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Give yourself peace of mind
Protect your family and your estate with term life insurance. Compare the prices of term insurance with our most competitive partners in Quebec. Complete the following online life insurance form and you will get the best offer on the market among the 12 largest Canadian insurers. Challenge us to find the best price for your insurance through our partners!
Life insurance company comparison tool
Our comparison tool will allow you to compare among all life insurance companies in Quebec to identify which one will best meet your needs. Fill out the short 5-question form by first choosing the type of insurance you need. Press one of the two orange buttons on your right to get started.Information about online life insurance
Online personal insurance: To financially protect your family or business provides peace of mind from generation to generation. Most of the time, people underestimate the impact that the premature death of one of the family’s financial supporters could have on daily living standards. PERSONAL INSURANCE, where the death benefit is tax-free, is an essential way to provide your loved ones with the financial support needed to allow life to go on.Term life insurance
Term life insurance protection offers you the following advantages: * Term life insurance protection at low cost with guaranteed premiums that provides coverage for the period you choose. * A guaranteed death benefit, premiums, policy fees and conversion options for the duration of your insurance. * A known and guaranteed renewal term insurance premium. * The possibility to benefit from preferred pricing and thus obtain a more advantageous premium. * Flexible term coverage that can be converted to permanent protection based on your needs. * A range of additional benefits to customize your protection such as hospitalization and long-term care insurance, paramedical care in case of accident, protection in case of serious illness, income protection in case of accident or illness and many more. Permanent personal insurance: Permanent protection offers you the following advantages: * Permanent life insurance is an interesting option at all stages of your life because it offers you protection where you choose the payment period but for which you are insured for life and which provides you with a surrender value * Your permanent life insurance premiums, your death benefit and surrender values are guaranteed. No surprises, no worries * Different payment options for your permanent life insurance * You can choose to be freed from paying premiums after 10, 15 and 20 years and even up to 30 years (child protection) or up to 65 or 100 years. You can thus set your budget according to your priorities * You customize your contract, at its issuance or at any other time, thanks to a wide choice of endorsements and additional benefits
Insurance for children
* The Duo child life insurance and child health insurance is a simple, unique and comprehensive insurance solution to protect your child (ages 0 to 20). Payable until your child reaches age 30, this life insurance has the distinction of paying a benefit equal to 50% of the death benefit if a serious illness diagnosis is made before the end of the premium payment period
* For all child protections subscribed between ages 0 and 20 (except T100), we guarantee that the insured will be able, as an adult, to increase their protection, regardless of their health status.
* Healthy habits pay off! Children insured between ages 0 and 14 benefit from a 40% increase in their initial protection starting in adolescence if they meet certain health criteria, at no additional cost.
Life insurance for all types of loans (mortgage, personal loan, line of credit etc.)
Permanent protection offers you the following advantages:
You chose your home with great care. Online loan insurance allows you to enjoy it with complete peace of mind as it protects the investment of your life. Go ahead! Enjoy the joys and unforgettable moments your home will bring you- Individual online mortgage insurance that you own, unlike group-based protection as offered by most financial institutions;
- Protection against rising interest rates since premiums are uniform and guaranteed for the entire duration of the term
- The possibility of obtaining benefits that cover your mortgage payments in case of disability or serious illness
- The choice of individual or joint life insurance protection based on your personal situation, which allows you to benefit from an appreciable premium reduction
- The advantage of keeping your insurance even if you refinance or change lenders. Your coverage remains in force
- The privilege of converting your mortgage insurance to regular online life insurance without having to answer health questions;
- The possibility of naming a beneficiary other than your financial institution
The freedom, for your heirs, to use the benefits to repay your loan or to meet more pressing needs since the insurance benefit is paid to the beneficiary and not to your lending institution.Practical tips: – Some life insurers allow non-smoker classification for online life insurance if there is only occasional use of cigars or pipe. – If you take medications to successfully control your blood pressure or cholesterol, you are probably eligible for a standard life insurance premium online. – In Canada, an alarming percentage of people qualify for life insurance for a better health classification, and consequently lower premiums. The plan they participate in is often less than competitive. – We have several practical options for taxes related to online life insurance that can benefit self-employed workers and small business owners. – Death benefit, survivor allowance and life annuity are all synonyms for similar products including whether personal insurance or pension money is paid. – It is important to consider taxes, which can make a big difference in the amounts paid to the beneficiaries of a deceased person.
Frequently asked questions — Life insurance Quebec
Why do I need life insurance?
Life insurance ensures the financial security of your loved ones if you die prematurely. It allows you to repay the mortgage, maintain your family’s standard of living, pay funeral expenses and debts, and replace your income. If people depend financially on you, life insurance is essential.
What is the difference between term and permanent life insurance?
Term life insurance protects you for a defined period (10, 20 or 30 years) and is generally less expensive. It is ideal for covering a mortgage or protecting dependent children. Permanent life insurance (universal or whole life) covers you for life and can accumulate a surrender value, but premiums are higher.
How much life insurance should I have?
A general rule is to insure yourself for 7 to 10 times your gross annual income. You must also consider your mortgage balance, your debts, your children’s future needs (education, etc.) and the income your spouse will need to replace. An AccesDirect broker can do a personalized analysis of your actual needs.
Do pre-existing conditions affect my life insurance eligibility?
Yes, certain medical conditions can result in an extra premium, specific exclusions or, in serious cases, denial. It is important to be honest in your application — any misrepresentation can invalidate the policy at the time of death. A broker can guide you to insurers most open to your health profile.
How do I name a beneficiary and why is it important?
The beneficiary is the person who will receive the capital at the time of your death. Naming a beneficiary (spouse, children, etc.) prevents the capital from going through your estate, speeds up payment and protects the capital from creditors. You can change your beneficiary at any time if the designation is revocable.
Is the death benefit taxable in Canada?
No, the life insurance benefit paid to your named beneficiary is generally tax-free in Canada. This is one of the important tax advantages of life insurance. If the capital is paid to your estate rather than to a named beneficiary, it could be part of the succession assets subject to fees and delays.
Is my group life insurance at work sufficient?
Group insurance offered by employers is often limited to 1 or 2 times your annual salary, which is generally insufficient for people with dependents, a mortgage or significant debts. In addition, it disappears if you change jobs. A supplemental personal policy is strongly recommended.
What is the cost of life insurance in Quebec?
The cost varies depending on your age, your health status, whether you smoke or not, the type of policy and the amount insured. A T-20 term life insurance policy of $500,000 can cost between $30 and $80 per month for a healthy adult in their thirties. The longer you wait, the higher the premiums will be. Comparing early is beneficial.
Can I convert my term insurance to permanent insurance?
Most term life insurance policies include an option to convert to permanent insurance, without a medical exam, before a certain date (often age 65). This is an important advantage if your health deteriorates over time. Check if your policy includes this clause when purchasing.
What happens if I stop paying my life insurance premiums?
For term insurance, the policy is suspended after a grace period (usually 30 days) and you lose your protection. For a permanent policy with a surrender value, options may exist: temporary suspension, use of accumulated value or conversion to a paid-up policy. Consult your broker before making a decision.