Term life Insurance

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Term life insurance – the cost-effective coverage you need

Term life insurance offers affordable coverage for a fixed payment amount, for an agreed-upon period (that could range from 10 to 40 years). If the policyholder dies during the term, a tax-free death benefit is paid to the person or people named as beneficiaries to use as they like. For instance, beneficiaries can use the amount to pay for a living, discharge mortgage or other debts, provide child-care, save for retirement, or cover funeral expenses. So, if you are looking to provide your loved ones with future financial security when you are not around, Xoro Life can help. Our advisors can help you determine the right Canadian term life insurance for you.

Flexible

You can choose any term from 10 to 30 years or more. If you unexpectedly pass away, your beneficiaries receive a tax-free lump sum amount.
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Simple

Premiums and coverage are guaranteed for the entire term, and you can renew the policy at the end of the term.
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Affordable

The premiums are lower than other types of life insurances making term life insurance a great option if you have a growing family.
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Why Choose Xoro Life for Term Life Insurance?

If your family depends on you for financial support, term life insurance from Xoro Life can help take care of their future financial security. When you purchase a term life insurance policy from Xoro Life, a well-known insurance company in Vancouver, you get: 

Best low quotes
Policy issued instantly
Fastest claim process
Convert your 10- or 20-year term life to permanent life
Coverage for death including due to COVID-19
FAQs

FAQs on Term Life Insurance

When should I buy term life insurance?
You can buy term life insurance when starting a family, buying a home, growing your family, or thinking about life after retirement. Whatever stage of life you are in, Xoro Life can help you find the right coverage for your needs at an affordable price.
How to choose a term length and coverage amount?
When you purchase term life insurance, the term length and coverage amount is based on the amount of protection your family needs and the length of time they need it for. For instance, if you want to be able to pay for your kids’ post-secondary education, you will need a longer policy term. Call Xoro Life today and talk to the insurance advisor for help with the right term length and the coverage amount.
Who is eligible for term life insurance?
If you are a Canadian citizen in your 20s, 30s, or 40s, then it is the best time to buy affordable term life insurance. Get in touch with Xoro Life to know more.
Does term life insurance cover accidental death?
Yes, term life insurance covers accidental death. Any type of life insurance is there to protect you from the unexpected things in life including accidental death.
Does term life insurance offer coverage for disability?
No, term life insurance does not offer coverage for disability. However, you can add disability insurance as part of your overall life insurance plan.
What are the benefits of choosing Xoro Life term life insurance?
When you choose Xoro Life to purchase your term life insurance plan, you get the lowest quotes, the policy is issued instantly, your premium is fixed and guaranteed not to change for the length of term, your beneficiaries receive a tax-free benefit if you pass away, automatic renewal of policy at the end of term, you get to convert the policy to a permanent one, and much more. So, what are you waiting for? Purchase your term life insurance now at Xoro Life.

Feel Free to share your doubts

If you have more queries and questions, feel free to reach us. You can share your words through email or phone number. You can fill the form above and wait for us to call you back. 

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