The easy way to buy
TERM LIFE INSURANCE...online!
Get covered within minutes

Why buy life insurance through EasyInsure?

LifeQuotePage

Right coverage at the right price

Quote the right coverage options for you, at the right price, quickly and easily online.

Calculate your needs

Answer a few questions to calculate exactly how much life insurance you need. No more, no less.

Apply online

Quote and buy online. Apply through EasyInsure and finish the entire process in minutes. No medical tests.

We make life insurance easy.

Get a quote in less than a minute
Apply online using your phone, tablet or desktop
No Medical
Choose the coverage you need or the coverage amount you can afford
Instant Issue if approved
Locked in Premiums - know your current and future premiums prior to purchase
No Commitment - You can cancel your coverage at any time
Free-Look Period - You can cancel your coverage for a full refund within the first 30 days
Speak to a Licensed Broker at anytime
Insure with one of the largest Life Insurance Companies in Canada

Ready to shop for life insurance?

Understanding life insurance

Would your loved ones be financially impacted if something happened to you? If the answer is yes, then you should consider how life insurance can give you and your family peace of mind.

What is Life Insurance?

Life insurance protects the financial future of the ones you love by paying a tax-free cash benefit to your beneficiaries. This money can help them:

  • Pay off loans, debts, mortgages
  • Maintain their lifestyle and pay day to day expenses
  • Pay for your children’s education
  • Cover funeral expenses

What about my work plan?

While you may have basic life insurance through work, the coverage may not meet your needs and typically ends when you leave your employer. With your own plan, you’re covered, regardless of what happens with your job.

Mortgage vs Term Life Insurance: Which is best?

There are many reasons why a term life policy is a better choice:

  • Premiums - with mortgage insurance, there are no discounts for being a non-smoker or for being healthy, everyone pays the same premium’s.
  • Underwriting - mortgage companies use “post-claim” underwriting, which means they’ll only decide if you qualify after a claim is made, at which point they may decide that you never qualified.
  • Declining Benefit - Mortgage insurance declines as you pay off your mortgage but the premiums remain the same.
  • Beneficiary - With mortgage insurance, the beneficiary is the bank, with personal term insurance you assign the beneficiary.
  • Portability - Mortgage insurance is tied to your home. A simple term policy is portable and covers you regardless of who your mortgage is with.
  • Consolidation of coverage - Mortgage insurance only covers your mortgage, a personal term policy can cover all your insurance needs (mortgage, income replacement, education, childcare etc)

Types of life insurance

Term life insurance

  • Term life insurance provides simple and affordable protection for a defined period of time when insurance needs are high but available funds are limited.
  • In the event of your death, the policy pays a cash benefit, tax free, to your beneficiaries.
  • The costs will never increase for the entire term.
  • Ideal for people who want to ensure debts, like mortgages or loans are paid off, childrens education needs are met or to replace a loved ones income if they were no longer able to support their family.

Participating life insurance

  • Participating life insurance provides lifelong protection, with an opportunity for tax-advantaged cash value growth
  • Amount of coverage and annual costs are guaranteed for life and you may be eligible to receive dividends which can buy more coverage, reduce your premium payments, earn interest inside the policy or be taken out as cash.
  • Ideal for people who want to supplement their retirement income, help pay for children’s education or increase their death benefit over time to keep pace with inflation

Universal life insurance

  • Flexible lifelong protection combined with an investment component that you choose and manage based on your risk profile and objectives.
  • You choose a guaranteed death benefit that will be paid to your beneficiaries
  • The money you pay goes into a policy fund that’s used to pay for the cost of your insurance. The remaining balance is invested on a tax advantaged basis from a variety of investment options.
  • Ideal for people who have maximized their RRSP contributions, want to enhance their estate for their children and grandchildren or are business owners looking for a tax-efficient way to protect the value of their business.

Disability Waiver of Premium

  • This benefit is designed to waive the premium if the life insured under the basic plan becomes totally disabled prior to attaining age 60 and is disabled for 4 consecutive months. Upon receipt of proof of disability, all premiums paid during the 4 month waiting period will be refunded.

Not sure how much life insurance you need?
Find out with our coverage calculator

Ask us anything.

Our in-house team of licensed life insurance experts are
available to offer advice when you need it.

Phone - (800) 679-2640 Ext 416

E-mail – info@easyinsure.ca