An indicative estimate of the monthly cost of term life insurance, and a look at the real price gap between several insurers. This tool does not replace a quote — fill in the form to receive a real price after a short interview.
As an independent representative, I compare the rates of several insurers to find you the best-suited solution. The table below illustrates the real price gap between six insurers whose products I distribute, for term life insurance, using a comparable reference profile.
| Assureur | Approximate monthly premium |
|---|---|
| iA Groupe financier | 34,20 $ / mois |
| Empire Vie | 29 $ – 36 $ / mois |
| Canada Vie | 30 $ – 37 $ / mois |
| Manuvie | 32 $ – 38 $ / mois |
| Sun Life | 33 $ – 40 $ / mois |
| Ivari | ≈ 52 $ / mois |
Reference profile: man aged 35, non-smoker, preferred category, $500,000 of coverage, 20-year term, resident of Quebec. The amounts come from public sources consulted in July 2026 — an insurer's online simulator or published documentation — and the collection methodologies differ from one source to another. These amounts are illustrative benchmarks, not quotes: risk class, age, sex, state of health and the product selected all change the real price, and a difference between two rows of this table does not support any conclusion that one insurer is more advantageous than another for your situation. Several insurers do not publish a comparable grid; their rates are obtained on request. To prepare your quote, I compare all the insurers I have access to — not only those shown in the table.
This calculator applies general rules recognized in financial planning — not a personalized needs analysis. It gives an order of magnitude to guide the discussion; the amount actually recommended depends on a complete analysis of your situation.
Method used (DIME): debts to cover + (annual income × years to protect) + (education fund × number of children) + estimated funeral costs ($15,000) − savings and insurance already in place. A common approach in financial planning, not a formula specific to any insurer.
Most disability contracts (individual and group) in Canada generally replace 60 % to 70 % of gross income — rarely 100 %, in part because benefits are often non-taxable. 66 % is a common value used as a benchmark.
Critical illness insurance pays a lump sum on diagnosis, generally intended to cover a period of recovery without employment income — without borrowing and without cutting the household's standard of living during that period.
Check the type of coverage, enter your profile, then send your request — I will contact you to provide a real quote comparing several insurers.
The estimate above gives an order of magnitude. A firm quote requires a short interview — I then compare the contracts of several insurers for your profile.
Our other coverage
Group insurance (life, disability, health and dental) and group retirement savings (group RRSP, VRSP, DPSP). A well-designed plan helps attract and keep employees, and employer contributions are generally deductible.
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Whole life insurance protects your family for life and builds a guaranteed cash surrender value. Participating policies may also pay annual dividends, which are not guaranteed.
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Universal life separates the cost of coverage from the savings component, which grows tax-sheltered within permitted limits. You adjust deposits to your budget and choose your investment options.
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Individual mortgage insurance belongs to you: the benefit is paid to your beneficiaries, who decide how to use it, and the coverage follows you if you change lenders. Compare it with the bank's offer before you sign.
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Group quoteNo employer protects you: your income, retirement and family rest on you.
Protect my incomeI compare life, disability and critical illness insurance from several insurers based on your actual situation.