Term Life Insurance

Simple, Flexible, Affordable Life Insurance Options with Paramount Term Life Insurance by Insurance Supermarket International Inc.

The life insurance you need doesn’t have to be complicated. Get reliable coverage that flexes to fit your life with fixed premiums, easy approvals, and no medical exams over a 10 or 20-year term of your choice.

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What is Term Life Insurance?

Term Life Insurance provides Canadians coverage for a set period, either 10 or 20 years. If the insured person passes away during the decided term, their beneficiaries receive a tax-free lump sum payout.

Because the coverage is temporary, Term Life is often the most cost-effective and flexible insurance solution available. It’s ideal for Canadians seeking financial protection during key life stages like raising children, paying off a mortgage, or securing family income.

Key Features

No medical exams, no doctor’s reports or nurse’s visits

Fast, paperless application

On the spot approval for most applications

Benefit amount up to $500,000

Choice of coverage duration
of 10 or 20 years

Fixed premiums for the duration of the term

Option to renew with no additional health information

Fast, Easy, Affordable Coverage

Insurance Supermarket International makes applying and qualifying for reliable Paramount Term Life coverage easy with a streamlined digital application process free of medical exams, health updates, in-person meetings, and complex forms. It’s insurance that fits your life, not the other way around.

How Can Term Life Insurance Support You and Your Family?

Term Life Insurance gives Canadians peace of mind for you and your loved ones, helping to safeguard your family’s financial future in the case of the unthinkable.

Replace Lost Income: Term life insurance ensures your family can maintain their lifestyle and meet everyday expenses if you’re no longer there to provide.
Protect Your Family Home: This insurance option can be used to cover your mortgage balance to ensure your loved ones can keep living in your family home without financial strain.
Secure Your Children’s Education: Set aside funds for your children’s college or university education, helping them reach their goals without financial barriers.
Pay Off Outstanding Debts and Taxes: Eliminate large debts or estate taxes that could otherwise burden your family, preserving the legacy you intended for them.