Life insurance Canada quotes provided to Quebec residents living in the Greater-Montreal area.


Healthy, or hard to insure get Canada's cheapest term life or whole life insurance quotes.

Life insurance policies differ and so do prices. We compare Canada's top 20 rated life insurance companies, so you pay less

Our Montreal based life insurance agency has been servicing Quebec residents living in the Greater-Montreal area since 2004. Let us help you sort out your life insurance, our licensed agents have 15 years plus experience.


What affects life insurance prices.

There are 2 types of life insurance products, term life or whole life policies. There are 3 ways to qualify for life insurance and prices are determined by risk factors. Choosing the best fit life insurance policy, life insurance company and qualifying method will save you money.

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Important factors that determine life insurance rates

  • Your health
  • Age
  • Whether you smoke
  • Amount of insurance coverage
  • Duration of coverage, either a predetermined term or lifetime coverage

Compare term vs whole life insurance and learn how to qualify for life insurance and save money

Get a personalized life insurance quotes and pay less.

Permanent life insurance policy comparison +
Whole life insurance, term to 100 and participating policies provide lifetime protection at fixed rates, let's compare.

What is whole life insurance and how does it work?

Whole life insurance provides permanent lifetime protection at guaranteed fixed rates. The coverage will never expire and the premiums will never increase.

There are 3 types of permanent life insurance policies:

  • Term to 100 often called “straight life” or ordinary life”
  • Whole life insurance
  • Participating policy
TERM TO 100 LIFE INSURANCE POLICIES EXPLAINED

The cheapest type of permanent life insurance policies. You’re insured as long as you pay your premiums The policy does not include a built-in savings component. Hence if you cancel you’ll receive nothing in return

WHOLE LIFE INSURANCE NON PARTICIPATING POLICIES EXPLAINED

Features insurance that are level and are required to be paid as long as the insured is living, In the early years the premium is more than enough to cover the cost of insurance. The excess amount paid in the early years including interest compensates for the deficiency of premiums in the latter years. these excess premiums are invested by the insurance company, creating the cash value component of the policy.

Limited payment whole life insurance:

  • Lifetime protection but requires a limited number of premium payments, for example 10 years or 20 years.

How cash values accrue and when are they payable?

Once the cash values become available the insurer will offer 3 payout options, assuming the premiums are paid:

  • 1 upon death the full death benefit amount will be paid to the designated beneficiary.
  • 2- a surrender value in the form of a cash payment will be made should the policy owner decide to terminate the policy before maturity.
  • 3- a reduced paid-up insurance amount( reduced death benefit) will be paid to the designated beneficiary should the policy owner decide to terminate paying premiums.
PARTICIPATING WHOLE LIFE INSURANCE POLICIES THAT PAY DIVIDENDS EXPLAINED

PARTICIPATING POLICIES ARE WHOLE LIFE INSURANCE POLICIES THAT have the potential for earning dividends In general when you purchase a participating policy the premiums paid go into a participating account Dividends are declared by the insurer’s board of directors and will depend on such factor’s as investment returns, mortality experience and insurer expenses.

The policy values are made up of two components guaranteed values which accrue from the whole life portion and non guaranteed cash values which are created from the participating account’s return on investment and paid by way of dividends.
When the insurer credits, dividend amounts, most often the amounts are added to the sum insured and the surrender values of the policy.

Who is a participating whole life policy for:

  • people wanting both the sum insured and the cash value to grow over time
  • those who would like the option to access cash values to supplement their retirement income
  • estate planning for parents and grandparents who want to maintain or grow the value of their estate
  • great starter up life insurance plan for children

What to consider when evaluating a participating policy:

  • participating policies are the most costly of the permanent insurance products but have the potential to provide the best value overtime.
  • The dividends accrued are not guaranteed and over time will fluctuate up and down. The dividends projected in the illustration of coverage should reflect the short to mid-range experience of the insurer’s participating account
  • An ideal solution for the young as the cost of insurance is low due to age and the potential for dividend accumulation over time can be substantial.
  • mid to high income earners who are looking for a tax-deferred investment vehicle other than RRSP's and a no hands on management by the policyholders.
Term life insurance +

Term insurance premiums are renewable at the end of the term of the policy’s anniversary date. The most popular term options are a 10-year term, a 20-year term, or a 30-year term. They provide short to long-term value, best option during your working years.

Permanent insurance premiums, and coverage are guaranteed for life, the premiums payable can be either lifetime or limited to a fixed number of years.
Example, can be limited to a 20-year payment period and free of payments thereafter.
Permanent insurance provides the best long-term value as it provides lifetime coverage at fixed rates. Best option for people aged 50 plus.

Term insurance provides cheap life insurance coverage but they do come with some risk. Choosing shorter-term insurance options are cost-effective in the short-term but are the most costly in the long-run.

Let’s say you were to extend the coverage at the end of the predetermined term, you’ll face higher costs as your age increases and your health changes.

So don’t underestimate how long you’ll need the term coverage for.

WHEN CONSIDERING TERM LIFE INSURANCE THINK LONG TERM.

People carry mortgages longer and tend to have higher debt ratios than previous generations.
Tendencies suggest that Canadians will need term life insurance throughout their prime working years(until retirement).

Thinking long-term can save you money and assure you peace of mind.

How to qualify for life insurance and save money +
Which of the 3 qualifying methods best reflects your medical profile?
  • no medical exam life insurance products
  • guaranteed issue life insurance options
  • standard issue (may require medical exams)

No medical exam life insurance and guaranteed issue life insurance policies provide insurance alternatives to persons whose medical profile or lifestyle make it otherwise difficult to get life insurance.

  • Simplified issue,to qualify you’ll need to answer ”no” to a series of medical questions, no medical reports, nor medical exams are required.
    Prices vary according to the insurer’s medical questions.
    Excellent option for people with minor medical conditions which are controlled with medication. Competitive market.
  • Guaranteed issue, no medical questions asked, ideal candidates, are people with important and recent pre-existing medical conditions. The premiums are expensive and a restriction most often applies. Should death occur within the first 24 months of coverage, the premiums paid will be reimbursed with interest. No restrictions apply after 24 months.
  • Standard issue, depending on your age, sum to be insured and insurance carrier, the underwriting process may require medical tests and medical reports.
    Most competitive niche, the largest number of insurance options and carriers provided.
    The cheapest way to qualify for life insurance.