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

★

Based on 514 reviews from

★★★★★

Dornaz got me a less expensive plan and canceled the one I mistakenly purchased. She was very professional and completed things in a quick efficient manner. I’ll be back next year.

Stewart Clow

★★★★★

Very obliging and helpful. Will go back again when needed .

Barbara Whates

★★★★★

I have used Dornaz for several of my group trips, always helpful. Enjoy dealing with herThank you

Lynda Russell

★★★★★

Artmiz was quick, efficient and she made the process of booking travel insurance a BREEZE. I highly recommend Alliance for your travel insurance needs.

Sam Crosby

★★★★★

Thank you Dornaz, your help was effective and clear .

George El Khal

★★★★★

Agent was very helpful, polite and efficient.

Ron Benvenuto

★★★★★

Dornaz was exceptional in helping me with getting both my travel and medical insurance. She was always available to answer all my questions and concerns and the whole process went smoothly. I would highly recommend Dornaz to anyone looking for travel insurance.

Ann Cox

★★★★★

Thank you Artmiz for pulling everything together so quickly for me.Your professionalism and level of service is second to none.I have purchased coverage a few times traveling across Canada, the US and Europe.Thank you again Artmiz 😎

Frank Marchionda

★★★★★

Very efficient and provided just the coverage we needed.

Bonnie Winchar

★★★★★

Ms. Dornaz Samiei is a great person, very professional to contact for your travel medical insurance in the future. I highly recommended her great services with a very good understanding and caring. Thank you Dornaz.Minh L. NguyenEdmonton, Sept. 16, 2025

MinhLuong Nguyen

★★★★★

Sehar Bajwa was very helpful in finding us travel insurance. I did shop around and compared policies. She answered all my questions and got me the best price.

Ettie Van Dijk

★★★★★

Dornaz was excellent helping my mother get travel insurance for her upcoming weekend trip. Highly recommend her and Alliance Income Services Corp

Craig Stewart

★★★★★

I found Dornaz very helpful at brokering the best travel insurance from various vendors that will meet my personal needs

Barb Kraler

★★★★☆

Just dealt with Sehar Bajwa to obtain a travel insurance for myself and my spouse, she was very patient and answered all my questions that I had. My insurance was completed within minutes and confirmed, she got me the best price compared to other insurance companies that I contacted.Thank you Sehar and all the best.

Manuel Araujo

★★★★★

Today I had the pleasure of dealing with one of your agents, Dornaz Samiei, to obtain travel insurance for an upcoming trip. Dornaz was knowledgeable, professional, courteous and cheerful in her interaction with me. It was a real pleasure being served by a representative with these desirable qualities. You are very fortunate to have her as an employee. Please convey my appreciation to Dornaz for a job well done!David Penney

Dave Penney

★★★★★

I was a pleasure working with Dornaz getting our travel insurance. She was so pleasant and helpful and took the time to shop for the best deal. We lost connection and she called back immediately which is getting to be a rare trait these days. Muchly appreciated and thanks.

Ron Synchena

★★★★★

My experience with Alliance Services Corp. Everything was excellent, and the agent I interact with was really up to his game. He answered all my questions clearly and helped me out.

Frontline Arctic Security

★★★★★

Dornaz and other Alliance agents have provided exceptional service. Thank you Alliance, (price was good too). Bozena E.

Ella

★★★★★

Our agent Artmiz was very knowledgeable and answered all of our hypothetical travel scenarios with ease. The premium savings were significant because Allianz offers "top-up" products to those of us who have existing coverage, but need more.

Catherine Onishi

★★★★★

Dornaz helped me with extended travel insurance, she found me an excellent rate! She was very kind and professional. In the future Dornaz will be my go to agent. Best Wishes Dornaz!

Linda Taylor

★★★★★

Dornaz is great agent!

Kawtar Manyari

★★★★★

Artmiz was very professional and quick to answer all my questions . She was very knowledgeable of her products. Thanx Artmiz

ron raymer

★★★★★

Dornaz was informative, efficient and thorough. She found the best rates with options

stephen ott

★★★★★

Dornaz and Alliance has treated me well so far. Trip doesn't happen until the fall

Wayne Kemp

★★★★★

Sehar Bajwa was my agent providing trip cancellation, interruption and baggage insurance for an upcoming international flight. She was very thorough and patient providing me with the information required to make this a smooth and quick transaction. Thank you Sehar.

Geri Fazakas

★★★★★

Very informative and willing to find us the best quote to suit our needs.

Gary

★★★★★

Sehar bejas looked after my travel insurance in a pleasant, knowledgeable and professional manner

Ingrid Cameron

★★★★★

Sehar was very patient with me and explained different options for our travel requirements. We saved money buying travel insurance through your company. Thank you Sehar!

Marilyn Kelly

★★★★★

Great advice.

Denise Keep

★★★★★

Dornaz was great at finding good medical coverage for myself and daughter.thanks so much

Ellen Wilson

★★★★★

Had a great experience working with George. He was able to save us money on our Group Insurance policy. Professionalism, great communication and great follow up. Thank you.

Gregory van Duyse

★★★★★

I always get great service from R'ceino and Artmiz that's why I keep coming back to your company for our family's travel insurance. Thank you.

Doris Concepcion

★★★★★

Dornaz eas extremely helpful and a pleasure to deal with.

Kathryn Kates

★★★★★

I dealt with Dornaz regarding our medical insurance during our trip to Europe.Found her to be knowledgeable, polite and patient .

Etienne Pinto

★★★★★

I appreciate the patience with me and quick and great service. I feel much better now that this part of the process is over

Debbie Cain

★★★★★

VERY KNOWLEDGEABLE, HELPFUL, AVAILABLE. GREAT TO WORK WITH!

anne chang

★★★★★

Dornaz was the agent that reached out to me. She was helpful and explained the travel coverage to me. I decided to purchase the coverage. She was helpful and patient.

Cindy Kent

★★★★★

Dornaz answered promptly. She was knowledgeable and provided exceptional service.

Betty McNaught

★★★★★

Sehar Bajwa helped me secure the additional top-up trip cancellation/interruption and baggage coverage (aka the non-medical package) for my upcoming vacation. She was knowledgeable, helpful, and quickly answered my questions. And when our call dropped she immediately called me back. It was a pleasure working with Sehar. She made shopping for and purchasing travel insurance simple and easy. Allianz (aka Alliance Income Services Corp) has the best value for travel insurance.

Pamela MacCrostie

★★★★★

I've just purchased comprehensive travel insurance from Agent Sehar Bajwa. What a pleasure to work with her. Sehar's professionalism and patience were outstanding start to finish!! Communications, documentation and follow-up were very clear.

Brenda Ciolfi

★★★★★

I’ve had the pleasure of dealing with Sehar Bajwa for all my travel insurance needs. She is unfailingly pleasant and professional. I will continue to count on her knowing that I’m in very capable hands.

Chris Penny

★★★★★

Excellent service from Sehar Bajwa. Not pushy answered questions and got the policy to me quickly. Thank you

Ingrid Swenker

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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.

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