HTML Embeds
[fs-toc-h2]Key Takeaways
Key Takeaways
- Estimate Expenses: Life insurance calculators help estimate coverage needs by factoring in expenses like burial costs, income replacement, and future education expenses, using expert algorithms.
- Detailed Input: Accurate calculations require detailed personal and financial information, including annual income, duration of financial support needed, outstanding debts, and personal health and family considerations.
- Limitations: Keep in mind that calculators may not capture all personal circumstances. For comprehensive and personalized coverage advice, consulting with a financial or insurance advisor is recommended. They can offer tailored guidance to ensure your policy aligns perfectly with your unique situation and needs.
CTA Callout 1
See how affordable term life insurance can be with PolicyMe.*
CTA Callout 2
See how affordable term life insurance can be with PolicyMe.*
CTA Callout 2 - Paragraph
Have a question? We have answers!
Our team of non-commissioned advisors is ready to help with expert advice to help find the perfect CAA Health and Dental Insurance plan for you.
CTA Callout 3
Affordable life insurance starting at $15/mo
- Get your quote in seconds
- Get expert advice
- No hidden fees
CTA Callout 4
About $15/month protects your family with $500,000
Rate for a 30-year-old non-smoking woman with regular health for a 10-year term. Your rate may vary.
Editorial Card
You need facts, not fluff. Our goal is to provide you with honest, trustworthy information to help you make informed decisions. While our content is created with insurance experts, it is for educational purposes only and should not be considered definitive professional financial advice.
We recommend seeking the counsel of a licensed financial advisor before making any decisions regarding insurance or personal finance.
Accordion
This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer.
This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer. This is a sample answer.
Pros
- List Item
- List Item
- List Item
Cons
- List Item
- List Item
- List Item
Blog Callout - Title, Paragraph, List
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam.
- List Item
- List Item
- List Item
Blog Callout - Title & List
- List Item
- List Item
- List Item
Blog Callout - Title & Paragraph
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam.
Blog Callout - List
- List Item
- List Item
- List Item
Single Button
2-Column Table
Average life insurance cost by coverage amount
Based on premiums for a 20 year term policy for a 35 year old male, non-smoker
|
Coverage Amount
|
Premiums
|
|---|---|
|
$100,000
|
$11.43
|
|
$250,000
|
$19.35
|
|
$500,000
|
$31.32
|
|
$100,000,000
|
$53.82
|
2-Column Table - Link
How much does term life insurance cost in Canada?
Premiums for a 40 year old, non-smoking male, $500k in coverage for a 15-year term life policy
|
Life Insurance Companies
|
Price
|
|---|---|
| PolicyMe |
$26.44/month
|
| Canada Life |
$27.86/month
|
| RBC |
$28.22/month
|
| BMO |
$29.95/month
|
| Sun Life |
$34.65/month
|
3 Column Table - Normal:
High risk activities: impact on life insurance rates
Example of a base premium starting at $100/month
|
Rating Class
|
% Increase
|
Final Premiums
|
|---|---|---|
|
A or 1
|
+25%
|
$125
|
|
B or 2
|
+50%
|
$150
|
|
C or 3
|
+75%
|
$175
|
|
D or 4
|
+100%
|
$200
|
|
E or 5
|
+125%
|
$225
|
|
F or 6
|
+150%
|
$250
|
|
G or 7
|
+175%
|
$275
|
|
H or 8
|
+200%
|
$300
|
|
I or 9
|
+225%
|
$325
|
|
J or 10
|
+250%
|
$350
|
3 Column Table - Sub-heading variation:
Average life insurance cost by policy type
Premiums for a non-smoker, $500k in coverage
|
Age
|
Premiums For Woman
|
Premiums For Man
|
||
|---|---|---|---|---|
|
20 year term
|
Whole
|
20 year term
|
Whole
|
|
|
35 years old
|
$22.95/mo
|
$261.10/mo
|
$31.32/mo
|
$314.25/mo
|
|
45 years old
|
$51.61/mo
|
$434.25/mo
|
$71.86/mo
|
$522.00/mo
|
|
55 years old
|
$152.55/mo
|
$663.75/mo
|
$214.20/mo
|
$830.70/mo
|
3 Column Table - Link:
Average life insurance cost by policy type
Premiums for a non-smoker, $500k in coverage
|
Age
|
Premiums For Woman
|
Premiums For Man
|
||
|---|---|---|---|---|
|
20 year term
|
Whole
|
20 year term
|
Whole
|
|
|
35 years old
|
$22.95/mo
|
$261.10/mo
|
$31.32/mo
|
$314.25/mo
|
|
45 years old
|
$51.61/mo
|
$434.25/mo
|
$71.86/mo
|
$522.00/mo
|
| This is a link |
$152.55/mo
|
$663.75/mo
|
$214.20/mo
|
$830.70/mo
|
Editorial Guidelines
You need facts, not fluff. Our goal is to provide you with honest, trustworthy information to help you make informed decisions. While our content is created with insurance experts, it is for educational purposes only and should not be considered definitive professional financial advice.
We recommend seeking the counsel of a licensed financial advisor before making any decisions regarding insurance or personal finance.