Term Life Insurance

Here at Life Insurance Pro, peace of mind and security are paramount. Just as we diligently maintain our health with regular exercise and nutritious eating habits, Term Life insurance offers a similar sense of assurance. However, despite these precautions, a notable portion of individuals still grapple with financial insecurities. A study conducted by Statistics Canada in 2023 revealed that 1 in 4 Canadians would face financial challenges if they were faced with an unexpected $500 bill. With current debt levels soaring to unprecedented heights, safeguarding your family's financial stability becomes imperative. At Life Insurance Pro, we extend our assistance to address these concerns.

Our Term Life insurance policies offer the certainty you seek, guaranteeing fixed premiums and uninterrupted coverage. Select a duration that aligns with your needs, whether it's 10, 20 years, or beyond. Many policyholders opt for these terms to alleviate potential burdens for their beneficiaries, such as consumer debt, a child's college education, or homeowner loans. In the event of your passing during the fixed term, our Term Life insurance ensures your beneficiaries receive a tax-free lump sum, providing much-needed support during challenging times and leaving behind a cherished legacy.

Choosing the right coverage hinges on various factors, including age, lifestyle, income, and family size. At Life Insurance Pro, we are dedicated to guiding you through this decision-making process.

Reach out to us by completing the contact form to receive a complimentary, no-obligation quote, and we'll promptly assist you.

Our Reviews

Excellent

4.8

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Based on 400 reviews from

★★★★★

Excellent service from Ummi.

Chris Paveley

★★★★★

Sahar provided a detail of my coverage was very courteous allowed me to review! After a couple weeks later we reconnected to secure!Great experience!

Dave Fabello

★★★★★

Thank you Sehar Bajwa, prompt helpful and professional.

hayam rozik

★★★★★

I got my out of country medical insurance assisted by Sahar. It was a pleasure workingwith her and will be contacting her for any future trips. Thank you Sahar.

Janet Fountain

★★★★★

Attended by Artmize, good customer service, puntual and very professional. Will continue making bussiness with her.

Edgar Montano

★★★★★

Sehar Bajwa was great and very knowledgeable. Sehar has been more than helpful over the last few years with my travel insurance needs. Thank you again Sehar.

Kevin Rodger

★★★★★

Sehar was super to deal with! she called with clarifications and any questions. Very happy with our travel insurance purchase. Hoping if we need to use it will be clear and easy too. Thank you Sehar we appreciate you

Deb Knight

★★★★★

Sehar Bajwa gave us a lot of attention over 2 days with a details sent by email and over the phone. We obtained exactly what we wanted for medical insurance for the trip. Thank you Sehar!!Mary Lou and Fred Crossan

Mary Crossan

★★★★★

I’ve dealt with Sehar for the last few years and she is knowledgeable and helpful when purchasing our insurance for our stay in Florida for the winter I highly recommend her

Rachel Blouin

★★★★★

Sehar was wonderful to deal with while buying medical insurance for our winter in Arizona. We had been having trouble securing insurance for my husband because of some health issues and she found a company very quickly that would cover him. Of course we always hope not to have to use our insurance but if we do I hope it goes as smoothly as when we purchased. Thank you Sehar!

Faye Libler (MacGIRLver)

★★★★★

Sehar Bajwa always followed up and double checking all prices and providers for the best insurance to fit our needs. Very patient and thorough, highly recommend her expertise

Linda

★★★★★

Quick, reasonable and the broker, Sehar Bajwa was helpful, knowledgeable and kind.Thank you Sehar!

Cindy Mathison

★★★★★

Sehar was a great help in sorting out my travel insurance, even while I was on the road, follow up was easy.Emergency medical and Trip insurance, got a great rate, tks again Sehar!

Donna Karjalainen

★★★★★

Service was excellent. Assisted in every way possible to clarify my needs.

John Fantin

★★★★★

I and my wife got travel insurance with help of insurance agent Sehar Bajwa. Tanks a lot for Sehar Bajwa for very professional and competent job.

Mikhael Chernitsky

★★★★★

Thanks Sehar for your knowledge and patience while I decided which package to take!! Well done!

Bandna Sawhney

★★★★★

I had a great experience with Sehar when purchasing my travel insurance.

Joy McDonell

★★★★★

Thank you Ummi, Alliance Income for her wonderful service, she was helping me with travelling insurance with professional manners, giving me options and advices that I felt very comfortable and confidence. The process was smooth and efficient, right after the phone call process, the policy was immediately delivered to my e-mail. I would recommend Alliance Income and agent Ummi. Thanks.

Katiana Lo

★★★★★

Spoke with Artmiz. Very knowledgeable and very professional. Answered all my questions.Would highly recommend her to family and friends...actually, I already did and my friend was very pleased with the service she received

Pam Singh

★★★★★

My dealings with both Adam and Theresa were handled in a professional prompt manner giving me confidence in Alliance. I hope never to have the need to use my coverage, but I would hope that the experience would be as good.

Eklove Shatner

★★★★★

Ummi was most helpful and informativewhen I purchased Trip Cancellation andInterruption coverage on September 19!

Stephen J. Rushford

★★★★★

Amazing service! Nice to talk with a real person and not just online. Great at changing my insurance with no issues.

Joanne Hunt

★★★★★

Artmiz was capable, responsive and punctual. A good experience!

Geoff Stiles

★★★★★

Once again Ummi has provided an economical rate and stress free service for my snowbird health insurance. Strongly recommend for price and revive many thanks

Elizabeth Bastable

★★★★★

Theresa helped me get medical insurance for my upcoming trips. She explained everything in detail making it an easy for me to make the decision!

christine Fox

★★★★★

Theresa Hauser provided excellent service - clear information and great support regarding travel insurance- both cancellation and interruption.

Don Wagner

★★★★★

Theresa was very helpful & answered all my questions. Very efficient & I received all the documents & information within minutes. Thank you Theresa

Irene Hartl

★★★★★

Quick and efficient process and very good, pleasant exchange with agent Theresa Heuser

Randy Klatt

★★★★★

Theresa is very helpful and efficient. I get all my insurance needs done seamlessly by this company.

Maria Cecilia Danganan-Landicho

★★★★★

Artmiz Namazi was a very nice person to deal with. She went far and beyond to help me to have the best deal. She understood my problem and made sure I knew it was solved. I will greatly recommend her to anyone searching for emergency travel insurance.

Catherine Poplawski

★★★★★

Theresa Heuser helped me with buying travel insurance today. She was amazing!! The process was fast and painless. I always find buying our travel insurance to be one of the most stressful things in getting ready to travel. Thank you Theresa for making it so easy for me.

Pat and Art Thorrougood

★★★★★

Theresa was prompt at replying, answering all my questions and very friendly and pleasant to deal with. She is an asset to your company.

Yvonne Fjaagesund

★★★★★

Great experience. Theresa Heuser And Sabrina Izdiher helped me with everything. Very helpful and awesome customer service

Gurasis

★★★★★

Great professional quick service!

Colleen Van Horn

★★★★★

It was good, customer service and the client dealing is best and also they get you good deals.

Ahtsham Saif

★★★★★

Theresa was very clear and helpful with our travel insurance questions.

Gabriella Klein

★★★★★

Theresa was very helpful and professional in all our dealings! Would recommend her highly.

Joyce Schaaf

★★★★☆

Theresa was very efficient, friendly and patient.

Sandra Perrin

★★★★★

Artmiz Namazi was an excellent person to deal with. She was very knowledgable and gave me excellent advice. Her quick response to my inquiries on line and over the phone were great. She was extremely helpful and friendly and gave 5 star service.The price for the insurance I needed was also excellent. Thanks Artmiz

Fran Smyth

★★★★★

Excellent product at a cheaper price than other providers.

Dale Crawford

★★★★★

Brilliant and professional support given by Artmiz. Very happy with our Travel Insurance Policy. Thank you

Sabir Parvaiz

★★★★★

I am So glad and happy to have the agent name Ummi to assisted me purchase our travel insurance, very pleasant and helpful. Introduced her to my friends, they were happy with the service too. Thanks Ummi. For sure will looking for you at next travel time.

Van Tran

★★★★★

Great people & service.

Dave Gobell

★★★★★

Great job, knowledgeable, very patient and tried her best to help me. Thanks Ummi for excellent customer service

Razija

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At Life Insurance Pro, we understand the paramount importance of family. Our top-tier insurance policies empower you to consistently support your loved ones, ensuring financial stability even in your absence.

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Here’s Why Canadians Need Life Insurance

Life Insurance serves as a protective shield for your dependents in the event of your death. This shields them from financial struggles and enables them to maintain their accustomed quality of life. Life Insurance becomes indispensable when your spouse, children, or other loved ones rely on you financially. Depending on the coverage selected, your Life Insurance policy can assist in covering or completely offsetting expenses such as funeral costs, outstanding debts, and even provide a steady income stream to your beneficiary. Furthermore, certain policies offer the flexibility to access your accumulated premium payments when needed. However, it’s crucial to note that failing to repay the withdrawn amount may result in a reduced payout upon your passing.

Types of Life Insurance in Canada

The primary Life Insurance policies in Canada consist of Permanent Life Insurance and Term Life Insurance.

Permanent Life Insurance

Also referred to as “whole life insurance” Permanent Life Insurance offers coverage for your entire lifetime. These policies guarantee a payout to the beneficiary upon the insured individual’s passing, provided that premiums have been consistently paid. They may also accrue cash value over time. With Permanent Life Insurance, premiums typically remain fixed.

Term Life Insurance

Term Life Insurance provides coverage for a specified period, typically ranging from 10 to 30 years. In the event of the insured individual’s death during this period, the policy pays out to the beneficiary, subject to premium payments. Term policies do not accumulate cash value, and premium rates may increase upon renewal.

Participating Whole Life Insurance

Similar to Permanent Life Insurance, Participating Whole Life Insurance offers lifelong coverage and a guaranteed payout to beneficiaries upon the insured individual’s death. These policies may generate dividends, providing an additional source of income. Premiums are usually fixed.

Universal Life Insurance

Universal Life Insurance offers flexibility in both coverage and premiums. Policyholders can adjust coverage amounts and premium payments over time to suit their changing needs. These policies provide a death benefit and may accumulate cash value, depending on investment performance.

Tips for Saving Money on Life Insurance

To maximize savings on Life Insurance, there are many different ways you can reduce your monthly premiums.

Compare Rates

Obtain quotes from multiple insurers to find the most competitive rates. Life Insurance Pro streamlines this process by providing quotes from major Canadian insurers.

Consider Your Age

Purchasing Life Insurance at a younger age typically results in lower premiums. Act before your next birthday to avoid increased rates.

Maintain Good Health

Individuals in good health qualify for lower premiums. Apply for a fully underwritten policy to secure favourable rates.

Quit Smoking

Smokers may face significantly higher premiums. Quitting smoking can lead to substantial savings on Life Insurance premiums and improve overall health.

Review and Renew

Regularly review your policy to ensure it meets your current needs. Consider converting Term Life Insurance to Permanent Life Insurance for continued coverage.

Term Life Insurance FAQ’s

Explore our FAQ section for quick answers to common questions about life insurance coverage, premiums, and policy management.

There are two primary types of life insurance policies available: Permanent Life Insurance and Term Life Insurance. Permanent policies ensure a payout to the beneficiary upon the insured’s passing at any time, provided that premiums have been consistently paid. Conversely, term policies pay out benefits only if the insured passes away within the specified duration of their policy.

Certainly. A beneficiary is the individual who receives the cash value of your death benefit. When purchasing your Life Insurance policy, you’ll need to name this person. You have the option to name multiple beneficiaries and allocate the cash value of your policy among them equally or based on a predetermined percentage. This flexibility is beneficial if, for instance, you intend to distribute the money among your children. In the event that a beneficiary predeceases you, you can designate a contingent beneficiary to take their place. Additionally, you have the option to select a charity as a beneficiary if desired.

The amount of coverage required depends on your preferences for your loved ones’ financial security and your current financial circumstances. Financial advisors typically recommend obtaining coverage equivalent to at least 10 times your annual salary if you are the primary breadwinner and have mortgage debt. Fortunately, increasing your coverage amount generally has a minimal impact on premiums. The cost of life insurance is determined by the level of coverage and benefits you seek, along with the age and health status of the insured individual. Young and healthy individuals in Canada may pay as little as $30 per month in premiums, but rates tend to rise with age and health concerns. That’s why it’s advisable to secure a life insurance policy while you’re still young and in good health to potentially lock in lower rates.

Yes, in most cases, you can change your beneficiary after purchasing a life insurance policy. Many insurers allow policyholders to update their beneficiaries by submitting a beneficiary change form. It’s important to keep your beneficiary designation up to date, especially after significant life events such as marriage, divorce, or the birth of a child. Be sure to review and update your beneficiary information regularly to ensure your wishes are accurately reflected in your policy.

If you miss a premium payment, your life insurance policy may enter a grace period during which you can still make the payment without penalties. However, if the payment is not made within this grace period, your policy may lapse, resulting in loss of coverage. Some insurers offer options to reinstate lapsed policies, but this may involve additional fees or medical underwriting.