Compare the Right Term
for Your Needs
Choose from 10, 20, 30, or 40-year option to secure your family's financial safety net.
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Answer a few quick questions so we can match you with the right coverage
Key features of Sun Life term insurance
Sun Life term insurance gives you flexible, affordable coverage designed to protect what matters most.
Coverage from $25K to $5M+
Choose a coverage amount that fits your family's needs and financial obligations.
Flexible term lengths
Select terms from 10 to 40 years to match your specific protection timeline.
Affordable premiums
Lock in low rates that stay level for the entire duration of your selected term.
Convertible to permanent
Convert your term policy to permanent coverage without additional medical underwriting.
Renewable without medical exam
Renew your coverage at the end of the term regardless of changes to your health.
Tax-free death benefit
Your beneficiaries receive the full payout tax-free to cover expenses and maintain their lifestyle.
Compare your options for every stage of life
Choose the perfect fit, whether you are covering short-term needs or building a lasting legacy.
| Feature | Term 10 | Term 20 | Most PopularTerm 30 | Term 40 | Permanent |
|---|---|---|---|---|---|
| Best for | Short-term financial needs | Families & mortgages | Long-term income replacement | Longest temporary protection | Lifetime protection & estate planning |
| Coverage duration | 10 years | 20 years | 30 years | 40 years | Lifetime |
| Coverage amount | $50K – $25M | $50K – $25M | $50K – $25M | $50K – $25M | $50K – $25M |
| Premium type | Level for term | Level for term | Level for term | Level for term | Level for life |
| Renewable | N/A | ||||
| Convertible to permanent | Already permanent | ||||
| Tax-free death benefit | |||||
| Underwritten by Sun Life | |||||
| Advisor support included | |||||
| Increase coverage at life events | |||||
| No-medical options | |||||
| Online application |
Eligibility varies. All products are underwritten by Sun Life Assurance Company of Canada.
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A trusted name backed by 160+ years of experience
Sun Life Insurance helps protect your family's financial future with flexible Sun Life term life insurance plans built around your unique needs. Whether you are looking for a short-term safety net or long-term security, from a Sun Life 10 year term up to 40 years, we make it easy to compare your Sun Life term insurance cost and find coverage that aligns with your budget.
Through Prospr by Sun Life, you can confidently apply for Sun Life insurance online, or connect with a licensed advisor who will guide you through your options and help you choose coverage with clarity and confidence.
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Cost of Sun Life term insurance in Canada
Your life insurance premium depends on factors like age, gender, coverage amount, term length, and overall health, but term life insurance coverage is often more affordable than you might think.
SunLife life insurance plans make it easy and accessible to protect your family's financial future with flexible, budget-friendly options. Here are some sample rates.
Your exact cost will vary based on your coverage and term. A licensed advisor from Sun Life can help you find the right coverage for your needs and budget at no cost.
Illustrative rates only. Based on $500,000 Term 10 coverage for non-smoker in regular health. Actual premiums vary. Contact an advisor for a personalized quote.
Ready to see your personalized rate?
Get a custom quote and lock in the right coverage for your family.
How to choose the right term length
Picking the perfect policy doesn't have to be complicated. Your coverage should last as long as your biggest financial obligations. Explore the timelines below to find your fit.
Why Canadians choose Sun Life
- Financial security for your loved ones
Sun Life insurance provides a tax-free benefit to help your family manage everyday expenses, pay off debts, replace income, and secure their future when you pass away. - Flexible plans for every life stage
Choose from temporary term or permanent whole life insurance options that evolve with your needs. - Affordable and customizable plans
With Sun Life, you can easily find a plan that fits your budget with coverage starting at just a few dollars a day. - Expert guidance, no pressure
Get a free consultation with a licensed advisor who helps you understand your options and choose confidently. - Trusted by millions of Canadians
With 160+ years of experience, Sun Life is one of Canada's most reliable and respected life insurance providers.
FAQs
Everything you need to know about Sun Life life insurance.