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Term Life Insurance

Life insurance coverage that protects
your loved ones through every stage of
life.

Get a Quote

Safeguard the financial future of your loved ones

Term life insurance provides coverage for a set period, usually 10 to 30 years. It gives your loved one's financial protection for a temporary period, known as the “term.” CAA Term Life Insurance, provided by Securian Canada, can help cover things like day-to-day expenses, tuition, childcare, mortgage payments, and funeral expenses if something were to happen to you.

Plan highlights

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Exclusive CAA member pricing - save 10% off rates

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Couples save an extra 10% on the first year of coverage

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$10,000 in free coverage for each child

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Coverage when you need it most

Plan for financial protection for the most crucial years of life.
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Flexible & affordable options to fit your life

Choose the coverage amount and term length that best matches your personal needs
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Easy to get and use

Get your personalized quote, complete your application, and activate your policy online – in as little as 20 minutes.
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Get a no-obligation quote online

See estimated rates for different coverage amounts and lengths. No pressure, and no commitment necessary. Apply when you’re ready.
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Speak with an advisor

Not sure how much coverage you need? A team of non-commissioned, licensed advisors are here to help you. Call 1-866-714-9007 Monday to Friday 8:30AM – 8PM EST.

Commonly asked questions about term life insurance.

Once your term life insurance ends, the policy expires, and you will no longer have coverage. If you pass away after your term ends, your beneficiaries will not receive a payout. However, it's essential to be aware that you do have options when your term life insurance ends. Depending on the terms of your plan, you may havethe opportunity to renew it for another term or convert it to a permanent life insurance policy. Renewal or conversion options provide a way to continue your life insurance coverage beyond the initial term, ensuring ongoing protection for your loved ones.

With term life plans, the coverage wraps up when the chosen term comes to an end. For instance, if you're 32 when you get a 30-year term plan, your coverage will end the year that you turn 62. CAA Term Life Insurance can provide term life insurance coverage until you're 85 years young, offering flexible term lengths from 10 to 30 years. This means the oldest age to apply with the shortest term is 75. Find the best fit for your needs!

Term life insurance doesn’t hold a cash value, as opposed to whole or universal life insurance. This means that when your coverage expires, you won’t get a refund or a return on your investment. Think of term life insurance as being similar to car or home insurance; just like you don't receive a refund on your car insurance if you don't make a claim, the same principle applies to term life insurance. It's about providing you and your family with financial protection and peace of mind.

Many employees have a baseline level of group life insurance coverage through workplace benefits. Employer group life insurance coverage is typically between one to two times your annual salary. Depending on if you have kids and your level of financial responsibility, this may or may not be enough to cover your needs. Term life insurance plans can help round out your employer group coverage to ensure you have a large enough financial safety net. And since employer group insurance coverage ends if you leave the company and can be changed by your employer at any time, a term life plan puts you in the driver’s seat of your own insurance coverage.

Term life insurance can provide a financial payout to anyone you choose as a beneficiary. Typically, people opt for term life insurance to protect their family members and anyone who relies on them financially, such as their spouse, children, or elderly parents. In the event that the planholder passes away within the specified term, the beneficiaries can receive a lump-sum payout, subject to the terms of the plan. This payout, also referred to as the death benefit, can serve as a financial safety net that can be used for various needs during what can be a challenging period. The financial support can help with things like replacing lost income, covering childcare expenses, settling the mortgage, and addressing other necessities.

If you pass away during your policy term, a Claims Specialist is committed to supporting your loved ones through the claims process during this difficult time. To get started with a claim, please follow the below: For Term Life Insurance certificates purchased after December 31st, 2023, you can contact service@caa.securiancanada.ca or call +1 866 714-9007 (Monday to Friday 8:30AM to 8PM EST) to start your claim. For 1- or 5-Year Term Life Insurance certificates purchased prior to January 1st, 2024, you can contact memberservice@securiancanada. ca or call +1 844 894-0380 (Monday to Friday 8:30AM to 8PM EST) to start your claim. For all other Life Insurance coverage purchased prior to January 1st, 2024, you can contact am_caa@manulife.com (for English service), am_caa@manuvie.com (for French service) or call +1 (877) 261-8222 to start your claim.

The best time to get term life insurance is when you need it. For most individuals or families, it’s when you have financial dependents or larger financial obligations. For example, you have children, are getting married, or have ongoing mortgage payments. That being said, the younger you are when you buy term life insurance, the more affordable your rates will be. As we get older, the risk of passing away or getting severe health issues becomes higher, increasing insurance rates. With CAA Life Insurance, we expect that a majority of applicants won’t need a medical exam. But in the chance that you do, it’s better to complete one when you’re younger.

Never miss a payment by securely setting up pre-authorized monthly payments. Premiums can be paid using Visa debit, Mastercard, Amex, or Diner’s Club credit cards.

Still have questions? Get personalized advice from an advisor at +1 (866) 714-9007 Monday-Friday between 8:30AM- 8PM EST.

CAA membership has its advantages

Exclusive savings and benefits

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Expert travel advice

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24/7 emergency roadside assistance

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Save up to 15% on travel insurance

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Save 20% on NEW memberships and enjoy one year of savings

Use promo code SNOW20

Become a member

Securian Canada is the brand name used by Canadian Premier Life Insurance Company and Canadian Premier General Insurance Company to do business in Canada. Policies are underwritten by Canadian Premier Life Insurance Company.

CAA Travel Insurance, an Orion Travel Insurance product, is underwritten by Echelon Insurance. Terms and conditions apply. A Medical Questionnaire is required if you are 60 years of age and older. Quotes are valid for 30 days. Applies to CAA Members in good standing.

Ten percent (10%) savings applies to the total premium excluding applicable taxes for Classic and Plus Members. Fifteen percent (15%) savings applies to the total premium excluding applicable taxes for Premier Members. Excludes web purchases. Excludes Visitors to Canada Insurance.