Term 20 Life Insurance
Why consider Term 20 Life Insurance?
Is this coverage right for me?
Term 20 Life Insurance is great for:

Families with a new or existing mortgage

Individuals focused on more affordable coverage with future flexibility

Small and medium business owners who need to cover overhead and start-up costs
Term 20 Life Insurance options:

Solution 20Δ Term Life Insurance
- Coverage from $25,000 to $10,000,000
- Age eligibility to apply: 18-75
- Convertible to permanent life insurance up to age 75
- 10-day money back guarantee
- Application process with an Advisor
- If approved, majority of policies issued within 5 days
- Full underwriting

Simplified 20 Term Life Insurance
- Coverage from $50,000 to $1,000,000
- Age eligibility to apply: 18-55
- 10-day money back guarantee
- Application process without the need for an advisor
- No medical exams
- If approved, policy issued instantly and electronically
- Simplified underwriting
Term Life insurance is underwritten and issued by The Empire Life Insurance Company and distributed by BNS Insurance Agency Inc.
Compare all coverages
Term 10 | Term 20 | Term 25 | Term 30 | |||
Solution 10 | Simplified 10 | Solution 20 | Simplified 20 | Solution 25 | Solution 30 | |
Length of Coverage | 10 year renewable to age 752 Renewal Rate every 10 years is guaranteed |
10 years renewable to age 75 Renewal rate is not guaranteed until declared |
20 year renewable to age 653 Renewal Rate every 20 years is guaranteed |
20 years renewable to age 75 Renewal rate is not guaranteed until declared |
25 year initial term renewable to age 604 After year 25 renewal rate is guaranteed every year to age 85 |
30 year initial term renewable to age 555 After year 30 renewal rate is guaranteed every year to age 85 |
Amount of Coverage Available | $10,000- $10 million (depends on age) | $50,000-$1,000,000 (depends on age) | $25,000-$10 million | $50,000-$1,000,000 (depends on age) | $25,000-$10 million | $25,000-$10 million |
Age Eligibility to apply | 18-75 | 18-60 | 18-65 | 18-55 | 18-60 | 18-55 |
Convertibility | Convertible to whole Iife insurance | Not convertible to whole Iife insurance | Convertible to whole Iife insurance | Not convertible to whole Iife insurance | Convertible to whole Iife insurance | Convertible to whole Iife insurance |
What's not covered
Suicide is not covered during the first 2 years of coverage (or within 2 years after coverage reinstatement).
Scotia Insurance is a registered trademark of The Bank of Nova Scotia, used under license by BNS Insurance Agency Inc.
Term life insurance is underwritten and issued by The Empire Life Insurance Company and distributed by BNS Insurance Agency Inc.
All insurance coverage is subject to certain limitations, restrictions and exclusions outlined in the applicable Policy of Insurance.
Enrolment is currently not available in the province of Quebec and Nunavut