Confidence. Covered.
As a licensed brokerage, EGE Insurance compares life insurance rates from our partner insurers in real time. Coverage from $10,000 to $20 million, no-medical options available, and licensed advisors in 8 languages, so you get the right policy at the lowest available rate.
WHY EGE INSURANCE
Your data is safe. Your EGE Insurance account and applications are encrypted with AES-256 and stored on our servers in Canada. We never sell or rent your information, and we never pass your enquiry to a call centre or lead buyer.
Get my life priceTHE EGE INSURANCE WAY
You decide with real prices and honest answers. We only step in to help you apply.
WHAT YOU'LL SEE
How you see your price
Real prices from our partner insurers, cheapest first
No account, name or phone number needed to see prices.
WHAT IT COSTS
Illustrative monthly premiums for a $500,000, 20-year term policy for a non-smoker in good health. Your live comparison above shows real rates from our partner insurers for your exact profile.
Get my exact price| Age | Male, Non-Smoker | Female, Non-Smoker |
|---|---|---|
| 30 | $31–$36 / month | $22–$26 / month |
| 35 | $33–$39 / month | $25–$29 / month |
| 40 | $46–$54 / month | $34–$40 / month |
| 45 | $74–$86 / month | $54–$63 / month |
| 50 | $118–$138 / month | $84–$98 / month |
Ranges are illustrative only, based on typical 2026 market rates for standard health classes, and vary by insurer and underwriting. Smoker rates are roughly 2–3× higher, another reason quotes are personalized. Get your exact rate with the comparison tool above.
Some of the insurers in your comparison
Also Sun Life, Desjardins, BMO, Empire Life, Beneva, Foresters, UV, Assumption Life, Canada Protection Plan and CUMIS.
NEW TO CANADA?
Many newcomers assume they must wait years before qualifying for life insurance in Canada. In reality, most insurers cover permanent residents from their first day, and several accept work-permit and study-permit holders after a short period of residency.
Our life insurance guide for newcomers covers eligibility by status and the documents insurers ask for. Eligibility rules, required documents, and health questionnaires differ significantly between insurers, and choosing the wrong one can mean a declined application on your record. EGE Insurance advisors speak 8 languages and work with newcomers every day, so we know exactly which insurers welcome your status and how to present your application for the best outcome. Locking in coverage early also means locking in your age: premiums only go up the longer you wait.
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WHY IT MATTERS
Life insurance replaces your income and protects the people who depend on you. We compare policies from Canada's top insurers and explain the fine print in plain language, so you can choose with confidence.
If you passed away tomorrow, could your family cover the mortgage, daily bills, and your children's education? Life insurance pays a tax-free lump sum to your beneficiaries so life can go on without financial crisis.
Instead of getting one quote from one company, our real-time engine compares our partner insurers at once. A licensed advisor then helps you apply with the insurer you choose, at the same price as buying direct.
Beyond the base death benefit, many Canadian term policies include valuable built-in and optional features that protect you as your life changes.
COVERAGE DETAILS
A term life policy pays your chosen coverage amount (the death benefit) to your beneficiaries if you pass away while the policy is active. The payout is generally tax-free in Canada and can be used for anything your family needs.
Coverage is subject to policy terms, exclusions, eligibility, and insurer approval.
GETTING THE NUMBER RIGHT
The most common shortcut is 10 times your annual income. If you earn $80,000 a year, that suggests roughly $800,000 of coverage. It's a reasonable starting point, but your real number depends on your debts and your family's plans.
For a more precise answer, advisors use the DIME method: add up your Debts (loans, credit cards, car financing), Income replacement (annual income × the years your family would need support), Mortgage balance, and Education costs for each child. Subtract savings and any group coverage through work, and the remainder is the coverage gap a personal policy should fill.
Keep in mind that employer group life insurance, typically one or two times salary, disappears when you change jobs and is rarely enough on its own. A personal term policy stays with you regardless of where you work, and locking in a rate while you are young and healthy is significantly cheaper than waiting.
Match the term to your longest obligation. A 25-year mortgage or a newborn child usually points to a 20- or 30-year term; if the kids are teenagers and the mortgage is nearly paid, a 10-year term may be all you need. Most term policies in Canada can be converted to permanent coverage later without a new medical exam, a valuable option if your health changes.
KNOW THE DIFFERENCE
Both pay a tax-free death benefit, the difference is how long coverage lasts and what it costs. For most working families, term coverage delivers the most protection per dollar.
Coverage for a set period of 10, 15, 20, 25, or 30 years at the lowest cost per dollar of protection. Ideal for mortgages, young families, and income replacement during working years.
Coverage that lasts your entire life and builds cash value you can borrow against. Premiums are considerably higher, which makes it best suited to estate planning, final expenses, and lifelong obligations.
Not sure which fits? A licensed EGE Insurance advisor will compare both against your goals, free of charge.
GOT QUESTIONS?
Still unsure? Ask EGE AI any time, or call (416) 477-1516, Monday to Friday 9 am to 8 pm, Saturday 9 am to 5 pm.
If anyone depends on your income, such as a spouse, children, aging parents, or a business partner, life insurance replaces that income if you pass away. It is also commonly used to cover a mortgage, debts, final expenses, and taxes owed by your estate.
A healthy 30-year-old non-smoker can typically buy $500,000 of 20-year term coverage for roughly $25 to $35 per month. Premiums rise with age, smoking status, coverage amount, and term length. Because we compare our partner insurers at once, you see the lowest available rate for your exact profile.
Term life covers you for a set period, usually 10, 20, or 30 years, at the lowest cost, and is ideal for mortgages and young families. Whole life lasts your entire life and builds cash value, but costs several times more for the same coverage. Most Canadians start with term and convert later if needed.
A common starting point is 10 times your annual income. For a more precise number, use the DIME method: add your Debts, Income replacement needs, Mortgage balance, and Education costs for children. A licensed EGE Insurance advisor can walk through this with you in minutes at no cost.
Not always. Many Canadian insurers now offer no-medical or simplified-issue policies at competitive rates, especially for coverage under $1 million at younger ages. Fully underwritten policies usually offer the lowest premiums, we show you both options in your comparison.
Yes. Many insurers cover permanent residents from day one, and several accept work-permit and study-permit holders after a short residency period. Our advisors speak 8 languages and specialize in matching newcomers with insurers that accept their status.
No. A death benefit paid to a named beneficiary is generally received tax-free in Canada, which is one reason life insurance is widely used for estate planning and covering taxes that arise on death.
Our real-time quoting engine compares rates from the same insurers Canadian advisors use every day. Enter your details and it returns live premiums from our partner insurers side by side. A licensed advisor then helps you apply with the insurer you choose. Advice is free and you never pay more than buying direct.
ALSO AVAILABLE AT EGE INSURANCE
EGE Insurance offers a full range of coverage options. Compare and buy online or speak with a licensed advisor.
As a licensed brokerage, EGE Insurance shops the entire market in one search, so you lock in the right coverage at today's age and health, at the lowest available rate.
EGE AI
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