If you are looking for Canadian life insurance rates, you have found the right place. Our database has all the popular term and whole life policies from the top Canadian companies. This includes all the companies who are willing to compete for your business through independent brokers. We don't sell life insurance. So we can stay impartial and help you find your best company, with the lowest rates for your situation. Before you decide to purchase, get a Canadian life insurance estimate. If you are unsure how much insurance you need, remember that people with no dependents may not need coverage at all. Figure your dependents' living expenses if your income is no longer available. You will need a lump sum that can be invested to produce the required annual income. Many financial planners use five to ten times your annual income as a rule of thumb. Use our insurance calculator for a better estimate, or consult with your financial advisor. Top Canadian Life Insurance Companies If you already have a life insurance policy, you may need to contact the company for policyholder service. To assist in that regard, here are some of the competitive Canadian companies in the database: AIG Assumption Canada Life Co-operators Empire Equitable Federated Great-West Industrial-Alliance Manufacturers Maritime National RBC Reliable Standard Sun Transamerica Union Unity Wawanesa Find their lowest life insurance rate here. Term Versus Whole Life Insurance Term insurance covers a person against death for a limited time, the term. For example, the term might be until children are grown, or until college is paid for, or until retirement. You pay for the coverage period and at the end of the term the contract, or policy, expires. If no claims are made against the policy during the term, you don't receive any benefits after the policy expires, just like auto or homeowners insurance. Whole Life insurance is permanent and does not expire (assuming you continue to pay the premiums). It provides coverage similar to term, but it also provides an investment vehicle. A portion of the premium goes toward insuring your life while the other goes toward an investment account. This investment account can be either an interest bearing account or a stocks and bonds investment account. Which is better (our opinion)? Young families with large financial obligations are usually better off with term insurance. The substantially lower premiums enable them to purchase sufficient coverage to protect against loss of income. Any discretionary investment funds can be placed in other vehicles (mutual funds, money market accounts, etc.) that are likely to generate returns similar to or better than life insurance contracts. Whole life insurance is sometimes purchased by people for tax and estate planning purposes. You should consult with your financial advisor. Choosing a Life Insurance Agent Almost all Canadian life insurance companies sell their products through agents, rather than directly to the public. Some companies use "captive" agents, who can only represent one company. Most of the competitive term insurance providers (such as those featured at this site) use independent agents, who are free to represent several companies. We recommend that you find and work with an independent agent, who can tailor a plan to fit your needs. Finding Life Insurance Help There are many sites where you can find information on U.S. and Canadian life insurance. Here are some of our favorites for your further research: life insurance directory life insurance company FEGLI term life insurance Sun Life of Canada Quotes | Companies | Calculator | Rates | Canadian Life Insurance