Empire Life Elite Term

Empire Life Elite Term is a term life insurance plan from Empire Life Insurance, available to residents of Canada. Sum insured ranges from C$100K to C$10M, eligible ages 18 to 70, and the policy is renewable & convertible. Below is our take on how it compares to other term life plans in our database — what it does well, where it lags, and the kind of policyholder it actually fits.

Annual premium starts at C$23, against a category median of C$22 across the 7 comparable term life plans we track in this country. That places Empire Life Elite Term in the middle of the pack on price, and the lower-mid range on coverage ceiling (maximum sum insured C$10M versus a peer median of C$10M). On the value spectrum it reads as priced near the category median.

Coverage breadth is in line with what most term plans offer: 3 core inclusions, 4 highlighted features, and 3 optional riders. Notable features called out by Empire Life Insurance include Mutual insurer, Competitive pricing Ontario, and E-App digital submission. On the rider side, Empire Life Elite Term can be extended with Critical Illness, Disability Waiver, and Children's Term — each adding to the base premium but also widening what the policy will pay out for.

Term life pricing is most sensitive to age, smoker status, and policy term, so the headline premium is illustrative only. Empire Life Elite Term accepts applicants aged 18–70, which sets the practical ceiling on policy term — for someone applying at 18, the longest possible cover runs through age 70. Whether the rate you get on quote will land near the illustrative minimum depends entirely on your underwriting bucket; non-smokers in the youngest cohort typically pay close to the floor, smokers and older applicants pay materially more. Empire Life Insurance's published claim settlement record is the metric that actually matters for term — the policy is worthless if claims are denied at maturity, and the difference between a 95% and 99% settlement ratio is the difference between routine claims paid and routine claims fought.

Where Empire Life Elite Term explicitly will not pay: Suicide within 2yr and Non-disclosure. These are not unusual exclusions for a term life plan, but they are the boundary of the contract — anything outside that list is in scope, anything inside is not. Read the full exclusions list before signing; every plan we have ever audited has at least one exclusion the buyer did not realise was there.