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CAA Term Life Insurance

Your life insurance needs change depending on what stage you're at in life. Major events like getting married, having a baby, buying a new home, starting your own business or nearing retirement can also increase your need for protection.

Understanding that each person's life insurance coverage needs are unique, we offer three different Term Life Insurance plans, so you can choose the one that best meets the individual needs of you and your family - no matter where you're at in life.

Single or newly married? Protect your loved ones over the short term with low rates.

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5-Year Term Life Insurance

Looking for simple, straightforward, low-cost life insurance coverage?

CAA 5-Year Term Life Insurance is a great short-term solution – giving you an easy, affordable way to help protect your family and assets.

Because it's "pure" life insurance with no cash accumulation, term life insurance premiums are typically lower than permanent life insurance. This allows you to buy more coverage for less, thereby helping provide financial security for your loved ones in case something happens to you. Plus, your coverage can increase by 5% every year – without providing additional medical information.

Available to Canadian residents aged 18 to 70.

Affordable life insurance coverage is available in amounts from $50,000 up to $500,000.

Why the CAA 5-Year Term Life Plan is the right choice:

  • Automatic Increase Benefit – you can choose to increase your coverage amount by 5% each year beginning on your first policy anniversary (for up to 10 years) to meet your growing insurance needs.
  • Life insurance coverage increases by 5% every year – your coverage amount automatically increases by 5% each year (for up to 10 years) to meet your growing insurance needs
  • Living Benefit cash advance – you could receive an advance of up to 50% (max. $100,000) of your life insurance coverage if you are diagnosed as terminally ill with 12 months or less to live
  • Life insurance coverage is guaranteed renewable – once approved, your life insurance coverage is guaranteed renewable up to age 75, regardless of any changes in your health
  • Option to convert to 20-Year Term Life or permanent life insurance – before age 56, you can convert your life insurance coverage to 20-Year Term Life or a permanent life insurance policy offered by Manulife - without additional medical information required
  • Includes Health Service Navigator® – receive information, medical co-ordination services and resources on how to navigate the Canadian healthcare system. And, get a second opinion from world-class specialists, if desired

Take the next step today

Get your free, no-obligation quote or apply online now.

Monthly 5-Year Term Life Insurance Rates

Exclusions and Limitations

No benefit is payable under the CAA 5-Year Term Life Insurance Plan in the case of suicide, while sane or insane, within two years of the effective date of the coverage. We will instead return all premiums paid, without interest.

This is not a contract. Actual terms and conditions are detailed in the certificate issued by Manulife upon final application approval. It contains important details concerning exclusions, conditions and limitations. It is important that you read your insurance certificate when you get it to understand exactly what you are covered for.

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* Health Service Navigator® is offered through The Manufacturers Life Insurance Company (Manulife). Manulife cannot guarantee its availability. Reasonable efforts will be made to provide a similar benefit if necessary.

Married, young family, own a home? Secure your family's lifestyle over the long term with affordable rates.

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20-Year Term Life Insurance

Need simple, affordable life insurance to safeguard your growing family and financial responsibilities?

CAA 20-Year Term Life Insurance provides great long-term life insurance coverage – giving you an easy, affordable way to protect your loved ones and assets.

Because it's "pure" life insurance with no cash accumulation, you can lock in at a low 20-year guaranteed rate – allowing you to buy the most coverage for the least cost – giving your loved ones greater protection and you greater confidence, knowing that if the unthinkable happens the people who depend on you and any outstanding debts like the mortgage, credit cards, line of credit, tuition costs and car loans have been taken care of.

Available to Canadian residents aged 18 to 55.

Affordable life insurance coverage is available in amounts from $50,000 up to $1,000,000.

Why the CAA 20-Year Term Life Plan is the right choice:

  • Insurance rates are locked-in for 20 years – your life insurance rates are guaranteed not to increase for 20 years – regardless of your age or health
  • Living Benefit cash advance – you could receive an advance of up to 50% (max. $100,000) of your life insurance coverage if you are diagnosed as terminally ill with 12 months or less to live
  • Save with volume discounts – enjoy a 25% discount on coverage amounts of at least $250,000 and a 30% discount on coverage of $500,000 or more
  • Life insurance coverage is guaranteed renewable – once approved, your life insurance coverage is guaranteed renewable up to age 75 regardless of any changes in your health, and cannot be cancelled as long as your life insurance premiums are paid
  • Option to convert to permanent life insurance – at any time before age 71 you can convert your life insurance coverage to a permanent life insurance policy offered by Manulife – without additional medical information required

Take the next step today

Get your free, no-obligation quote or apply online now.

Monthly 20-Year Term Life Insurance Rates

Exclusions and Limitations

No benefit is payable under the CAA 20-Year Term Life Insurance Plan in the case of suicide, while sane or insane, within two years of the effective date of the coverage. We will instead return all life insurance premiums paid, without interest.

This is not a contract. Actual terms and conditions are detailed in the policy issued by Manulife upon final application approval. It contains important details concerning exclusions, conditions and limitations. It is important that you read your insurance policy when you get it to understand exactly what you are covered for.

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Married, children in college, mortgage? Help safeguard what matters for a lifetime with locked-in rates.

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Lifetime Protection Insurance

Want to make sure you have lifetime insurance protection in place to help safeguard your loved ones, even after your employer plan ends when you retire or when most term life plans expire at 75 or 80?

The CAA Lifetime Protection Plan provides great permanent life insurance coverage – giving you an easy, affordable way to help protect your loved ones and assets, throughout the entire course of your lifetime.

Because it's "pure" life insurance with no cash accumulation, you can lock in at a low rate that is guaranteed to never increase, regardless of any changes in your health – allowing you to have protection even if you live past 100 – and giving you greater confidence, knowing that when you are no longer here, you have helped take care of your loved ones.

Available to Canadian residents aged 18 to 75.

Affordable life insurance coverage is available in amounts from $50,000 up to $500,000.

Why the CAA Lifetime Protection Plan is the right choice:

  • Protection is in effect for your entire lifetime – once you are 100 years old, the life insurance policy is fully paid up. However, your insurance coverage will remain in force with no further payment
  • Lifetime Protection Insurance rates are locked-in forever – your life insurance rates are guaranteed never to increase regardless of any changes in your health
  • Savings of up to 20% every year – enjoy 15% off for life insurance coverage amounts of $250,000 or more. Plus, save an additional 5% if you pay your life insurance premiums annually
  • Living Benefit cash advance – you could receive an advance of up to 50% (max. $100,000) of your coverage if you are diagnosed as terminally ill with 12 months or less to live

Take the next step today

Get your free, no-obligation quote or apply online now.

Monthly Lifetime Protection Insurance Rates

Exclusions and Limitations

No benefit is payable under the CAA Lifetime Protection Plan in the case of suicide, while sane or insane, within two years of the effective date of the coverage. We will instead return all premiums paid, without interest.

This is not a contract. Actual terms and conditions are detailed in the policy issued by Manulife upon final application approval. It contains important details concerning exclusions, conditions and limitations. It is important that you read your insurance policy when you get it to understand exactly what you are covered for.

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