance policies are both renewable and convertible.

Renewable refers to a policy holder’s option to continue the policy beyond the initial coverage period of 10 or 20 years at a higher rate or premium. Depending on the plan you select, coverage can often be renewed every 10 or 20 years and extended up to age 75 or 85 without providing additional evidence of medical insurability.

The Convertible feature relates to the policy holder’s option to convert all or a portion of the benefit amount under a term insurance policy to a permanent plan at some point prior to policy expiry. Additional evidence of insurability is typically not required.

Term Life Insurance is a cost effective solution allowing you to implement the level of coverage you need to protect your family and your business.