You’re juggling a demanding career, supporting your family, and caring for aging parents—life can feel like a constant balancing act. Blue Cross Life makes securing your future simple, so you can focus on what matters most.
From your home to your savings, you’ve worked hard to build the life you love. As your priorities shift, it’s a good time to reassess what’s needed to protect your family’s financial future for years to come.
Your partner shouldn’t have to work years longer in your absence. Keep your financial resources intact, so your family can keep moving forward no matter what happens.
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Breathe easier knowing you’ve secured the mortgage, the bills, and the loans. The last thing you want is to pass expenses down to those who depend on you most.
Even if life insurance has been on the back burner, time is still on your side. Premiums can still be within reach, especially if you’re in good health.
Maybe your kids are grown and your home is nearly paid off. If you rely on mortgage life insurance, you may not see a need for term life coverage.
But whether you’re caring for aging parents, helping your children get on their feet, or paying off lingering debt, life insurance provides added security. Even as your priorities are shifting, term life coverage can offer mortgage protection and then some.
Here’s why term life insurance is the smarter choice.
Unlike mortgage insurance, term life insurance provides coverage that doesn’t decrease with your mortgage balance.
With a flexible lump-sum payout, your loved ones can use the funds to cover any financial obligations, not just a mortgage balance.
Your term life policy is portable, meaning your coverage stays with you even if you move or change mortgage lenders.
It’s true that life insurance premiums typically increase with age, but that doesn’t mean coverage has to break the bank. You can still lock in a lower rate in the years before retirement, especially if you’re in good health.
If you have some life insurance coverage from your employer, you’re off to a great start. But it may not be enough if you still have ongoing financial commitments.
An individual term life policy keeps you covered. Whether you change jobs, scale back your work, or head towards retirement, your plans are protected from any setbacks.
Applying for life insurance used to be complicated. Blue Cross Life is changing that. Our seamless digital process can take you from quote to covered in three simple steps, with expert support available every step of the way.
Pick the term length and coverage amount that suits your needs. Answer 4 quick questions to get a free, no-obligation term life insurance quote.
Tell us more about yourself and complete your application in under 20 minutes. Many eligible applicants are approved right away.
Review your terms, accept your coverage, and make your first payment without even leaving home. Your rate stays the same for the duration of your term.
Need support or advice? Our team of expert insurance advisors are ready to help by phone or email.
Get flexible, affordable term life coverage with Blue Cross Life:
Term lengths of 10, 15, 20, 25, or 30 years
Coverage amounts from $100,000 to $5 million
Rates that never change throughout your term
10% discount on first year rates when purchasing as a couple
Free cancellation at any time, with no fees or penalties
What expenses might be coming up in your future? Thinking ahead can help you secure the right coverage at the best rates.
Maintaining your lifestyle?
Supporting your dependents?
Healthcare costs?
Your coverage amount is unique to you. Here are some things to consider:
Debts (mortgage, credit cards, loans, children’s education)
Dependents (partner, children, aging parents, pets)
Other financial obligations (business expenses, retirement savings, final expenses)
We’re here to answer any questions you have, or if you need advice. Give us a call at +1 (866) 316-4458 (Monday-Friday, 9 AM - 5PM EST) or email us at service@life.bluecross.ca.
Term life insurance provides financial security for your loved ones if you pass away within a specific timeframe (the “term.”) It offers flexible protection at affordable rates for a limited period, making it a popular choice for many Canadians.
Planning for the future with term life insurance is a smart decision if you have dependents or significant financial obligations such as a mortgage. Your loved ones will receive a tax-free, lump-sum payout that can be used to cover lost income, daily living expenses, outstanding debts, or funeral arrangements.
Term life insurance differs from whole life insurance because it is only active for a set term, and typically has a lower monthly rate as a result.
Yes, life insurance rates tend to rise with age, along with the increased risk of health-related issues. But term life insurance can be more affordable than you think, even as you get older.
The only way to know exactly what your monthly premiums could be is to get a life insurance quote. With Blue Cross Life, you can get a free, no-obligation quote online in just a few minutes.
Great question! Term life insurance works the same way no matter your life stage, but things will probably look different in retirement. You may have elderly parents to care for, your dependent children may move out, and your income level will probably change.
Be mindful that workplace group life insurance benefits typically don’t carry over into retirement. Even if you aren’t retiring just yet, it’s worth reviewing your existing life insurance coverage, including any individual policies that may be nearing expiration. If you need to renew or top-up coverage, you can secure lower rates when you’re younger and healthier.
As you age, you might benefit from different coverage amounts or term lengths. You can layer on an additional term life policy if the need arises, or reduce your coverage as your financial responsibilities change. Term life insurance gives you flexible, affordable protection you can depend on and keeps pace with you as life evolves.
Owning a home and having financial dependents (like kids or aging parents) are only a few of the reasons to get coverage. Life insurance is a financial tool that protects the life you’ve built and all that’s still to come, no matter what that looks like. The payout can cover any outstanding debts, living expenses, and financial obligations. You’ll breathe easier knowing you won’t leave your loved ones with a financial burden if you’re no longer around.
Even if you have a pre-existing medical condition, you can still apply for term life insurance. Getting coverage can be more convenient and affordable than you think.
Pre-existing conditions can impact your rates and may require you to complete medical testing during the application process. It might seem scary and stressful, but the process is simpler than most people make it out to be. With Blue Cross Life, our team of expert advisors will guide you through each step. You won’t need a family physician or to find your own doctor or walk-in clinic. Once the necessary assessments are complete, your application will be finalized.
It’s important to be 100% truthful in your application. It can feel tempting to adjust details to get a lower rate, but misrepresenting yourself on an insurance application can result in a rejected application, a cancelled policy, or a denied claim—leaving your loved ones without the protection they were counting on.
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