Term 100 is a permanent life insurance plan that offers lifetime protection at an affordable rate. This means no matter when you pass away, your loved ones are guaranteed a tax-free benefit. With up to $500,000 in coverage and guaranteed premiums, your family can use the payout for various financial needs, such as final expenses, income supplementation, debt settlement and more.
What sets our Term 100 plans apart
Lifetime protection - Instantly
Get lifelong protection without the wait. Our innovative process ensures your application is completed, submitted and approved effortlessly.
No medical exams – ever
Unlike traditional life insurance, our plans eliminate the need for physical exams, blood tests, or doctor's reports, simplifying the process of obtaining coverage like never before.
Paperless, headache free application
Say goodbye to mountains of paperwork life insurance used to require. Our streamlined process makes your application a paperless breeze.
Premiums never increase
Unlike some other permanent life insurance plans, with Term 100 your premiums are guaranteed to stay level.
Features of our plans at glance
Coverage up to $500,000
Eligibility age is 18 to 80
Lifetime protection
Premiums guaranteed to stay level
Term 100: Important questions you are asking
What is term 100 life insurance?
Term 100 is a type of permanent life insurance. Since it provides lifelong coverage, your beneficiaries will receive a tax-free benefit regardless of when you pass away, as long as the premiums are paid. It is one of the most affordable types of permanent life insurance since it does not include any cash or investment components.
Who is eligible?
Ages 18 to 80
Canadian resident
Premiums
What factors affect my Term 100 life insurance premiums?
Your premiums will depend on the following factors:
Amount of coverage
Age
Gender at birth
Smoking status
Answers to a health questionnaire
Are the rates guaranteed for Term 100 life insurance?
Yes! Your rates a fixed and are guaranteed to stay the same throughout the duration of the policy.
How long will I pay premiums for Term 100 life insurance?
Your premiums are payable till age 100. At that time the premiums stop, but the coverage remain in place.
What happens to my Term 100 life insurance premiums if I quit smoking after my policy is issued?
You can reapply for non-smoker rates to reduce your premiums.
How do I pay for my Term 100 life insurance policy?
You can choose to pay monthly or annually by credit card or pre-authorized debit.
Applying for Coverage
How do I apply for Term 100 life insurance?
Begin by requesting a personalized quote on our website. A licensed advisor will then contact you to evaluate your needs and budget, recommending the most suitable plan for you. If you are happy with proposed plan and rates, we can finalize your application immediately, and you can expect your policy to be issued, typically within 24 hours.
If I smoke, can I apply for Term 100 life insurance?
Yes, smokers can apply for this plan; however, rates will be higher compared to non-smokers. Please note you are able to reapply for better rates if you have been smoke free for 12 months or longer.
Can I cancel my Term 100 life insurance policy at any time?
Yes, you can cancel your policy at any time, with no penalties. There is a 10-day review period during which you will get a full refund of premiums. After this period no refunds are due.
Coverage Details
When does coverage start and end for Term 100 life insurance?
Your coverage starts on the effective date of your choosing. This is a lifelong coverage that does not end as long as the premiums are paid.
Can I reduce or increase my for Term 100 life insurance coverage?
You can decrease your coverage as your needs change. At this time it is not possible to increase the amount of coverage, as this would have an affect on the rate.
Is there any cash value with a Term 100 life insurance policy?
There is no cash value available with Term 100 life insurance. This fact makes it the most affordable type of permanent life insurance as you not are paying for additional features such as cash value, dividends and investment options.