Get CAA Term Life Insurance on your own terms
Protect your loved ones with CAA Term Life Insurance that covers you through every stage of life!
CAA Member Benefits
- Exclusive member pricing: Save 10% off your rates!
- Couples save an additional 10% off the first year.
- $10,000 in complimentary Child Coverage for each of your children.
What is Term Life Insurance?
Term Life Insurance is Canada's most cost-effective and flexible form of life insurance. It provides coverage for a set period, typically 10 to 30 years. Term Life Insurance allows financial protection for your family for a period known as the “term,” when you might have increased financial responsibilities.
Term Life Insurance helps ease your mind, knowing your loved ones are financially protected. The beneficiary will be eligible to receive a tax-free lump sum death benefit if the plan holder passes away during the term.
Get Term Life Insurance on your own terms.
When should you get Term Life Insurance?
Figuring out the best time to get Term Life Insurance is never easy. The one thing to remember is getting Term Life Insurance is essential when you have loved ones who depend on you. Whether it is a partner, children or aging parents, having the peace of mind they are taken care of is critical.
Applicants for Term Life Insurance in Saskatchewan include:
- Parents
- Sole provider for family
- Stay-at-home parents
- Married or common-law couples
- Caretakers
- Business owners
- Homeowners
- Individuals with debt
- Near-retirees
Why choose CAA Term Life Insurance?
Here’s how CAA Term Life Insurance, provided by Securian Canada, helps you take on life with confidence:
- Choose between $100K to $5M in term life insurance coverage.
- Select a coverage length between 10 to 30 years.
- CAA members save 10% on insurance rates.
- Couples save an additional 10% the first year.
- $10,000 in complimentary Child Coverage for each of your children.
- Free cancellation anytime, with no fees or penalties.
- 30-day grace period for missed payments.
- 100% of any tax-free payout is given to your beneficiaries.
- Rates are locked in for the full term.
- Apply for Term Life Insurance and Critical Illness Insurance in one application.
What are the benefits of CAA Term Life Insurance?
Find coverage that’s right for you.
FAQ: Term Life Insurance in Canada
Commonly asked questions about Term Life Insurance.
Still have questions? Get personalized advice from a licensed advisor at +1 (866) 714-9007 Monday to Friday between 7:30 AM – 7 PM CST
We always encourage you to apply. Depending on the severity of the condition, we expect a majority of applicants with pre-existing conditions will be approved. To fully understand your condition, an insurance advisor may ask additional questions.
Child coverage is a complimentary feature that is added to every plan at no extra cost. This means that if a CAA plan holder's child passes away, the parent(s) could receive $10,000 in a tax-free, lump-sum payment to assist with any associated financial burdens (e.g., time off work, funeral expenses, etc.). Think of it as a mini-life insurance plan for the child where the parents are the beneficiary.
As a recent new or expecting parent, life insurance can protect your growing family’s financial future. Term Life Insurance gives you peace of mind, knowing that your loved ones can be provided with the necessary financial resources if the unexpected happens.
If you pass away while your plan is active, life insurance can offer a tax-free lump sum payment to your beneficiaries. This can be used to replace your income and cover other life expenses, such as household bills, childcare, and tuition costs.
Couples Coverage gives partners the opportunity to apply online together to save 10% off the first year of their Term Life Insurance plans.
Partners and spouses who are dependent on each other’s incomes can face financial challenges when one partner or spouse passes away. Life Insurance can help bridge this income gap by providing financial security that helps the surviving partner or spouse maintain their lifestyle, including paying for living expenses and paying off debts.
The cost of your monthly premium is determined by a variety of factors, including your age, gender, smoking status and medical history.
If you’re a retiree or soon-to-be-retired, life insurance serves as a financial safety net for your partner, children, or anyone else who depends on you financially.
When you pass away, a Term Life Insurance payout can be used to cover expenses, such as funeral costs, or help pay off debts. It can also help cover living expenses or provide funds that your beneficiaries can use any way they choose.
Securian Canada is the brand name used by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company to do business in Canada. Policies are underwritten by Canadian Premier Life Insurance Company.