Term Life Insurance

Protect and support your loved ones

What is term life insurance?

Term life insurance can help provide financial protection for your loved ones for a period of time if you should pass away.

It is flexible life insurance coverage that can help to cover short-term or longer-term debts like car loans and mortgage loans, pay for other expenses like school tuition and small business planning or help with family income replacement.

Did you know?

We offer some of the lowest priced term life insurance products across the country.1

Term Life Insurance features:

Affordable rates
Benefit from rates as low as $10.58 per month for $250,000 of coverage.2

Flexible coverage amount
Choose from $10,000 up to $10 million of life insurance protection (depending on the product).

Rates guaranteed for each term
Fixed rate for each full term of coverage with increases at each renewal.

Renewable & Convertible
Coverage automatically renews at the end of each term. You can convert your fully underwritten term coverage into a permanent life insurance coverage anytime up to age 75.3

Easy payment options
Pay your monthly premium with automatic withdrawals from your bank account.

10-day review period
If you decide this coverage is not right for you, you can cancel within 10 days of initial policy delivery and any premiums already paid will be refunded.

Enrolment is currently not available in the province of Quebec and Nunavut.

Term life insurance coverage options:

Term 10

10 years of coverage if you are looking to pay mortgages, debts, final expenses or for small business planning.


Term 20

Helps protect your loved ones for the next 20 years for family income replacement, paying mortgages, debts, and final expenses.

Term 25

Provides insurance protection over a term that matches most new residential mortgages.

Term 30

The longest term insurance option that provides 30 years of coverage with guaranteed rates.

Policies issued by The Empire Life Insurance Company

Ready to apply?


Speak to an advisor today for Solution 10, 20, 25, and 30 Term Life coverages

  • Coverages available up to $10 million

Call us toll-free
Monday to Friday
8:00am-8:00pm ET


Convenient application for Simplified Term 10 and Term 20 products.

  • Coverages available up to $500,000
  • No medical exams