1/3 of households would have trouble paying the bills if a primary earner passed away.


Raising a child to 18 in Canada costs $270,000.2


The average mortgage is $289,000.3


Term Life Insurance is a
tax-free, lump-sum payment that can help your family manage their finances and maintain their lifestyle.

Everybody wants to protect their loved ones. But sometimes, life doesn’t play out quite the way you planned. And when it doesn’t, CAA Life Insurance can help. Find out how with our LIFE INSURANCE word search!

What is life insurance?

Life insurance is a type of financial product that can help provide protection for your loved ones. Wouldn’t you feel happier knowing that if anything happened to you, your loved ones would receive a tax-free, lump-sum payment to help them cover expenses and maintain their lifestyle? Get started with a quote and see how affordable it can be to help your loved ones in this important way.

or speak to an Advisor


Why should I buy life insurance?

You may have different reasons to buy life insurance at different stages in your life.

You own a home

whether you’re married or single.

You’re starting a family

and want to help protect them financially.

The kids are in school

and you want to help protect their lifestyle and your dreams for them.

Retirement is around the corner

and you want to help protect your spouse’s retirement and your legacy.

What term length should I buy?

Where you are in life and what your priorities are can help inform your choice of life insurance term lengths. For instance, are you at the stage where you’re young with a growing family, is your mortgage almost paid off, or are you getting close to retirement? CAA Term Life Insurance offers three different term lengths to suit your priorities at different stages of your life.

CAA 5-Year Term Life Insurance

Short-term coverage that’s budget friendly. If you’re nearing retirement or are looking for low cost protection, this one could be for you.

  • Coverage from $50,000 to $500,000

CAA 10-Year Term Life Insurance

Longer-term coverage that could save you money in the long run. A great choice to lock in lower rates while you’re still young and healthy.

  • Coverage from $50,000 to $1 million

CAA 20-Year Term Life Insurance

Excellent long-term financial security for your loved ones. If you’re young, healthy and just establishing your family this could be right for you.

  • Coverage from $50,000 to $1 million

How much should I buy?

It might interest you to know that the average amount of life insurance per household in Canada is $200,000.4 Experts recommend that you buy 7 to 10 times your annual salary in life insurance, to replace lost income. But your best bet is always to speak with a licensed insurance advisor who can walk you through your choices and help you make a decision based on your life stage and priorities.

The future is a puzzle. We can help you solve it.

or speak to an Advisor


What articles are popular with other members?


Underwritten by
The Manufacturers Life Insurance Company (Manulife).

Conditions, limitations and exclusions apply. Please see policy/certificate for details. Available to Canadian residents only.

® CAA trademarks owned by, and use is authorized by, the Canadian Automobile Association. Manulife, Manulife & Stylized M Design, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.

© 2020 The Manufacturers Life Insurance Company. All rights reserved. Manulife, P.O. Box 670, Stn Waterloo, Waterloo, ON N2J 4B8.

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1 Life Happens and LIMRA insurance study, 2018
2, May 19, 2020
3 Canadian consumer debt is feeling the chill, Equifax, March 2020
4 LIMRA, 2019