Questions? Call 514.876.8916
or APPLY ONLINE!

Let us save you weeks of negotiating with your bank.

Team Levine delivers the best rates to your finger tips in just minutes.

Term Insurance

There are many different types of life insurance. However, even though there are many life products, we can break them down into two main categories. Term insurance, otherwise known as temporary insurance (since the nature of the product is of a temporary nature) is one of these two main categories. This type of life insurance best covers temporary needs, such as a mortgage, or providing protection for your children until a certain age, children’s education, or maintaining your families lifestyle, just in case something happens to you. All of these are temporary needs and after a while the need is no longer needed. This is what term insurance does best, is protect your families temporary needs in case something should happen to you. This is also the cheapest form of insurance and is very affordable, as your monthly premiums are only guaranteed for the duration of the term.

Different types of Terms

Term insurance comes in different terms, so that you can choose just how long you would like to lock your rate in for. The longer you want to lock the rate in for, the more expensive the insurance product becomes. The shortest term you can take is a 10 year term, otherwise known as a Term 10, this then increases in increments of 5 years all the way up to the maximum term of 40 years. Usually people take a max term of 30 years, and if they want premiums to be locked in for longer than that, they usually decide to take out a permanent life insurance policy instead.

Any questions? As usual we are here to help and enjoy doing so! Give Team Levine a call today for a no obligation free consultation!

Please complete the form to receive an instant life insurance quote


Your Requirements

Yourself    You & Your Partner

About Yourself

Yes    No

About Your Partner

Yes    No

Contact Details

4 + 1 =

Featured Blog Posts

Canada’s New Mortgage Rules and How They Could Affect You

Oct 20, 2016

The Canadian federal government recently announced new legislation that may affect the purchasing power of home buyers. These new mortgage rules, whic ...

Read More

What to Consider Before Refinancing Your Home

Oct 11, 2016

Refinancing your mortgage is a great way to consolidate and pay off your debt, make some much-needed renovations, or even pay for tuition. While refin ...

Read More

Canadian Mortgage Rates: A Look At What’s Ahead

Oct 5, 2016

For the past 8 years or so, Canadian interest rates have been relatively low and stable. However, the market can fluctuate at any time, which is why i ...

Read More

~ Partners ~