Canada life insurance estimator
Free Canada term life insurance calculator. Estimate monthly and annual premiums from age, sex, smoking, cover amount, term and health — instant, private, no sign-up.
How to use
- Enter your age and details. Add your age, sex and smoking status. Premiums roughly double every 8–10 years of age, and smokers pay substantially more.
- Choose cover amount. Set the lump sum you want your policy to pay out. Premiums scale with the amount of cover.
- Pick a term and health class. Choose a 10-, 15-, 20- or 30-year term and your health class. Longer terms and lower health classes raise the premium.
- Review your estimate. See your estimated monthly and annual premium, the typical range, and a term-by-term comparison.
Features
- Term-life rating factors. Uses age, sex, smoking, cover amount, term length and health class — the core levers Canadian life insurers underwrite on.
- Monthly, annual and a range. Shows both monthly and annual cost plus a low–high band for the spread between insurers and underwriting outcomes.
- Term comparison. Compares 10-, 15-, 20- and 30-year terms so you can see how locking in longer changes the cost.
- Honest scope. Clearly limited to standard level term, and flags that permanent (whole) life costs more.
- 100% private. All maths runs in your browser. Your details are never uploaded, stored or shared.
When to use it
- Estimating the cost of a $500k policy to cover a mortgage
- Seeing how a 20-year versus 30-year term changes the premium
- Understanding how much smoking or health class adds
- Comparing cover amounts before applying
- Budgeting family financial protection
Is it private?
Every calculation runs in your browser. Your age, health and cover details are never uploaded, stored or shared.
Frequently asked questions
Is this a real life insurance quote?
No. It is an educational estimate for standard level term life based on published Canadian averages. Real prices depend on medical underwriting and the insurer, so get quotes for exact figures.
What type of life insurance does it estimate?
Level term life, which pays a tax-free lump sum if you die within the policy term. Permanent (whole) life works differently and costs considerably more.
Does sex affect the price in Canada?
Yes. Unlike some markets, Canadian insurers may rate on sex, and women typically pay slightly less for term life, all else equal.
How does cover amount affect the price?
The premium scales roughly with the size of the payout, so doubling the cover amount roughly doubles the premium, all else equal.
Do the rates stay accurate?
Term-life pricing is relatively stable, but averages still shift over time, so each estimate shows its data vintage.
Is my information private?
Yes. Everything runs locally in your browser with no upload, no storage and no sign-up.
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