By Habib Ur Rehman Bhatti · Sources and methodology
Real rate data · Ontario
Compare the exact profile below using dated Ontario insurer samples. Premiums are subject to underwriting; product features and eligibility differ.
Lowest shown sample
$17.55/mo · Empire Life
Sample rate, subject to underwriting. Not a guarantee.
| Insurer | Monthly | 12 monthly payments |
|---|---|---|
| Empire LifeLowest shown | $17.55 | $210.60 |
| Equitable Life of Canada | $17.78 | $213.36 |
| Foresters Financial | $18.00 | $216.00 |
| iA Financial Group | $18.45 | $221.40 |
| Manulife | $19.43 | $233.16 |
| ivari | $23.18 | $278.16 |
| Canada Protection PlanNo-medical · separate underwritingPreferred Term | $29.48 | $353.76 |
Sample premiums extracted September 10, 2026; subject to underwriting. Not all applicants qualify.
Each insurer prices the same risk with its own underwriting rules, health-class definitions and policy features. The spread is not a discount and not a promise of savings. Every figure is a dated sample extracted September 10, 2026 from insurer advisor portals and is subject to underwriting.
A 10-year initial term beginning at age 45 reaches approximately age 55. Consider when your obligations end; renewal terms and future premiums depend on the contract.
No-medical row is separate underwriting
The Canada Protection Plan row is its no-medical option, priced under separate rules, so it is not like-for-like with the medically underwritten samples above. This table shows only its least expensive no-medical plan at $29.48 a month. Its plans for this exact profile reach $79.20 across 3 published products, so that single row understates the no-medical range. See the no-medical comparison before treating that figure as its price. Subject to underwriting.
PEER GROUP
Ordered by lowest shown sample among non-smoking female applicants aged 40–50 buying $250,000 of 10-year term. Position describes published data only: a lower sample is not a better policy, because features, conversion options, eligibility and underwriting differ. Every figure is a dated sample, subject to underwriting.
It covers the 10 years from issue, so a policy issued to a female non-smoker aged 45 runs to about age 55. The premium is level for that initial period only; what happens at renewal, and at what price, depends on the contract and on the insurer's rates at the time.
Yes. Insurers in Canada rate life insurance using sex where provincial rules allow, so the $250,000 samples published here are for a female applicant aged 45 and are not interchangeable with the male-applicant figures. Subject to underwriting.
The samples on this page are for a non-smoker aged 45. Insurers ask how long ago tobacco use stopped and may still place recent use in a smoking class, so past use is worth disclosing up front. Subject to underwriting.
A 10-year term from age 45 reaches about age 55, which is often when a mortgage is retired or children become independent. Match the term to when the obligation ends rather than to the monthly figure alone.
It is the twelve monthly sample premiums added up, for a female non-smoker aged 45. It is not a quote for an annual payment plan, which an insurer may price differently.
That depends on your debts, dependants, income and existing assets rather than on age alone. $250K is the face amount published for a female non-smoker aged 45, so it can be compared like for like; size it with the coverage calculator or an Ontario advisor before applying.
This page prices $250,000 of 10-year term for a female non-smoker aged 45. At the same coverage a shorter term usually lowers the monthly sample and ends sooner, while a longer one usually costs more and covers past age 55. The related pages below link this same profile at other terms.
Browse every sample profile · More sample rates at age 45 · How 10-year term works · Life insurance in Ontario · Where these numbers come from · Term vs whole life · How these samples were built
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Compare real term life premiums from 7 Canadian insurers. Your lowest shown sample rate is free; unlock the full comparison with your name, email and phone. A licensed Ontario advisor confirms the rate you qualify for, subject to underwriting.