Blue Cross Life helps Canadians protect what matters most with straightforward, affordable term life insurance.
Fast, free estimate: Get your personalized term life policy quote in minutes.
Buy online, anytime: Purchase your policy from home, on your schedule.
Flexible coverage: Protection that makes sense for you.
See why thousands of Canadians from coast to coast choose Canada’s Most Respected Life Insurer.
Rates never change throughout your term.
Term lengths from 10 to 30 years.
Coverage from $100,000 to $5 million.
30-day grace period for missed payments.
10% discount on first-year premiums for couples.
Free $10,000 coverage for each of your dependent children.
Automatic renewals for no-gap coverage.
100% tax-free payout for beneficiaries.
Free cancellation at any time, no fees or penalties.
30-day money-back guarantee.
Female
Female
Age
$50.81
$81.54
$32.85
$22.59
$20.88
$24.59
$27.18
$35.32
$37.61
$57.59
$94.81
$78.71
$134.97
$49.65
$33.48
30
35
40
45
50
$70.65
$121.68
$44.19
$30.92
$29.21
Male
Male
The average term life insurance cost for Canadians can vary based on the term length, coverage amount, and insurance provider. Premiums tend to increase with age, but Blue Cross Life offers affordable term life insurance quotes that won’t break the bank.
Get affordable term life insurance rates and flexible coverage you can trust with Blue Cross Life.
Financial security in the event the policyholder passes away
Lump-sum, tax-free payout can be used to minimize financial burdens
Cover the cost of mortgage payments, outstanding debts, child expenses, or lost income
Monthly premiums for less than the cost of a dinner out
Protecting your family’s future has never been easier. Blue Cross Life provides instant term life insurance quotes to Canadians with just a few clicks.
Answer four quick questions to get a free, no-obligation term life insurance quote online.
Complete your application in under 20 minutes. Most eligible applicants are approved right away, and about 50% of applicants don’t need any medical follow-ups.
Review and accept your terms, then make your first payment to activate your coverage—all done online.
Need more help finding the right term life policy for your family or with your application? We’re here to help.
Email us at service@life.bluecross.ca, or speak with a licensed Canadian advisor at +1 (866) 316-4458 (Monday-Friday, 9 AM - 5 PM EST).
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Can’t find the answers you're looking for? We're here to help. Speak with a licensed Canadian advisor at +1 (866) 316-4458 (Monday-Friday, 9 AM - 5PM EST) or email us at service@life.bluecross.ca.
Term life insurance offers financial security for your loved ones if you pass away within a specific timeframe (the “term”). Its affordable rates and flexible coverage for a specified duration make it a popular choice for many Canadians.
Term life insurance differs from whole life insurance because it is only active for a set term (10, 15, 20, 25, or 30 years) and typically has a lower monthly premium or rate as a result.
Planning for the future with term life insurance is a smart decision if you have dependents or significant financial obligations such as a mortgage. It provides comfort, knowing your loved ones will receive a tax-free, lump-sum payment to help manage the loss without additional financial strain.
Term life insurance is designed to provide your loved ones who depend on you for financial support with financial protection for the term length you’ve chosen, typically 10-30 years.
In the event the policyholder passes away during the term, a term life insurance policy can cover expenses through a 100% tax-free, lump-sum death benefit paid out to the beneficiaries. The payout amount and length of coverage will depend on the plan you choose when you buy your policy.
When the term of your life insurance policy ends, your coverage will also end. This means if you pass away after the end of your term, your beneficiaries will not receive a payout or death benefit. At this point, you can purchase a new policy or choose to go without coverage.
Some life insurance providers, like Blue Cross Life, offer automatic renewal when your policy ends. This way, you never have to worry about going without coverage. Note that renewal rates tend to be higher than the rates of your initial policy.
No, there is no cash value with a term life policy. Once your term ends, your coverage also ends, and there is no payout or refund of premiums paid. Policies that do build cash value—like whole life or universal life—are generally more expensive. That’s because they’re designed not just to provide insurance, but also to build savings or support long-term financial planning goals.
Term life insurance is similar to car or home insurance. It provides financial protection for your family and loved ones if you pass away during your specified term. You wouldn’t receive a refund on your car or home insurance if you never make a claim, and term life insurance is the same.
Yes, for most Canadians, buying term life insurance is worth it. It offers the beneficiaries financial security if the policyholder passes away. The insurance payout can be used to minimize any financial burden, such as mortgage payments, outstanding debts, child expenses, or to replace the loss of income. Your loved ones can focus on their wellbeing instead of financial stress as they adjust to navigating life without you.
Term life insurance is widely considered to be the most flexible and cost-effective form of life insurance, but it all comes down to finding the right plan for your needs.
Term life insurance benefits will be paid to anyone you choose as your beneficiary. It’s common for people to designate a spouse, children, family members, or elderly parents who are financially dependent as beneficiaries.
If the policyholder passes away during the term, the beneficiaries will be financially protected with a tax-free, lump-sum payment— also referred to as the death benefit. The money can be used to cover lost income, pay for extra expenses, settle debts, or take care of any other financial needs during a difficult time.
Yes, term life insurance covers accidental death as well as most other causes of death. However, it’s important to fully understand the coverage for your specific policy.
Keep in mind that term life insurance typically doesn’t cover suicide within the first two years of the policy (an industry standard.) Each provider will have unique terms and conditions, so be sure to review your policy carefully and ask questions to avoid confusion.
Our advisors can help answer any questions about a Blue Cross Life insurance quote or policy.
Term life insurance provides coverage only during the policy term. If you pass away after the term ends, no death benefit is paid out.
However, policies with renewal features automatically extend your coverage past the initial policy term, ensuring continued financial protection as long as premiums are paid. This way, your beneficiaries remain protected even after the initial term expires, though premiums may increase with each renewal.
® Registered Trade-mark of the Canadian Association of Blue Cross Plans, an association of independent Blue Cross Plans. TM Trade-mark of the Canadian Association of Blue Cross Plans, an association of independent Blue Cross Plans. Used under license by Blue Cross Life Insurance Company of Canada (Blue Cross Life®).
Term Life and Critical Illness Insurance products are underwritten by Blue Cross Life and distributed by PolicyMe Corp.
Canada’s Most Respected Award is conducted by DART I & C and powered by Maru Public Opinion. Results and award information are posted at www.canadasmostrespected.com.
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