What is term life insurance?
Scotia 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:
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.
Coverage is currently not available in Nunavut.
Scotia Term life insurance coverage options:
Scotia Term Life insurance is underwritten and issued by The Empire Life Insurance Company and distributed by BNS Insurance Agency Inc.
Scotia Insurance is a registered trademark of The Bank of Nova Scotia, used under license by BNS Insurance Agency Inc.
Scotia Term life insurance is underwritten and issued by The Empire Life Insurance Company (Empire Life) and distributed by BNS Insurance Agency Inc. The Empire Life Insurance Company: 259 King St East, Kingston, ON K7L3A8, Tel: 1-877-548-1881, www.empire.ca
All insurance coverage is subject to certain limitations, restrictions and exclusions outlined in the life insurance policy.
Coverage is currently not available in Nunavut