30 year term life insurance in Ontario — sample rates, dated and disclaimed

Reviewed by Habib Ur Rehman Bhatti, licensed Ontario life insurance advisor (LLQP) · Rate extract: September 2026

Quick answer

A 30-year term locks your premium for three decades, usually past the end of a mortgage and into retirement. It has the highest starting premium of the standard terms and the least renewal risk. It suits someone who wants the coverage to run until their dependants are financially independent and does not want to re-qualify on health later. Every figure on this page is a dated Ontario sample and is subject to underwriting.

Term 30 covers the longest common need: a 30-year mortgage, children who are not yet born, or professionals protecting income until a full career runs its course.

See every coverage amount side by side in life insurance in Ontario — sample rates by age.

Quick answer: 30 year term life insurance in Ontario starts at about $53.82/month for a 35-year-old male non-smoker with $500,000 of coverage, and about $102.59/month for a 45-year-old female non-smoker. These are sample rates from dated advisor portals, ranked lowest shown first — your final premium is set at underwriting.

How term life insurance works in Ontario · Instant quote

2,960 real rates5 carriers publishingIssue ages 18–55Updated September 2026

What 30 year term life insurance actually costs in Ontario

Two live examples from our dataset. The highlighted row marks the lowest shown premium; a "—" means the carrier doesn't publish a rate for that exact profile.

Sample: 35 · male · non-smoker · $500,000 · monthly

$500,000 · 30-year term · 35 · male · non-smoker · monthly

Insurer	Monthly
Equitable Life of CanadaLowest shown	$53.82≈ $645.84/yr†
Empire Life	$54.45≈ $653.40/yr†
Foresters Financial	$54.90≈ $658.80/yr†
iA Financial Group	$57.15≈ $685.80/yr†
ivari	$79.65≈ $955.80/yr†
ManulifeNo 30-yr product in our data	—
Canada Protection PlanNo 30-yr product in our data	—

† Annual = monthly × 12, illustrative; annual billing may be lower at some carriers.

Rates extracted September 2026 from insurer advisor portals. Updated monthly. Actual premiums depend on underwriting.

Sample: 45 · female · non-smoker · $500,000 · monthly

$500,000 · 30-year term · 45 · female · non-smoker · monthly

Insurer	Monthly
Equitable Life of CanadaLowest shown	$102.59≈ $1231.08/yr†
Empire Life	$102.60≈ $1231.20/yr†
Foresters Financial	$108.00≈ $1296.00/yr†
iA Financial Group	$108.45≈ $1301.40/yr†
ivari	$133.20≈ $1598.40/yr†
ManulifeNo 30-yr product in our data	—
Canada Protection PlanNo 30-yr product in our data	—

† Annual = monthly × 12, illustrative; annual billing may be lower at some carriers.

Rates extracted September 2026 from insurer advisor portals. Updated monthly. Actual premiums depend on underwriting.

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Who a 30-year term fits

New 25–30 year mortgages
Young families planning multiple children
Maximizing level coverage per dollar over a career

Strengths

Level pricing all the way to retirement age for young buyers
No mid-plan renewal shock at year 10 or 20

Trade-offs

Higher premium than shorter terms at the same age
Strict issue-age limits — many carriers stop near age 55–60

Carriers publishing 30-year rates in our dataset

Empire Life · Equitable Life of Canada · Foresters Financial · iA Financial Group · ivari. Rates were extracted from each carrier's advisor portal; availability and prices depend on the exact profile. Not all applicants qualify — final premiums are set by underwriting.

Because carriers accept fewer issue ages on longer terms (most stop issuing new T30 policies around age 55–60), older applicants will see more "—" rows below. Those gaps are honest: we never invent a number where a carrier publishes none.

Term life in Ontario · 10 year term · 20 year term · 25 year term · 30 year term · What term life costs · Travel · Rate calculator

Sample rates by age: 20 · 25 · 30 · 35 · 40 · 45 · 50 · 55 · 60

Term 30 life insurance — common questions

What is 30 year term life insurance?

30 year term life insurance (also written "term 30") charges one level premium for three decades — the longest common level term. If you die during the term, your beneficiary receives the tax-free death benefit. Young buyers can hold level pricing all the way to retirement age with no renewal shock at year 10 or 20.

How much does 30 year term life insurance cost in Ontario?

It depends on your age, sex, smoking status and the insurer. The two sample tables on this page show real advisor-portal premiums for a 35-year-old man and a 45-year-old woman, $500,000 each, with the lowest shown premium highlighted. These are sample rates, subject to underwriting.

What happens when a 30-year term ends?

By year 30 most buyers are near or past retirement, so the renewal decision usually comes down to whether a need remains. If it does, options include re-applying with fresh underwriting or converting to permanent coverage if the policy allows it.

Who should buy Term 30?

Buyers with a new 25–30 year mortgage, young families planning for more children, and professionals protecting income for a full career. Issue-age limits are strict — most carriers stop issuing new Term 30 policies around age 55–60 — so it rewards buying young.

Want this 30 year term profile priced properly?

Leave your name, number and email and a licensed Ontario advisor will call — usually Habib. No brokerage fee; the insurer pays the brokerage if you buy.

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Age45

1875

Coverage amount

Term length

Sex

Smoker

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Updating rates…

$500,000 · 30-year term · 45 · female · non-smoker · monthly

Insurer	Monthly	Action

† Annual = monthly × 12, illustrative; annual billing may be lower at some carriers.

Rates extracted September 2026 from insurer advisor portals. Updated monthly. Actual premiums depend on underwriting.