Term Life Insurance in Canada
Affordable, Flexible Protection for Your Family's Future
Term Life Insurance is the most cost-effective way to protect your loved ones. Unlike permanent insurance, it covers you for a specific period—10, 20, or 30 years—when your financial obligations are highest.
At PankajBhatia.ca, we don't just sell policies; we help you build a safety net. Whether you need to cover a mortgage, replace your income, or ensure your children's education is funded, we find the right plan at the lowest possible rate.
How Does Term Life Insurance Work?
It is simple: you pay a fixed monthly premium for a set term. If you pass away during that time, your beneficiaries receive a tax-free lump sum payment.
- Flexible Terms: Choose coverage for 10, 15, 20, 25, 30, or even 40 years.
- Fixed Rates: Your premiums are guaranteed not to increase during your term.
- Convertible: Most plans allow you to convert to permanent insurance later without a medical exam.
Why Choose Term Life?
- Most Affordable Option: Ideal for young families, new homeowners, or those on a budget.
- Covers High-Need Years: Perfect for covering temporary debts like your mortgage or while your children are dependent on you.
- Tax-Free Payout: Your family can use the money for anything—paying off the house, daily living expenses, or university tuition.
Pay Annually & Save: Did you know? If you choose to pay your premium annually instead of monthly, many insurers offer a discount of up to 8%. That is roughly equal to getting one month of coverage for free every year!
Why Use a Broker vs. The Bank?
When you buy from a bank, you only get their product. As a licensed advisor (PFA, CHS) serving Ontario, BC, Alberta, and beyond, I work for you, not the insurance company.
I compare quotes from Canada's top insurers (like Manulife, Canada Life, RBC, and more) to find you the best coverage at the lowest rate.
- Your Health & Lifestyle: finding insurers that are friendly to your specific medical history.
- Your Needs: calculating exactly how much coverage you need so you don't overpay.
- Hidden Value: finding policies with built-in benefits like terminal illness, critical illness riders, and child protection riders.
Ready to Get Your Free Quote?
Don't leave your family's future to chance. It takes less than 2 minutes to see your rates.
Speak to an Expert:
Email Us: info@pankajbhatia.ca
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