Compare Term Life Insurance At True Cost

Term Life at True Cost is fully online, fully transparent, and built for the next generation of Canadians.

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Same price across Canada, no hidden markups, no games.

Convertibility Without Complexity

Easy path to permanent insurance later.

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A clean, frictionless experience that respects busy lifestyles.

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Frequently Asked Questions

A good rule of thumb is 10-12 times your annual income. However, your specific needs depend on your debts, dependents, and financial goals. Our quote tool can help you determine the right coverage amount for your situation.

The term length determines how long your coverage lasts and your premiums remain fixed. Choose based on your coverage needs - for example, a 20-year term might align with your mortgage, while a 30-year term could cover you until retirement.

Most term life insurance policies require a medical exam, but some policies offer simplified underwriting for smaller coverage amounts. The exam is typically quick, free, and can be done at your home or workplace.

Yes! Most term policies include a conversion option, allowing you to convert to permanent life insurance without a new medical exam, typically within the first 10-20 years of your policy.

After completing your application and medical exam, most policies are approved within 2-6 weeks. Some simplified policies can be approved in just a few days.

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