Compare Term Life Insurance in Canada
Compare term life insurance plans. Evaluate coverage amounts, claim settlement ratios, rider options, and premiums.
Educational Information Only
Data collected from publicly available sources for educational purposes only. Premium figures are illustrative. Verify all details with the insurer directly.
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Side-by-Side Comparison
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| Feature | ManulifeManulife Term InsuranceNeeds review · 2026-04-03 | Sun LifeSun Life Go TermNeeds review · 2026-04-03 | Canada LifeCanada Life Term Life InsuranceNeeds review · 2026-04-13 |
|---|---|---|---|
| Cover range | N/A – N/A | N/A – N/A | C$100K – C$10M |
| Premium* | C$20 – C$60/yr | C$18 – C$55/yr | C$25 – C$80/yr |
| Entry age | 18 – 65 yrs | 18 – 65 yrs | 18 – 70 yrs |
| Claim ratio | — | — | — |
| Renewability | Annual | Annual | Renewable & convertible |
| Riders |
| ||
*Premiums are illustrative only, sourced from publicly available data. Actual premiums vary by individual. World Best Insurer does not sell insurance. Verify with the insurer directly.
All Term Life Insurance Plans in Canada
Cover
N/A – N/A
Premium*
C$20/yr
- Canada's Largest Insurer
- Conversion Option
- Flexible Terms
Cover
N/A – N/A
Premium*
C$18/yr
- No Medical Exam Option
- Online Application
- Quick Approval
Cover
C$100K – C$10M
Premium*
C$25/yr
- Largest Canadian insurer
- T10/T20/T30 options
- Group/individual
Cover
C$100K – C$10M
Premium*
C$22/yr
- Competitive Québec pricing
- T10/T20/T30
- Digital issuance
Cover
C$50K – C$5M
Premium*
C$24/yr
- Co-operative ownership
- Bundled with P&C discount
- Community focus
Cover
C$100K – C$10M
Premium*
C$23/yr
- Mutual insurer
- Competitive pricing Ontario
- E-App digital submission
Cover
C$50K – C$5M
Premium*
C$21/yr
- Atlantic Canada specialist
- Francophone community focus
- Mutual insurer
Cover
C$100K – C$10M
Premium*
C$24/yr
- Fraternal benefit society
- Community giving programs
- Member scholarships & grants