Canada Life My Term™: Clear Policy Details on CostPlus
Financial Strength
Founded: 1847 (Canada's first domestic life insurer)
Financial Rating: A+ (Superior) from A.M. Best
Canada Life is a cornerstone of the Canadian insurance market, known for its stability and broad product lineup. At CostPlus, we feature Canada Life's Term Life policies, like My Term™, so you can easily compare their guaranteed premiums and conversion options with radical clarity.
Key Features of Canada Life Term Insurance
Term Flexibility
My Term™ offers highly flexible term lengths, from 5 up to 50 years, allowing coverage to precisely match financial obligations like your mortgage or your children's dependency. Premiums are guaranteed not to change during the initial term.
Conversion Privilege
Their policies offer the option to convert your Term coverage into a Permanent Life policy until age 70, without needing new proof of health. This is a key flexibility feature we clearly highlight on your comparison results.
Rider Options
Customize your protection with riders like the Disability Waiver of Premium or a Child's Term Life Insurance rider, which offers increasing coverage for your children under one policy.
CostPlus Advantage
CostPlus shows you Canada Life's actual Term Life rates with zero markup. See how their stability compares to the market average now.
Our Trusted Insurance Partners
We work with Canada's leading insurance providers to bring you the best term life insurance options
