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1. • • Canada Life My TermTM life insurance provides temporary insurance for the option of five to 50 years (inclusive) as decided by the client. Whether your client’s needs are short-term, like debt protection, or long-term, like mortgage protection, you can help them decide the term life insurance length that’s best for them.
     www.combined-strength.canadalife.com/content/dam/canadalife/advisor-hub-documents/insurance/en/term/Simply Preferred term life insurance advisor guide – 99-10988.pdf

     Canada Life My Term Insurance - Advisor guide

2. People also ask

   How long is a term life insurance policy in Canada?

   • Canada Life My Term™ life insurance is flexible and customizable to suit your individual needs. In some cases, you could get a term length of up to 50 years. Book an appointment with an advisor who can walk you through your different options. Who can be covered for term life insurance?

   Canada Life My Term™ life insurance FAQs

   www.canadalife.com/insurance/life-insurance/term-life-insurance/term-life-quote/term-life-insurance-faq.html

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   What is Canada Life my termtm life insurance?

   • Canada Life My TermTM life insurance is a customizable product that provides lower cost insurance protection for a set time period of five to 50 years in length. You pick the term that works best for you. Premium payments stay the same over your chosen term.

   Canada Life My Term

   www.acp.canadalife.com/content/dam/advisors/documents/marketing/insurance/en_ca/term_life/Term_insurance_that_works_for_you-46-11342AD.pdf

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   What is Canada Life my term?

   • With term length options between five and 50 years, a yearly renewable term structure and conversion options, Canada Life My Term is among the most adaptable in the industry. The flexibility in the product features allow you to adapt to meet your clients’ specific needs. Canada Life My Term product is available as stand alone only.

   Canada Life My Term

   www.combined-strength.canadalife.com/content/dam/canadalife/advisor-hub-documents/insurance/en/My-Term-Advisor-landing-page-EN.pdf

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   How long does life insurance coverage last?

   • It’s temporary coverage that provides the people or charities you name as beneficiaries with a tax-free payout if you die within the term you choose. In some cases, you could get coverage for term lengths of 5-10 years, 11-20 years, 21-30 years, or 31-50 years. You have flexible and customizable options.

   Canada Life My Term™ life insurance FAQs

   www.canadalife.com/insurance/life-insurance/term-life-insurance/term-life-quote/term-life-insurance-faq.html

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   Does Canada Life my term offer a first year commission?

   • First year commission will vary by term length. The commission payable on term additional benefits (riders) for permanent life insurance products will be the same as Canada Life My Term. The chargeback schedule for Canada Life My Term product will remain the same. The following table outlines the commission rates for each term length.

   Canada Life My Term life insurance

   www.acp.canadalife.com/content/dam/advisors/documents/marketing/insurance/en_ca/term_life/Canada-Life-My-Term-Product-information-page.pdf

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   Can I view and compare Canada life term coverage options?

   • Yes. You can use our online tool to view and compare Canada Life Term coverage options that might match your needs based on the information provided. The quotes presented are simply recommendations of what could work for you based on the information you provided.

   Canada Life My Term™ life insurance FAQs

   www.canadalife.com/insurance/life-insurance/term-life-insurance/term-life-quote/term-life-insurance-faq.html

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3. www.canadalife.com › insurance › life-insuranceTerm life insurance - Canada Life

   www.canadalife.com › insurance › life-insurance

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   What is term life insurance? It’s temporary coverage that provides the people or charities you name as beneficiary with a tax-free payout if you die within the term you choose. * The money can be used to pay bills, the mortgage, kids’ education or to keep your business running.

4. www.canadalife.com › insurance › life-insuranceCanada Life My Term™ life insurance FAQs

   www.canadalife.com › insurance › life-insurance

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   Canada Life My Term™ life insurance is flexible and customizable to suit your individual needs. In some cases, you could get a term length of up to 50 years. Book an appointment with an advisor who can walk you through your different options.

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6. www.canadalife.com › insurance › life-insuranceGet a term life insurance quote online - Canada Life

   www.canadalife.com › insurance › life-insurance

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   Have you smoked within the past 12 months? Where do you live? Get a quick quote online to see how flexible, affordable Canada Life My Term™ insurance can help protect your family.

7. www.acp.canadalife.com › content › damCanada Life My Term life insurance

   www.acp.canadalife.com › content › dam

   Canada Life My TermTM has the great features of our previous term products, including conversion options, premium bands, coverage amounts and streamlined underwriting guidelines, but now has the term length flexibility of selecting anything between five and 50 years.

8. www.acp.canadalife.com › content › damCanada Life My Term

   www.acp.canadalife.com › content › dam

   Canada Life My TermTM life insurance is a customizable product that provides lower cost insurance protection for a set time period of five to 50 years in length. You pick the term that works best for you. Premium payments stay the same over your chosen term.

9. www.combined-strength.canadalife.com › content › damCanada Life My Term

   www.combined-strength.canadalife.com › content › dam

   Key highlights: Flexible term lengths – between five and 50 years. Yearly renewable term structure – as a new feature, coverage for the Canada Life My Term product will renew yearly at end of the initial term period.

10. www.acp.canadalife.com › content › damCanada Life My Term Insurance - Advisor guide

    www.acp.canadalife.com › content › dam

    Advisor guide. Information current as of October 2023. Not for use with clients. Canada Life and design and Canada Life My Term are trademarks of The Canada Life Assurance Company. 99-10988 Z-10/23. The information in this guide is for advisors only and is not intended for use with clients.