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Term, permanent and no-medical options after 60.
You can buy life insurance well into your 70s and sometimes beyond, but options narrow and prices rise with age. Term policies have maximum issue and expiry ages, permanent policies last for life, and no-medical options trade speed for higher prices.
Seniors often buy coverage to pay estate taxes, leave a legacy, cover a spouse's income or replace a group policy that ends at retirement.
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Who it’s for
Coverage
Affordable coverage for a set period, within age limits.
Lifelong coverage for estate and legacy goals.
Simplified and guaranteed issue for faster approval.
Often used to pay estate taxes.
Before you buy
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Every request is matched with an advisor licensed in your province who compares insurers for you, explains the fine print and handles the application. No cost to you and no obligation to buy.
Learn before you buy
Term life gives the most coverage per dollar for a set period, while whole life covers you for life and builds cash value at a much higher price. Here is how to decide.
Read guide arrow_forwardBank mortgage insurance pays your lender a shrinking amount, while personal term life pays your family a level benefit and moves with you. Here is how to compare them at renewal.
Read guide arrow_forwardPermanent residents can usually buy life insurance much like citizens, and many work-permit holders and students can qualify too. Here is what insurers look at and how to prepare.
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