Meta Pixel tracker

Nous utilisons des cookies pour mesurer l’audience et améliorer votre expérience. Vous pouvez accepter ou refuser. Consultez notre https://www.assur360.ca/en/privacy-policy-and-personal-information/.

Life Insurance Quote 2026 | About $20/month (indicative)

Compare multiple life insurers in 3 minutes

Beneva, iA, Manulife, Sun Life, Empire — a partner firm registered with the AMF is shopping for you. No fees, no commitment, no pressure. Approximately $20/month in 2026 (indicative price, varies by profile).

Soumission assurance vie (#49) @Enzo
  • Montant
  • Identité
  • Coordonnées
  • Profil
  • Consentement
3 min
To fill out the form
5+
Insurers Compared
24 hrs
Average response time
100 K+
Quebecers served since 2014

3 types of life insurance: which one is right for you?

There is no such thing as just one life insurance policy. Depending on your age, financial obligations, and budget, the right product will vary. Here are the 3 major families available in Quebec.

⏱️

Temporary (T10, T20, T25, T30)

Coverage for a fixed period of time — often based on the term of the mortgage. The most affordable, ideal for protecting a loan or young children.

From around $15/month for $250,000 (indicative price)

♾️

Permanent (Whole Life)

Lifetime coverage with cash value that accrues. More expensive, but a transferable and stable financial asset.

From around $80/month for $100,000 (guide price)

📈

Universal

A hybrid between permanent and placement. You can adjust the premiums and invest the surplus with a tax shelter. For advanced profiles.

Tailor-made according to the wealth strategy

How it works

1

You fill out the form (3 min)

Amount, duration, health profile. An advisor from a partner firm will receive your request immediately.

2

Comparison of several insurers (24 h)

Beneva, iA, Manulife, Sun Life, Empire — the partner firm’s advisor compares quotes based on your profile.

3

You choose and sign online

No commitment before signing. Coverage that begins as soon as the insurer approves it (often without a medical exam for moderate amounts).

Individual Life Insurance vs. Bank Mortgage Insurance

Life Insurance
CriterionIndividualBank insurance
Paid-up capitalFixed (amount subscribed)Decreasing (mortgage balance)
BeneficiaryYou choose Thebank (repays the loan)
CostGenerally LowerHigher (group premium)
PortabilityFollows you for lifeDisappears if you change banks
Medical ExamUpon Purchase, Lifetime WarrantyVerified Upon Claim (Denial Possible)
FlexibilityEditable, ConvertibleNone (Fixed)

💡 TO KNOW

Term life insurance (T20 or T25) meets most of the common needs of many Quebecers: protecting a mortgage, guaranteeing children’s education, replacing income for 20-30 years. Don’t pay for a permanent one if a term is enough — keep the difference for your RRSP or TFSA.

How much does life insurance cost in Quebec in 2026?

Here’s an estimate of the monthly premiums for $500,000 20-year term (T20) life insurance , a healthy non-smoker:

woman male
AgeNon-smokingNon-smokingSmoking (×2.2)
30 years$21/month$25/month≈ $55/month
40 years$31/month$38/month≈ $84/month
50 years$75/month$95/month≈ $209/month
60 years old$195/month$245/month≈ $539/month

2026 indicative estimates based on average prices for Beneva, iA, Manulife, Sun Life and Empire. Your exact price depends on your complete health profile.

Assur360 throughout Quebec

Our partner firms serve all of Quebec, including Montreal, Quebec City, Laval, Longueuil, Gatineau, Sherbrooke, Trois-Rivières and Saguenay. 100% online quotes and signatures — no need to travel.

Frequently asked questions

How much does life insurance cost in Quebec?
For a healthy non-smoker: $21 to $25/month at age 30, $31 to $38 at age 40, $75 to $95 at age 50, for a principal amount of $500,000 in T20. Smokers pay about 2.2× more. Use the form at the top for an estimate according to your profile.
What is the difference between temporary and permanent?
Term (T10, T20, T25, T30) covers a fixed, moderately costed period of time — ideal for a mortgage or young children. The perm covers your entire life and accumulates a cash value, but costs 4 to 6× more. For the majority of families, a temporary one is more than enough.
Do I need to have a medical exam?
For most amounts up to $500,000, a simple health questionnaire is sufficient. Beyond that, a blood and urine test may be requested depending on your age and history. The partner firm’s advisor will confirm this before signing.
Is life insurance necessary if I already have mortgage insurance from the bank?
Yes, and it is even highly recommended. Bank insurance decreases with your balance and benefits the bank, not your family. Individual life insurance pays the full principal to your beneficiaries, who choose how to use it (mortgage, education, retirement fund).
Is the death benefit taxable?
No. In Canada, the death benefit paid to designated beneficiaries is 100% tax-free. It is also excluded from the estate (not included in the will), which avoids probate delays and fees.
Can I change a temporary to a permanent later?
Yes — most temporary contracts (T20, T25) include a conversion clause allowing you to switch to permanent without a new health questionnaire, usually before the age of 65-70. A valuable option if your health deteriorates.
How much cover should I choose?
Simple rule: 5 to 10 times your gross annual income. For a $60,000 employee, count $300,000 to $600,000. Add the balance of your mortgage and an amount for the education of the children if applicable. The advisor of the partner firm calculates a specific amount according to your situation.
Why go through a partner firm rather than directly through an insurer?
The advisor of a partner firm compares several insurers in a single application. He represents you, not the insurer, and his service is free for you (he is paid by the insurer).

Why choose Assur360

✓Partner firms registered with the AMF and members of the Chambre de l’assurance
✓Comparison of several insurers (Beneva, iA, Manulife, Sun Life, Empire)
✓More than 100,000 Quebecers served since 2014
✓Free service for you and without obligation
✓ 100% online quote and signature
✓ Confidential and Bill 25 compliant data

Also available: critical illness and disability

Scroll to Top