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.
Discover why Canadians across the country trust the protection of a leading Canadian 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
$51
$82
$33
$23
$21
$22
$25
$32
$35
$54
$88
$74
$128
$47
$31
30
35
40
45
50
$71
$122
$44
$31
$29
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 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.
Yes, for many Canadians, the cost of term life insurance is worthwhile. The payout from term life insurance can be used to minimize financial burdens, such as mortgage payments, outstanding debts, childcare expenses, or to replace the loss of income. Your loved ones can focus on their wellbeing, rather than financial stress, as they adjust to navigating life without you.
With Blue Cross Life, you can choose an affordable term life insurance policy based on the amount of coverage and the monthly premiums that best fit your needs.
Medical questionnaires are a standard part of the life insurance application process. They help insurers understand your health history and assess risk before approving your coverage or setting your premiums.
The majority of applicants won’t need a medical exam. But if an insurer needs more information, they might request one. It’s an extra step in the process, but exams aren’t always a bad thing. In some cases, they can even lower your premiums. For example, if your tests show a pre-existing condition is stable and well-managed, an insurance company may view you as less risky to insure.
Life insurance is more affordable than you think! Term life insurance can start around $20-30 a month, but the exact cost of your monthly premium is determined by factors like your age, sex at birth, lifestyle habits, and medical history. For a locked-in monthly rate, you can ensure financial stability for your loved ones even if you’re not around.
Learn more about the average cost of term life insurance in Canada.
No. Once you buy a term life insurance policy in Canada, your rates are locked in for the duration of the term. You'll pay the same amount every month, regardless of your age or health condition.
Everyone’s life and financial situation is unique, so there is no one-size-fits-all answer for the right amount of life insurance coverage. Canadian financial experts recommend an amount equal to 7-10 times your annual salary as a starting point.
Having enough coverage is crucial to protect your family’s future, allowing them to reach the goals you had planned for without financial hardship. Here are some factors to consider when evaluating your coverage needs:
Term life insurance provides protection only for the years you need it, which makes your monthly payments lower than with lifelong premiums.
Longer terms (20-30 years) are popular with younger Canadians, or those with increasing financial responsibilities. Shorter terms (10-20 years) are a great option for Canadians nearing retirement, or those whose financial responsibilities will be decreasing.
Whether you need 10 or 30 years of coverage, you can build a safety net for the years your income and financial responsibilities are highest. Learn more about how to determine the right term length for your life insurance policy.
To qualify for term life coverage from a Canadian life insurance provider, you typically need to be a Canadian citizen or resident. Blue Cross Life also requires you to be physically located in Canada when you sign your policy contract.
If you don't currently meet these requirements, other providers may still offer financial protection. While some insurers may approve applications from non-Canadians, your coverage options may be limited.
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