Term Life Insurance · Ottawa
Term life insurance provides protection for a defined period, while family costs, a mortgage or business commitments depend on you.
From application to renewal
Select a coverage amount, initial term and beneficiaries, along with any optional benefits available under the policy.
You pay premiums to maintain coverage. If you die while the policy is active and the claim is approved, the insurer pays the death benefit to your named beneficiaries.
Coverage may expire, renew at a higher premium or convert to an eligible permanent policy — depending on the contract.
Have a lifelong insurance need? Explore permanent and whole life insurance
Amount and duration
The amount should reflect the gap your resources would leave. The term should match how long those responsibilities may continue.
How much?
Household income, childcare and education costs that would continue.
Mortgage or rent, loans and temporary business obligations.
Savings, current policies and workplace benefits that may reduce the gap.
For how long?
Consider when children may become independent and debts may be repaid.
Choose protection that fits your current budget throughout the initial term.
Review any lifelong obligations before relying on temporary coverage alone.
Your health, budget and longer-term goals also help determine whether term coverage fits your plan.
Request a term life quoteBefore you apply
Many policies have guaranteed premiums during the initial term. Premiums may increase significantly if the policy renews. The schedule contained in the issued contract governs what you will pay.
Not every application requires an examination. The insurer may use health questions, prescription information, telephone interviews, medical records, testing or other underwriting evidence.
Workplace coverage can be valuable, but it may be limited, connected to your employment or insufficient for your family’s complete financial needs. Compare the benefit with your income, debts and future obligations.
Premiums may be influenced by your age, health, smoking status, coverage amount, initial term, occupation, lifestyle and the insurer’s underwriting decision. An estimate is not a guarantee of the final premium.
Review your coverage when you marry, separate, have a child, purchase a home, change employment, start or expand a business, take on significant debt or experience a major change in income.
Review your options with us
Bring your questions and existing policy details. We’ll explain suitable options and, if you proceed, support your application and future reviews.
Term life insurance guidance in Ottawa and neighbouring Eastern Ontario communities.
Important disclosure: This page provides general information and does not constitute insurance, legal, tax or financial advice. Coverage, premiums, renewal provisions and conversion options vary by insurer and are subject to eligibility, underwriting, exclusions and policy terms. Coverage takes effect only when confirmed by the issuing insurer. The issued contract governs all benefits and obligations.
