The Best Term Life Insurance Companies in Canada in 2023

Introduction

It's no secret that life insurance is an essential way to provide financial security for your family in the event of an unexpected death. In Canada, term life insurance is the most popular form of life insurance and is designed to pay out a lump sum to your beneficiaries in the event of your passing. But with so many term life insurance companies to choose from, it can be difficult to decide which one is best for you. Fortunately, we've done the research for you and have compiled a list of the best term life insurance companies in Canada in 2023.

Top 5 Term Life Insurance Companies in Canada

1. Manulife: Manulife is one of the largest and most trusted life insurance companies in Canada. They offer competitive rates and provide excellent customer service. Their term life insurance policies can be tailored to fit your specific needs and they offer a variety of additional features, such as an accelerated death benefit and a living benefit rider.

2. Sun Life Financial: Sun Life is another big name in the life insurance industry. They offer term life insurance policies with competitive rates and a variety of additional features, such as a return of premium rider and a terminal illness rider. They also have an excellent customer service team that is available 24/7.

3. RBC Insurance: RBC Insurance is one of the most recognizable brands in the life insurance industry. They offer a variety of term life insurance policies with competitive rates and a wide range of additional features, such as an accelerated death benefit and a living benefit rider.

4. Desjardins: Desjardins is a well-known Canadian insurance company that has been around for over 100 years. They offer competitive rates on their term life insurance policies and have a wide range of additional features, such as an accelerated death benefit and a terminal illness rider.

5. Industrial Alliance: Industrial Alliance is one of the most trusted life insurance companies in Canada. They offer competitive rates and a variety of additional features, such as a return of premium rider and a terminal illness rider. They also have an excellent customer service team that is available 24/7.

Conclusion

We hope this article has been helpful in guiding you to the best term life insurance companies in Canada in 2023. Remember that life insurance is an important way to provide financial security for your family in the event of an unexpected death, so it's important to choose the right company for you. Be sure to compare quotes from multiple companies before making your final decision.