Help Protect Your Loved Ones with Affordable Life Insurance Coverage
Canadian Tire Financial Services and Canada Life have teamed up to give you an easy and affordable way to help protect your loved ones in case anything happens to you. Because when you love someone, you'll do anything for them.
Get $50,000 to $250,000 in term life insurance protection at affordable monthly rates. There is no medical exam normally needed to enroll. And, you can get approved and covered instantly!
With The Canadian Tire Term Life Insurance Plan:
- You are offered $50,000 to $250,000 in comprehensive life insurance protection†
- There is no medical exam normally needed to enroll
- You can get approved and covered instantly
- Your coverage is guaranteed until age 75
- Your rates are locked in for 5 years
- Your benefits are 100% Tax-Free
- If you are diagnosed with a terminal illness, you can choose to receive up to $50,000 early (Use the money any way you choose)
- Discount for non-smokers
- 30-Day NO-RISK Satisfaction Guarantee
- Once accepted, your coverage can never be cancelled due to changes in health
Why Term Life Insurance
Life Insurance is an essential way to help ensure that your loved ones are taken care of should something happen to you. And Term Life Insurance is one of the most inexpensive forms of Life Insurance as you buy only the coverage you need for the length of time it is required.
Help protect your family as your financial commitments grow:
Regardless of whether this is your first life insurance policy or you're adding to an existing policy, it is important to examine your insurance needs ongoing particularly during major life events such as getting married, buying a new home or expecting a new child. One of the most efficient ways to calculate your insurance needs is online.
Even if you have no debts or dependants there is still a role for Life Insurance:
Life Insurance is a great way to ensure that your estate is free of debts and that your funeral expenses are taken care of. Life insurance is also a great way to leave an inheritance or legacy to those you love or to your favourite charity.
Life is busy and ever changing. As your life changes so do your life insurance needs.
We've developed our online insurance calculator and free online quote to help you to quickly estimate your insurance needs. Purchasing online is so easy and affordable so apply on-line today so you can sleep tonight knowing that everyone and everything in your life is better protected.
How Much Life Insurance do I Need?
Your insurance needs are as unique as you are. Industry recommendation for life insurance is approximately 3 to 8 times your income however there are many factors to consider when determining the right amount of coverage. Things to consider when calculating your life insurance needs:
- Your spouse's ability to earn an income
- How many dependants you have
- How much you would like to leave as an inheritance or legacy
- How much you can afford
- The insurance calculator is a good starting point to determine your insurance needs.
Term Life Insurance Calculator
Even if you already have insurance coverage, things change. This calculator can help you determine whether you need to top up your existing life insurance coverage.
This is an example only, and may not be applicable in every circumstance. For a complete needs analysis, please contact a professional financial advisor.
Why The Canadian Tire Term Life Insurance Plan?
The Canadian Tire Term Life Insurance Plan is a reliable, easy insurance solution. It is straightforward coverage that is there for the ones you love when they need it.
This Plan is sponsored by Canadian Tire Financial Services Limited and underwritten by The Canada Life Assurance Company, two respected Canadian organizations that are committed to providing you with affordable coverage that makes sense for you and your family.
The Canadian Tire Term Life Insurance Plan is backed by outstanding customer service. A team of dedicated staff at Canada Life is at your service and just a phone call away to answer any questions, or help you to update your coverage.
It's quick and easy to get $50,000 to $250,000 in life insurance protection.
There is no medical exam normally needed to enroll and you could get approved and covered instantly.1
Canadian Tire locks your premium for 5 years.
All benefits are paid tax-free to your beneficiaries.
If you are diagnosed with a terminal illness there is a Living Benefit of up to $50,000 to use right away.
Guaranteed to age 752 - you cannot be declined for a change in your health status after your initial approval.
Substantial Discounts for non-smokers3.
Spouse Protection - Choose $50,000 to $250,000 of Low Cost Protection for you and your Spouse. This plan provides a choice of $50,000, $100,000, $150,000, $200,000 or $250,000 of group term life insurance protection for people 18 to 64 years of age (In the Province of Quebec this product is only available to Canadian Tire Cardmembers). Once enrolled, coverage is guaranteed until age 75.
™Canada Life and design are trademarks of The Canada Life Assurance Company.™The trademarks of Canadian Tire Corporation, Limited are under licence.