Why Choose ThinkInsure For Your Term Life Insurance?
We often hear that life insurance can be confusing and difficult to grasp because there are so many options for life insurance – all of which provide different product features, benefits and financial advantages. If you’re not sure about which type of term life insurance is right for you and your family, a ThinkInsure broker will help you :
- Reduce The Worry & Hassle Of Buying Term Insurance : We’re licensed life insurance brokers and experts for term life insurance in Canada. We provide unbiased, professional recommendations and advice based on your needs to get you the best coverage and cheapest term life insurance premiums.
- Have A Superior Customer Experience : All ThinkInsure customers get a dedicated broker to take care of their life insurance needs. Your broker will be there when you need them and will help you compare term life insurance quotes and coverage.
- Save Time : We put our expertise to work for you. Our brokers all have in-depth knowledge of a wide range of life insurance solutions & products – term life insurance, permanent life insurance, universal life insurance, and more. You’ll get the best value for money based on your personal needs.
- Save Money With Cheap Term Life Insurance Rates : With over of 40 the top insurance companies in Canada, we will find the cheapest term life insurance quote to save you money.
What Is Term Life Insurance?
Term life insurance is the most straightforward and simple to understand life insurance options – also a reason why it is one of the most popular types of life insurance. As the name suggests, you purchase this life insurance product for a defined term (5 years, 10 years, etc.). If the insured passes away during this time period, benefits will be paid out.
Term life insurance provides high, short-term protection at the lowest cost for a set period of time. Term insurance is a very affordable option and suited to young families on a tight budget or to homebuyers holding a large mortgage.
Often you can extend your term insurance at the time of renewal – at a rate that is suitable for your age. The new rate could be much higher than your original policy, a reason why many people opt for longer term policies – which locks in your premium. At a certain point, you won’t be able to renew your term insurance due to your age or state of health. You’ll pay premiums on a monthly or annual basis, and there is no cash value to term life insurance.
Do you have other questions about term life insurance? Want to compare term life insurance quotes? Call a broker 1-855-550-5515.
Types Of Term Life Insurance Products
There are many different types of term life insurance products and coverage options to consider. These options allow for you to choose a policy that fits your needs and your budget. While some life insurance companies will have specific names for their term life insurance products, they generally are defined by the number of years of the policy :
- 5-year term life insurance
- 10-year term life insurance
- 15-year term life insurance
- 20-year term life insurance
- 30-year term life insurance
- 40-year term life insurance
- Term-to-65 life insurance
You will also have coverage options to choose from regardless of the length of term you choose. Coverage options, benefits, and other coverage will vary by company – a reason why it’s important to compare life insurance quotes now and at the end of your term.
When Should You Buy Term Life Insurance?
You should get a quote for term life insurance long before you need it. Term insurance gives you the comfort of knowing that your debts will be paid and you have provided financial security for those important to you. Term life insurance is a popular choice for people who :
- Have a mortgage or other large debts.
- Want flexibility – term life insurance can be converted.
- Need loss-of-income protection.
- Are concerned about affordability – term life insurance is the least expensive option.
- Want to cover their children’s post-secondary education.
- Run small businesses with complex situations or significant start-up debt.
Term Life Insurance Calculator - A Great Tool To Get A Term Insurance Quote
Are you ready to get a term insurance quote? Want to compare term life insurance rates? Using a term insurance premium calculator online is a great way to learn more about your term insurance options, compare pricing and find cheap term life insurance.
Learn more about our term life insurance calculator and how it helps you more efficiently compare life insurance options and save.
Compare Term Life Insurance Quotes Online
Want the cheapest life insurance in Canada? We all know that the best way to get the cheapest term life insurance rates with the benefits and policy options we want is to shop around. Great news – you can compare term life insurance quotes online right here!
Try our term life insurance quote tool and compare term insurance quotes online!
Advantages And Benefits Of Term Insurance Coverage
Why should you choose a term life insurance policy over other life insurance options such as permanent whole life insurance or universal life insurance coverage? Here are some of the key advantages of this type of life insurance :
- Term insurance costs the least of all life options initially.
- Strong, temporary protection during times of high financial risk.
- Time limited term so if you’re financial situation has changed, you don’t have to renew.
- Flexibility to renew if you still require short-term coverage.
- Low-cost protection and income security for partners, spouses or children.
- Term insurance may be able to converted to a permanent life insurance policy.
What Term Life Insurance Does For You
Term life insurance provides financial security for you and your family at a cost that you can afford. Term life can :
- Provide an immediate infusion of cash for an estate.
- Pay final expenses such as funeral or unpaid taxes.
- Provide an income for your loved ones.
- Pay off your outstanding debts – mortgages, business loans and taxes.
- Ensure a comfortable living standard for those you leave behind.
Term Life Insurance Companies
To ensure you have the most options when comparing term life insurance quotes and coverage options, ThinkInsure brokers have access to over 40 insurance companies across the country. Some of the top life insurance companies we work with include :
RBC Insurance : One of the largest bank-owned insurance companies in Canada, The Royal Bank Of Canada provides a number of term life insurance products including :
- RBC Simplified Term Life Insurance
- Term Life Insurance
BMO Insurance : One of the most well-known names in the finance and insurance industry, The Bank of Montreal offers flexible term life insurance product options, including :
- Easy Term life insurance
- insureNOW life insurance
Canada Life : Canada Life Assurance Company was our country’s first domestic life insurance product. Today, they offer simple and affordable term life insurance coverage.
Sun Life Financial : Sun Life offers a large selection of life insurance products, including term life insurance products over a variety of defined terms.
Manulife : A leading provider of life insurance coverage, Manulife offers an extensive selection of term life insurance products to choose from :
- CoverMe term life insurance
- CoverMe Easy Issue life insurance
- Manulife Quick Issue Term
- Family term
- Family term with Vitality
- Business Term
Learn more about the insurance companies we work with.
Tips For Purchasing Term Life Insurance
Saving money and getting the best rates for term insurance coverage is the goal. Here are some tips for our brokers to get cheap rates :
- Speak To A Professional : There are many options available to you with term insurance. Make sure that you understand the terms of your policy.
- Ask Questions : Don’t assume that you know the definition of terms in your policy. Ask for clarification about terms like disability, death benefit, and beneficiary.
- Understand The Different Types Of Life Insurance : It’s easy to get confused. Learn the benefits of one life insurance type over another.
- Review Your Needs Before Renewal : Review your life situation with your broker. Another type of life insurance coverage may be better for you at that time.
Term insurance provides valuable protection for you at a time when your financial situation is high risk. Buying term life will reduce your future financial insecurity risk and give you peace of mind.
Shop For The Cheapest Premiums And Rates - Get A Term Life Insurance Quote
At ThinkInsure, our brokers are ready and willing to help you with all your life insurance needs. Protecting your family’s future and getting coverage starts with a quote for term life insurance.
What are you waiting for?