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Get a quote in seconds and apply for coverage in minutes.
With Blue Cross Life, you’re covered by one of Canada’s best life insurance companies with over 50 years of experience. And if you change your mind? You can cancel anytime without fees or penalties.
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Term life insurance provides flexible, short-term coverage for the number of years you choose. If you pass away during your term, your loved ones receive a death benefit.
Coverage options up to $5 million and for up to 30 years
Couples save 10% on their rates in the first year when they apply together
$10,000 in free life insurance for each child (and any future children) that you have
Critical illness insurance provides a benefit if you are diagnosed with a life-altering illness. If you get sick with a covered condition during your term, you receive a one-time lump sum payment to help with costs.
Coverage options up to $1 million and for up to 30 years
44 conditions covered
Voted Canada’s Most Respected Life Insurance Company, three years in a row
Flexible terms and easy-to-understand coverage details
Help from life insurance advisors who serve your interests
Streamlined digital application and activation, so you can get covered quickly
Instant decision without hidden steps
Blue Cross Life makes life insurance surprisingly affordable for every Canadian. Coverage starts at less than a dollar a day, so you can get the protection your family deserves without straining your wallet.
Female
Female
Age
$47
$76
$30
$21
$19
$25
$27
$35
$38
$58
$95
$79
$135
$50
$33
30
35
40
45
50
$65
$113
$41
$29
$27
Male
Male
Get flexible, affordable term life insurance coverage that fits your life.
Term lengths of 10, 15, 20, 25, or 30 years
Coverage amounts from $100,000 to $5 million
Rates that never change throughout your term
10% discount on first year rates when purchasing as a couple
Free $10,000 coverage for each of your dependent children
You can apply for coverage without leaving your home. Our team of expert insurance advisors are available to answer any questions and provide helpful advice by phone or email.
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Pick the term length and coverage amount that suits your needs. Answer a few quick questions to get a free, no-obligation quote.
Complete your application in under 20 minutes. Many eligible applicants are approved right away.
Review your terms and make your first payment to activate your coverage—all done online. Your rate stays the same for the duration of your term.
With transparent processes and expert advisors available to help, getting insurance coverage is easier than it’s ever been.
By answering a few simple questions, you can get a free, personalized quote for a Blue Cross Life insurance policy that best meets your needs.
Get a Recommendation
Speak with a knowledgeable, licensed advisor who can offer guidance specific to your needs. Call us at +1 (866) 316-4458 (Monday-Friday, 9 AM - 5PM ET) or send us an email anytime.
Email An Advisor
Get an explanation of common insurance terms and concepts, so you know what to expect during the process of getting coverage.
Read Our BlogCan’t find what you are looking for online? Our Blue Cross Life advisors can give advice and answer your questions. Contact an advisor at +1 (866) 316-4458 or service@life.bluecross.ca between 9AM-5PM EST, Monday to Friday.
If you have people depending on you financially, buying term life insurance is a smart move. The insurance payout can be used to minimize any financial burden, such as mortgage payments, outstanding debts, child expenses, or to replace the loss of income. Your loved ones can focus on their wellbeing without added financial stress as they adjust to navigating life without you.
Term life insurance offers financial security for your loved ones if you pass away within a specific period. It is only active for a set term (10, 15, 20, 25, or 30 years) and typically has a lower monthly premium or rate as a result. Many Canadians choose term life insurance policies for their affordability and flexibility.
Planning for the future with term life insurance is a smart decision if you have dependents or significant financial obligations such as a mortgage. It provides comfort, knowing your loved ones will receive a tax-free, lump-sum payment to help manage the loss without additional financial strain.
Regardless of your level of savings or investments, life insurance provides a different level of protection by providing a lump-sum payment during critical times. One advantage is that the monthly payments for term life insurance are often significantly lower than other types of life insurance in Canada (for example, whole or universal life insurance.)
The death benefit is a one-time, tax-free, lump sum paid out to your loved ones by a life insurance provider if you pass away. The amount of the death benefit is the total amount of coverage you selected when you purchased your policy. For example, if you buy a $500,000 life insurance policy, the death benefit is $500,000.
Term life insurance offers financial security for your loved ones if you pass away within a specific period (the term you selected when you purchased your policy). Your loved ones will be supported by a dedicated Claims Concierge through the claims process. It typically takes a couple of weeks before the death benefit payment is issued via cheque.
Everyone’s life and financial situation is unique, so there is no one-size-fits-all answer for the right amount of life insurance coverage. Canadian financial experts recommend an amount equal to 7-10 times your annual salary as a starting point.
Having enough coverage is crucial to protect your family’s future, allowing them to reach the goals you had planned for without financial hardship. Here are some factors to consider when evaluating your coverage needs:
Yes. Your policy is fully underwritten by Blue Cross Life, one of the best rated term life insurance providers in Canada. Underwriters use various tools to assess your lifestyle, health profile, and financial situation. Based on this information, life insurance providers can provide the available coverage, term lengths, and monthly rates for your needs.
Life insurance is more affordable than you think. Term life insurance can start around $20-30 a month, but the exact cost of your monthly premium is determined by factors like your age, sex at birth, lifestyle habits, and medical history. For a locked-in monthly rate, you can ensure financial stability for your loved ones even if you’re not around.
Learn more about the average cost of term life insurance in Canada.
No. Once you buy a term life insurance policy in Canada, your rates are locked in for the duration of the term. You'll pay the same amount every month, regardless of your age or health condition.
Buying life insurance used to be complicated, but Blue Cross Life is changing that. We make applying for term life insurance online in Canada easier than ever, in just three simple steps:
1. Get a personalized quote in seconds.
Pick the term length and coverage amount that suits your needs. Answer 4 quick questions to get a free, no-obligation quote.
2. Find out if you’re approved instantly.
Complete your application in under 20 minutes. Many eligible applicants are approved right away.
3. Get coverage as soon as you’re ready.
Review your terms, accept your coverage, and make your first payment—without having to leave your home. Your rate stays the same throughout your term.
Our seamless, fully digital application process makes it convenient to safeguard your family’s future. And if you need any help along the way, our expert team of life insurance advisors are available to answer your questions and provide personalized advice.
Critical illness insurance in Canada is designed to provide you and your loved ones with a 100% tax-free, lump-sum payout if you receive an unexpected severe diagnosis. “Critical illness” usually refers to serious health conditions like heart attacks, strokes, or cancer.
When you’re faced with a serious health issue, critical illness insurance offers a financial safety net for you and your loved ones. The payout from critical illness insurance can be put toward uncovered medical expenses, accessing specialized treatment, replacing lost income, or easing other financial burdens. Critical illness insurance minimizes stress by allowing you to focus on your recovery, not extra expenses.
Critical illness covers a range of illnesses. With Blue Cross Life, you’re covered for 44 conditions—more than the industry average of 20-30 and among the highest in Canada.
If you are diagnosed with any of the 27 fully covered conditions, you are eligible to receive a lump sum payment equal to your total coverage amount. These include serious cancer, heart attack, stroke, dementia, autoimmune conditions, and organ-related conditions, among others.
If you are diagnosed with any of the 17 early-stage conditions, you are eligible to receive a lump-sum payment equal to a percentage of your total coverage amount. These include early-stage cancers, cardiovascular conditions, and some surgical procedures, among others. If you receive a payout for an early-stage condition, it does not impact a future payout for a fully covered condition.
Critical illness insurance with Blue Cross Life is designed to offer flexible and customizable coverage over specific periods (or terms.) Longer terms will have higher premiums than shorter terms, because your risk of developing a severe health issue is higher over a longer period and increases as you age.
You can choose an affordable critical illness insurance policy based on the amount of coverage and the monthly premiums that best fit your needs.
Critical illness insurance benefits are paid out if you are diagnosed with a covered critical illness as defined by your policy. Typically, there is a waiting period that must pass after a diagnosis before you can submit a claim and receive a critical illness insurance payout. This differs by insurance company, and by the condition that is covered.
With Blue Cross Life, many of the covered conditions do not require a waiting period. Most cardiovascular conditions will have a waiting period of 30 days. The remaining conditions will have waiting period criteria included within their definition. We recommend you read your policy contract or a sample policy for more information.
Critical illness insurance in Canada is typically paid out as a single tax-free, lump sum, in some cases after a required waiting period, if you are diagnosed with a covered critical illness. You’ll receive the payout after submitting a claim that gets approved. The money is yours to use as you see fit—to cover your mortgage, everyday living expenses, out-of-pocket medical expenses, childcare, or home health costs.
Your payout depends on how much coverage you selected when you purchased your policy. With Blue Cross Life, you can choose a coverage amount up to $1 million.
A higher coverage amount will mean higher critical care insurance costs. Factors such as your health, lifestyle, and age can also impact your monthly rate.
Yes. With Blue Cross Life, you can buy critical illness insurance as a standalone policy, or you can add it to an existing term life insurance policy at any time.
Yes. With Blue Cross Life, you get a full refund on any payments made if you cancel within 30 days of your critical illness policy becoming active.
If you cancel after this 30-day period, you will only receive a pro-rated refund of any premiums you have prepaid. There are no cancellation fees or penalties.
® Registered Trade-mark of the Canadian Association of Blue Cross Plans, an association of independent Blue Cross Plans. TM Trade-mark of the Canadian Association of Blue Cross Plans, an association of independent Blue Cross Plans. Used under license by Blue Cross Life Insurance Company of Canada (Blue Cross Life®).
Term Life and Critical Illness Insurance products are underwritten by Blue Cross Life and distributed by PolicyMe Corp.
Canada’s Most Respected Award is conducted by DART I & C and powered by Maru Public Opinion. Results and award information are posted at www.canadasmostrespected.com.
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