Term Life Insurance provides coverage for a specific period of time, typically 10, 20 or 30 years. If the policyholder passes away during the term, their beneficiaries receive a tax-free death benefit.
Since coverage is temporary, Term life insurance can be the most affordable, flexible life insurance option for every Canadian.
Plus, thanks to ISI’s unique application process, Canadian residents can get instant term life coverage, without the need for no medical exams, agent visits or complicated paperwork.