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Why The Canadian Tire Term Life Insurance Plan?

The Canadian Tire Term Life Insurance Plan is a reliable, easy insurance solution. It is straightforward coverage that is there for the ones you love when they need it.

This Plan is sponsored by Canadian Tire Financial Services Limited and underwritten by The Canada Life Assurance Company, two respected Canadian organizations that are committed to providing you with affordable coverage that makes sense for you and your family.

The Canadian Tire Term Life Insurance Plan is backed by outstanding customer service. A team of dedicated staff at Canada Life is at your service and just a phone call away to answer any questions, or help you to update your coverage.

It's quick and easy to get $50,000 to $250,000 in life insurance protection.

There is no medical exam normally needed to enroll and you could get approved and covered instantly.1

Canadian Tire locks your premium for 5 years.

All benefits are paid tax-free to your beneficiaries.

If you are diagnosed with a terminal illness there is a Living Benefit of up to $50,000 to use right away.

Guaranteed to age 752 - you cannot be declined for a change in your health status after your initial approval.

Substantial Discounts for non-smokers3.

Spouse Protection - Choose $50,000 to $250,000 of Low Cost Protection for you and your Spouse. This plan provides a choice of $50,000, $100,000, $150,000, $200,000 or $250,000 of group term life insurance protection for people 18 to 64 years of age (In the Province of Quebec this product is only available to Canadian Tire Cardmembers). Once enrolled, coverage is guaranteed until age 75.

™Canada Life and design are trademarks of The Canada Life Assurance Company.
™The trademarks of Canadian Tire Corporation, Limited are under licence.
1 The vast majority of people who apply will qualify for coverage without a medical examination. Canada Life reserves the right to accept or decline applications.
2 As long as you pay your monthly premiums on time and the Master Policy remains in force.
3 For those who have not used any tobacco products or nicotine substitutes in the past 12 months or more