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. ‡ iA Financial Group rate obtained directly from the simulateur officiel d'iA (ia.ca) for this exact profile, on 17 July 2026 — the most precise figure in the table, since it comes from the insurer itself rather than a third-party comparison site. The four other insurers (Empire Life, Canada Life, Manulife, Sun Life) come from Lowest Rates Hub, public data as of July 2026 ; their own online quoting tools require identifying personal information (name, email) before showing a price, which I did not want to simulate with fictitious data. † The Ivari rate comes from a separate source (PolicyMe, Ivari review, updated December 2025) and represents the average for men aged 30 to 44, standard health, $500,000, 20-year term — a slightly different methodology, which may inflate the apparent gap with the other insurers. These amounts are illustrative benchmarks, not quotes — risk class, age, sex, state of health and the insurer selected all change the real price. Beneva, Humania Assurance, UV Insurance and the other insurers do not publish a comparable grid; their rates are obtained on request. I compare all the insurers I have access to — not only those in the table — to establish your quote.
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.