Life insurance for Ontario
Term life insurance quotes, Ontario.
Your coverage. Your comparison.
Real premiums from Canadian insurers. Compare first. Ask Habib for help when you’re ready.
Quick answer
Term life insurance in Ontario is priced on your age, the sex used for pricing, smoking status, health history, the coverage amount you choose and the term length. The tool below compares 10, 20 and 30-year samples, because those are the terms most insurers in our extract publish for. Term 25 exists too but only two insurers quote it, so it has its own guide rather than a comparison. A comparison shows a dated sample rate from each insurer; it is not an offer of coverage. Every application is subject to underwriting, and the final premium can differ from the figure shown. To compare fairly, hold the coverage amount and term constant across insurers, then weigh renewability and conversion options before deciding.
What a $500,000 Term 20 quote looks like today
Three real profiles from our extract — the number of insurers that publish a rate, and the lowest shown monthly sample premium for each. Run the comparison above for your exact profile.
| Profile | Rates found | Lowest shown monthly | Carrier (lowest shown) |
|---|---|---|---|
| 30-year-old male, non-smoker | 6 | $29.25 | Empire Life |
| 35-year-old male, non-smoker | 6 | $30.35 | Equitable Life of Canada |
| 45-year-old female, non-smoker | 6 | $50.85 | Empire Life |
Real advisor-portal premiums, extracted September 2026. Sample rates, subject to underwriting — your final premium is set when an insurer underwrites you.
What $500,000 of 20-year term costs in Ontario
The lowest published monthly sample premium for $500,000 of 20-year term, non-smoker, by age and sex, from our dated advisor-portal extract. The six medically underwritten insurers are compared like for like here; Canada Protection Plan's no-medical options are underwritten differently and are compared on their own page, so the table below does not include them. Lowest shown, ordered from the lowest published sample down. A sample rate is a starting point, not an offer — final pricing is set at underwriting.
| Sex | 25 | 30 | 35 | 40 | 45 | 50 | 55 |
|---|---|---|---|---|---|---|---|
| Male | $29.05 | $29.25 | $30.35 | $44.10 | $70.11 | $120.82 | $213.29 |
| Female | $20.25 | $20.25 | $22.50 | $32.85 | $50.85 | $82.35 | $152.09 |
The lowest published sample is held by Equitable or Empire Life depending on the age and sex shown — the carrier with the lowest published sample changes profile by profile, which is exactly why comparing all seven at once matters.
If you smoke
Smokers are quoted in a separate rate class. The cells below show the published sample range for each age — the spread is wide, so comparison matters most here. Sample rates, subject to underwriting.
| Sex | 25 | 30 | 35 | 40 | 45 | 50 | 55 |
|---|---|---|---|---|---|---|---|
| Male | $50.40–$122.40 | $55.80–$141.30 | $79.65–$205.20 | $125.54–$306.90 | $206.99–$482.40 | $343.78–$831.60 | $559.77–$1354.05 |
| Female | $32.40–$102.60 | $39.60–$125.55 | $61.42–$153.00 | $90.90–$249.75 | $135.89–$372.15 | $212.40–$545.40 | $332.10–$816.75 |
Sample rates, subject to underwriting. No-medical and simplified-issue options are compared separately.
Common questions about term life quotes in Ontario
- How much is $500,000 of 20-year term life insurance in Ontario?
- From our dated advisor-portal extract, the lowest published monthly sample for a 25-year-old male non-smoker is $29.05 and at 45 it is $70.11. For a female non-smoker the same coverage is $20.25 at 25 and $50.85 at 45. These are the lowest shown across the seven insurers we track — sample rates, subject to underwriting.
- Why do quotes for the same person differ between insurers?
- Each insurer underwrites the risk itself and prices for its own target customer. The same age, sex, smoking status, coverage and term can be quoted differently by different carriers, and the ranking changes profile by profile. That is why comparing all seven at once is worth more than shopping one insurer harder.
- How much more do smokers pay for term life insurance in Ontario?
- Smoking moves the premium more than almost anything else you can change. In our extract, a 45-year-old male smoker with $500,000 of 20-year term is quoted between $206.99 and $482.40 a month depending on the carrier, against $70.11 at the lowest shown for a non-smoker of the same age. Every figure is a sample rate, subject to underwriting.
- Is the price I see here my final premium?
- No. Every number on this site is a sample rate taken from an insurer advisor portal on a dated extract. Your final premium is set by the insurer when it underwrites your application — health, eligibility and current insurer pricing all feed into it. Treat the quote as a starting point, not an offer.
- Do I need a medical exam to get a firm quote?
- It depends on the coverage amount, your age and your health history. Medically underwritten term usually needs a health questionnaire and often paramedical screening at higher coverage. Simplified-issue and guaranteed-issue products, such as Canada Protection Plan's, ask fewer health questions and are compared separately on our no-medical page.
- Can I see quotes without giving my name, email or phone?
- Yes. The comparison runs on your age, sex, smoking status, coverage and term — nothing else. No name, email or phone number is needed to see the real sample rates. Contact details are only requested if you want a licensed Ontario advisor to follow up.
- How long does it take to get covered in Ontario?
- A medically underwritten term application typically takes a few weeks from submission to a decision, depending on how quickly the medical requirements are completed. Simplified-issue products can move faster because they ask fewer health questions. A licensed advisor can tell you what a specific carrier currently needs for your profile.
- Which term length should I quote?
- Match the term to the number of years you actually need the coverage — usually a mortgage or the years your income supports someone else. Term 20 is the most common for Ontario families. We compare 10, 20 and 30-year sample rates for your own profile in the tool above; 25-year samples exist in our extract too, but only two insurers publish them, so that comparison is narrower and is covered on the Term 25 guide instead.
How does a term life quote on QuoteCompass work?
QuoteCompass compares dated standard term samples from Empire Life, Equitable Life of Canada, Foresters Financial, iA Financial Group, Manulife and ivari for Ontario profiles. Canada Protection Plan no-medical options are compared separately. You choose the coverage amount, term length, age, sex and smoking status, and the comparison ranks every published rate for that exact profile from the lowest shown to the highest shown. No name, email or phone number is needed to see the rates, and there is no broker fee: if you buy a policy, the insurer pays the brokerage a commission, which we disclose. The premiums are real advisor-portal samples, extracted on the date shown below and subject to underwriting — health, eligibility and current insurer pricing determine your final offer, so a sample is a starting point rather than an offer. If you want help, request a follow-up from Habib, your Ontario advisor.
Want a licensed Ontario advisor to check your numbers?
Leave your name, number and email and a licensed Ontario advisor calls — usually Habib. No brokerage fee; the insurer pays the brokerage if you buy.