What is term life insurance?

Term life insurance is affordable, easy-to-understand coverage that gives you flexible protection.

Your insurance costs will remain the same for a specific period of time (the "term"), until it renews for another term. If you die while the policy is in effect, a tax-free payment will go to the person or people you name (your "beneficiaries"). And with most term policies, you can also convert your coverage to permanent insurance regardless of any changes to your health, occupation or lifestyle.

Is term life insurance right for you?

Term insurance is an effective solution if you are:

  • Looking for affordability and value
  • Looking for temporary protection (for example, to cover a mortgage or business loan, or until your children are finished school)
  • A business owner who needs key person protection and/or a way to fund buy/sell agreements

Types of term life insurance:

Sun Life Go Simplified Term Life Insurance

  • Life insurance for $50,000, $75,000 or $100,000
  • Monthly payments are guaranteed to stay the same for the first 10 years
  • Answer three simple health questions and apply online in just minutes

Learn more about Sun Life Go Simplified Term Life Insurance

Get a quote on Sun Life Go Simplified Term Life Insurance

Sun Life Go Term Life Insurance

  • Affordable life insurance from $100,000 to $1 million
  • Monthly payments are guaranteed to stay the same for the first term of 10 or 20 years
  • Answer some health questions about your health to apply online

Learn more about Sun Life Go Term Life Insurance

Get a quote on Sun Life Go Term Life Insurance

SunSpectrum Term Insurance

  • SunSpectrum Term provides coverage in amounts between $50,000 and $15 million
  • Premiums are guaranteed and coverage is available for terms of 10, 15, 20 or 30 years

Learn more about SunSpectrum Term Insurance

Speak with an advisor

SunTerm Insurance

  • SunTerm provides coverage in amounts between $250,000 to $15 million
  • Premiums are guaranteed and coverage is available for terms of 10, 15, 20 or 30 years

Learn more about SunTerm Insurance

Speak with an advisor

Reader's Digest Trusted Brand 2018

Why Sun Life?

For the 9th year in a row, Sun Life Financial was chosen as the “Most Trusted Life Insurance Company,” according to the 2018 Reader's Digest Trusted Brand™ Survey. Since the inception of the Reader's Digest Most Trusted Brand™ award, Canadians voted Sun Life the Gold Winner in the Life Insurance Company category.

The Ipsos Canada poll, conducted on behalf of Reader's Digest, asked more than 4,000 Canadians to name the brand they trust most in 30 product categories.


Get term life insurance

Term life insurance can be a key part of your financial plan. Speak with an advisor to determine the right life insurance for your needs or get a quote online.

Get a quote online

It's really easy to apply for Sun Life Go Insurance online. Get a quote online or read more about the products above.

Speak with an advisor

Get a quote on SunSpectrum or SunTerm Life Insurance through your advisor, or find an advisor near you. There’s no cost to talk to an advisor.

Get more protection with critical illness insurance

Backing up your term life insurance policy with critical illness insurance gives you and your family more protection, whatever your future holds.

Learn more about critical illness insurance