Topics

Life insurance offers and promotions 2024

SUMMARY

Some of the top Canadian life insurance providers offer limited-time promotional pricing on some of their insurance products from time to time. Check our website or speak with your advisors every now and then to see which company can offer the best rates for your needs.

IN THIS ARTICLE

If you’re looking for life insurance promotions so you can get financial security without paying an arm and a leg, you’re in luck! Heading into 2024, some of the top insurance companies in Canada are offering lower rates.

Life insurance does not go on sale in the traditional sense, but Canadian insurance companies can offer promotions to new customers from time to time.

Check out the list below to find out who’s offering promos and what kind of deals you can get right now!

Schedule a virtual video call with an advisor

Need insurance answers now?

Call 1-888-601-9980 to speak to our licensed advisors right away, or book some time with them below.

Which Canadian companies are offering life insurance promotions in 2024?

Right now, you can get life insurance promotions and offers from:

Manulife offers on term life insurance

Manulife logo

Manulife, one of Canada’s biggest insurance providers, has dropped rates for their Family Term life insurance product by up to 13% starting May 11, 2024.

New Term-10 or Term-20 life insurance policies will receive the new lower rate. This includes policies that are on the Vitality or Vitality Plus program.

Our experts rated Manulife as one of the best life insurance companies in Canada. Read our full Manulife Life Insurance Review to learn more.

Foresters offers on term life insurance

Foresters Whole Life Insurance

Foresters Financial is offering savings of up to 17% on new term life insurance policies as of January 2024. And, yes, the lower rates are permanent and will last for the entire rest of your term. Hint — these are the policies that will see the biggest drop in rates:

  • Term 10: Non-smokers, ages 35-45 – $500,000 to $1,000,000 in coverage
  • Term 20: Non-smokers, ages 30-50 – $250,000 to $1,500,000 in coverage
  • Term 30: Non-smokers, ages 30-45 – $500,000 to $1,000,000 in coverage

Read our full Foresters Life Insurance Canada Review to learn more about this product or contact our licensed insurance advisors to find out how you can get this deal.

Canada Life offers on term life insurance

canada life insurance review logo

Canada Life is offering savings of up to 16% on term life insurance and term life insurance riders added onto universal and participating whole life insurance policies as of October 2023. This includes:

  • Applicants who are 30 years old or younger
  • Applicants who are 55 years or older
  • Term length of 30 years
  • Coverage amount of $2 million to $4.99 million
  • And more

Our experts rated Canada Life as one of the best life insurance companies in Canada. Read our full Canada Life Insurance Review to learn more. 

Assumption Life offers on term life insurance

Assumption Whole Life

As of May 2023 and onwards, Assumption Life Insurance has lowered rates for its term life insurance product by up to 5%. Their Flex-Term product comes highly recommended, and you can still get built-in benefits and additional rider options.

Our experts rated Assumption Life as one of the best life insurance companies in Canada. Read our full Assumption Life Insurance Review to learn more. 

How can I find insurance promotions and offers?

You can get life insurance promotions and offers by checking out the best life insurance quotes in Canada online on our website! Compare the top providers in minutes to find the best deals.

You can also speak with an expert at PolicyAdvisor. Our team has experience with all of Canada’s largest insurance companies and can help you find the right coverage while taking advantage of these limited-time offers. Book some time with us today to find out how.

Some limitations apply. Please speak with our advisors for full policy details.

Need help?
Call us at 1-888-601-9980 or book time with our licensed experts.
SCHEDULE A CALL
By Jiten Puri
CEO & Founder, Insurance Advisor, LLQP
Connect with author

Want more like this in your inbox? Subscribe to our newsletter.