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Term Life Insurance

Term Life Insurance

Term, or temporary life insurance is there when you need it most — like, when you have children, or decide to purchase a house. Term life insurance gives your loved ones the financial means to carry on if something happens to you. These products are affordable, even for those on a limited budget.

Term 10

This plan provides flexible protection at affordable rates and is convertible to permanent insurance until age 65. The life of the contract is 10 years and you are able to renew your contract every decade up to age 75 without medical exams or questions.

For coverage of $100,000 and up, you could qualify for a lower rate.

Term 10 (under $100,000)

Issue ages
Age range to be eligible to purchase the product is 15 days - 65 years.

Face amount
Total coverage amount available from $25,000 - $99,999.

Contract length
The contract is in force for 10 years.

Guaranteed level premiums
Premiums remain the same for the duration of the contract—10 years. They will not increase.

Guaranteed renewable 
You are able to renew your plan for a new term with no health questions or tests as each term expires, up to age 75.

Convertible 
You're able to convert the plan to a permanent Medavie Blue Cross product with no health questions or tests, up to age 65. 

Qualifying for coverage
You'll be asked questions about your medical history to qualify—but there is NO medical exam*.

Immediate death benefit
No waiting period before the death benefit is payable.

Premium amount 
Premiums vary based on how much insurance you want and whether you pay monthly or yearly. Minimum premium amount is $10 per month or $100 per year.

No cash surrender value should you decide to end your contract.


*Some medical testing may be necessary based on age and face amounts.

Term 10 ($100,000 and up)

Issue ages
Age range to be eligible to purchase the product is 18 - 65 years.

Face amount
Total coverage amount available is $100,000 and up.

Contract length
The contract is in force for 10 years.

Guaranteed level premiums 
Premiums remain the same for the duration of the contract—10 years. They will not increase.

Guaranteed renewable 
You are able to renew your plan for a new term with no health questions or tests as each term expires, up to age 75.

Convertible 
You're able to convert the plan to a permanent Medavie Blue Cross product with no health questions or tests, up to age 65. 

Qualifying for coverage  
There are two options for qualifying:

  • For the Regular plan, you'll be asked questions about your medical history to qualify—but there is NO medical exam*.
  • For the Enhanced plan, a doctor or nurse will perform an examination that may include taking blood pressure, blood tests and/or urinalysis. This may qualify you for better rates. Available for coverage amount over $100,000.

Immediate death benefit
No waiting period before the death benefit is payable.

Premium amount
Premiums vary based on how much insurance you want and whether you pay monthly or yearly. Minimum premium amount is $10 per month or $100 per year.

No cash surrender value should you decide to end your contract.



*Some medical testing may be necessary based on age and face amounts.

Optional riders

Any of the following riders may be added to a Term 10, Century Life or Whole Life 100 plan.

Family term rider
Extend coverage to your spouse and children at affordable rates. When children reach age 21, they can convert their coverage to permanent life insurance with Medavie Blue Cross, at up to five times its previous value—no matter what their health.  

Waiver of premium
If, prior to age 60, you become disabled (as defined in the policy) for a period of at least 6 months during the term of the contract, the premiums for your life insurance policy are waived for the duration of your disability.

Accidental death
This option provides an additional payment to your beneficiary should your death be the result of an accident. Provide your beneficiary with up to two times the amount of coverage included under your life insurance policy.


Looking for other options?


Questions? Ready to apply?

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