Protection you can rely on

When you have life insurance, you can feel secure knowing your family is protected should you pass away. If that happens, life insurance will provide your loved ones with a death benefit—a tax-free, lump sum payment. This can help take care of their financial needs and pay off debts.

This could include:

  • mortgage payments
  • support for a spouse
  • funeral costs
  • childcare costs
  • tuition costs
  • everyday living expenses

Have comfort knowing your loved ones are protected

Get a quote or talk to an agent to find out what kind of life insurance best suits your needs.

Types of life insurance

When it comes to choosing a plan, you have a few options to consider. Let’s take a closer look at the 2 types of life insurance we offer.

What is Term Life Insurance?

Term Life Insurance provides flexible, short-term coverage for a certain number of years. This plan lets you choose how long you want coverage for.

Choosing a term length

Blue Cross Life® Insurance offers term lengths of 10, 20 or 25 years. If you pass away at any point during your term, your beneficiaries will receive a death benefit.

Choosing a term length depends on the kinds of financial responsibilities you might have now and in the future. You’ll want to make sure the plan provides coverage for when your family will need the most financial support.

Key benefits
  • Coverage up to $10 million.
  • For people who are 18 to 70 years old.
  • Term lengths of 10, 20 and 25 years available.
  • Coverage may be available with no medical exams, depending on your medical and lifestyle history.
  • Ability to convert to Whole Life Insurance if your needs change.
Explore what's covered with Term Life Insurance. 
  
Why FlexTerm is better

Have comfort knowing your loved ones are protected

Get a quote or talk to an agent to find out what kind of life insurance best suits your needs.

What is Whole Life Insurance?

Whole Life Insurance (also known as permanent life insurance) provides lifetime coverage. It does not expire and remains in effect as long as the premiums are paid. At death, your beneficiaries will receive a tax-free lump sum payment equal to your coverage.

Key benefits
  • Coverage up to $500,000, depending on your age.
  • For people who are 18 to 85 years old.
  • Premiums remain the same throughout your life.
  • Coverage may be available with no medical exams, depending on your medical and lifestyle history.
Explore what's covered with Whole Life Insurance.  
 
Medical exams

To qualify for no medical exam, you must answer no to all medical and lifestyle questions. If you answer yes or if there is a report about your insurability, you may be asked to provide more information after submission. Medical exams are required if the age and sum insured fall outside the following ranges.

Customize your plan with optional insurance

 

A rider is insurance that you can add to enhance your existing plan. It provides additional financial protection against the unexpected.

Critical Illness Insurance add-on (rider)

     

If you experience a heart attack, stroke or another serious illness, you may face new or unexpected out-of-pocket expenses. A Critical Illness add-on provides a lump sum payment that can help cover these expenses.

Key benefits
  • Coverage up to $50,000.     
  • No additional medical questionnaires required.     
  • Term lengths of 15, 20 and 25 years available.
View more details about the Critical Illness add-on.
 

Blue Advantage Program®

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Get rewarded with your Blue Cross Life membership

Your Blue Cross Life policy comes with special advantages. Members Save More: Save with Blue Advantage.®
Blue Cross members can save on medical care, vision care and many other products and services offered by participating providers across Canada, including online.
No receipts to submit – save right away when you purchase at a pharmacy or other health provider.

How Blue Advantage works

Simply present your Blue Cross identification card to the 100+ participating providers and mention the program before your purchase transaction.
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Get expert advice and support

Speak to an agent

Coverage that supports you

$10 million

Maximum coverage amount for Term Life Insurance.

60+

Coverage options for people over the age of 60.

0

Changes to your premiums for Whole Life and the initial duration of Term Life.

Easy answers to tough questions

Life insurance is more affordable than you might think. For a cost similar to your monthly cell phone bill, you can ensure financial peace of mind for you and your loved ones.

Whole Life Insurance premiums are usually higher than Term Life Insurance. While you may pay more, you receive lifetime coverage and your premiums do not change for the duration of your coverage.

Most people choose to buy life insurance when they experience a significant life event, such as marriage, welcoming a new child or purchasing a home. While life insurance is cheaper to buy if you’re healthy and younger , it’s an investment you can make any time. The money you leave behind will help reduce the financial stress when you’re gone.

To help you determine how much coverage you need should you pass away, consider the debts, assets and other family needs that may occur, along with any income that may be available.

Enter those details into the coverage calculator to find out how much coverage you need.

You can get a quote and purchase a plan online. But sometimes it helps to talk to a person about your unique circumstances to find the right plan. Our Blue Cross advisors can give advice and answer your questions. Contact an agent at 1-800-873-2583 from Monday to Friday.

A solution for every stage of life

Canadians between 18 and 85 years old can get a quote and buy online.

Download Plan Details  
 

Blue Cross Life®

Contract Sample For more details, including definitions and exclusions, review the appropriate sample contact for you:
Term lengths 10, 20 or 25 years
Issue ages 18 to 70 years old
Minimum coverage Minimum coverage varies by age, gender, and smoking status, starting at $25,000.
Maximum Coverage Clients aged 61 to 70 or aged 18 to 60 with recent hospitalization or treatment (in the past 5 years):
  • $500,000
Other clients aged 18 to 60:
  • $10 million
Costs
  • Annual policy fee is $60.
  • Smoker and non-smoker rates available.
  • Premiums remain the same for the duration of your term.
    • Premiums will increase if you renew your coverage after the initial term length.
Medical requirements This product may include medical requirements. However, you may be eligible to qualify for underwriting without any medical exams. Underwriting with no medical exam may be available for clients:
  • ages 18 to 45, applying for coverage up to $999,999
  • ages 46 to 50, applying for coverage up to $499,999
  • ages 51 to 60, applying for coverage up to $249,999
  • ages 61 to 70, applying for coverage up to $500,000
To qualify for no medical exam, you must answer no to all medical and lifestyle questions. If you answer yes or if there is a report about your insurability, you may be asked to provide more information after submission. Medical exams are required if the age and sum insured fall outside these ranges.
Policy type Available as an individual policy.
Renewal At the end of the term length, your policy renews automatically until the policy anniversary nearest your 90th birthday. At the time of renewal:
  • no medical exam is required
  • premium rates are guaranteed (as indicated in your quote summary)
Conversion You can convert your policy to a permanent life insurance policy offered by Blue Cross Life® and underwritten by Assumption Life. This can occur without new evidence of insurability (meaning without providing updated medical information about yourself) for the sum insured on the date the conversion privilege is exercised.

You can also convert part of the sum insured. You can keep the coverage in force (meaning coverage is still active as long as the premiums are paid) if the remaining sum insured is equal or greater than the minimum coverage amount.
Additional benefits for clients 18 to 60 years old without recent hospitalization or treatment Term Exchange Option
If you want to extend your term coverage before the 5th anniversary of your policy, you can exchange your current term coverage for a longer one without new evidence of insurability (meaning without providing updated medical information about yourself)

This benefit may only be used once and must be requested at least one month after the date of issue in your policy.

The premium of this new policy will be based on your age on the date of issue of this new policy.

For more details on this benefit, please refer to the sample contract.

Insurability Benefit
You can request to increase your insurance amount. You can request up to 25% of your initial insurance amount without new evidence of insurability (meaning without providing updating medical information about yourself) if you:
  • obtain a new loan
  • increase an existing loan
  • experience marriage, divorce, adoption or childbirth, or
  • receive a bachelor’s degree, a master’s degree, or a doctorate.
If you experience one of these life events, you must also be under 60 and are not disabled to qualify.

This benefit may be used more than once, and the total insurance increase can’t exceed $125,000.

Your request must be submitted within 60 days following one of these events.

The premium of this new policy will be based on your age on the date of issue of this new policy.

For more details on this benefit, please refer to the sample contract.

Extreme Disability Benefit
If you are affected by a medical condition that results in a state of total and irrecoverable disability for a continued period of 6 months before the age of 60 years old, you could receive up to 50% of your insurance amount in advance.
This benefit is payable once, and the payment in advance can’t exceed $250,000

For more details on this benefit, please refer to the sample contract.
Additional benefits for clients aged 61 to 70 or aged 18 to 60 with recent hospitalization or treatment Terminal Illness Benefit
If you are diagnosed with a terminal illness at least 180 days after the date of issue in your policy, you could receive up to 50% of your insurance amount in advance.

This benefit is payable once after the 2nd anniversary of the policy, and the payment in advance can’t exceed $125,000.

For more details on this benefit, please refer to the sample contract.

Transportation Benefit
If death occurs over 200 kms away from your home, your beneficiary could receive $2 per kilometre as a reimbursement for the cost of transporting your body and remains to your primary residence.

This benefit is payable once after the 2nd anniversary of the policy, and the reimbursement can’t exceed $2,000.

The benefit will be calculated using Canadian currency.

For more details on this benefit, please refer to the sample contract.

Contract Sample For more details, including definitions and exclusions, review the sample contract.
Coverage duration For the rest of your life
Issue ages 18 to 85 years old
Minimum coverage Minimum coverage varies by age, gender, and smoking status, starting at $10,000.
Maximum Coverage
  • $500,000 for ages 18 to 70
  • $125,000 for ages 71 to 85
Costs
  • Annual policy fee is $60.
  • Smoker and non-smoker rates available.
  • Premium payments stop after age 100. At that point, your coverage will be considered paid in full and remain in effect until your death. Premiums remain the same for the duration of your coverage.
Medical requirements This product may include medical requirements. However, you may be eligible to qualify for underwriting without any medical exams. Underwriting with no medical exam may be available for clients:
  • ages 18 to 70, applying for coverage up to $500,000.
  • ages 71 to 85, applying for coverage up to $125,000.
To qualify for no medical exam, you must answer no to all medical and lifestyle questions. If you answer yes or if there is a report about your insurability, you may be asked to provide more information after submission. Medical exams are required if the age and sum insured fall outside these ranges.
Policy type Available as an individual policy.
Guaranteed Values
  • Guaranteed cash surrender value is money an insurance company pays if you cancel your policy. If you cancel any time after your 5th anniversary, we will pay you a lump sum portion of your policy.
  • Guaranteed reduced paid-up insurance is an option that lets you provide your beneficiaries a reduced death benefit. This only applies if you stop paying your premiums after the 5th anniversary of your policy.
Additional benefits for clients 18 to 85 years old Terminal Illness Benefit
If you are diagnosed with a terminal illness at least 180 days after the date of issue in your policy, you could receive up to 50% of your insurance amount in advance.

This benefit is payable once after the 2nd anniversary of the policy, and the payment in advance can’t exceed $125,000.

For more details on this benefit entitlement, please refer to the sample contract.

Transportation Benefit
If death occurs over 200 kms away from your home, your beneficiary could receive $2 per kilometre as a reimbursement of the cost of transporting your body and remains to your primary residence.

This benefit is payable once after the 2nd anniversary of the policy, and the reimbursement can’t exceed $2,000.

All funds are considered in Canadian currency.

For more details on this benefit entitlement, please refer to the sample contract.

Critical Illness Insurance add-on (rider)

If you are diagnosed with one of 16 covered critical illnesses and survive the survival period specified in the contract.

A Critical Illness add-on cannot be purchased alone. It can only be added to eligible policies.


 

Contract Sample For details about Critical Illness rider, including definitions and exclusions, review the sample contract.
Term lengths 15, 20 or 25 years
Issue ages
  • Term 15: 18 to 60 years of age
  • Term 20: 18 to 55 years of age
  • Term 25: 18 to 50 years of age
Minimum coverage $10,000
Maximum coverage $50,000 or 50% of the life insurance policy, whichever is less. For multiple policies with Critical Illness add-ons, the total coverage amount cannot exceed $50,000.
Costs
  • Available with smoker and non-smoker rates.
  • Premiums remain the same for the duration of your term.
    • Premiums will increase if you renew your coverage after the initial term length.
Medical questionnaire No additional questionnaires needed. The medical questionnaire from your life insurance policy will determine whether you qualify.
Covered critical illnesses
  1. Accidental loss of limbs
  2. Aortic surgery
  3. Aplastic anemia
  4. Bacterial meningitis
  5. Blindness
  6. Cancer (life-threatening)
  7. Coma
  8. Coronary artery bypass surgery
  9. Heart attack
  10. Heart valve replacement or repair
  11. Kidney failure
  12. Major organ failure on waiting list
  13. Major organ transplant
  14. Paralysis due to an accident
  15. Severe burns
  16. Stroke (cerebrovascular accident)
Renewal At the end of the term length, your rider renews automatically until the policy anniversary nearest the insured’s 75th birthday. The rider renews for the same term length on the date listed in your contract. At the time of renewal:
  • no medical exam is required
  • premium rates are guaranteed (as indicated in your quote summary)
Termination If the life insurance coverage ends before the policy anniversary nearest to your 75th birthday, the critical illness add-on will also end.
Exclusion for pre-existing condition No critical illness insurance benefit is payable under these conditions. If the insured was diagnosed with a critical illness at any time during the 12-month period after the following (whichever is later):
  • the effective date of this rider; or
  • the date of its most recent reinstatement, if applicable
If the diagnosed critical illness results directly or indirectly from an illness or condition the insured had during the 12-month period prior to the later of the two dates above, and they:
  • showed signs or symptoms; or
  • underwent tests or investigations; or
  • received a diagnosis or was treated, hospitalized or under the care of a physician; or
  • recommended to seek treatment or to consult a physician; or
  • was prescribed or took medication.

Get a quote in 3 easy steps

STEP 1 of 3: Some basic information about you




In the past 12 months, have you used any substance or product containing tobacco, nicotine, or marijuana mixed with nicotine, or e-cigarettes? *



STEP 2 of 3: More about you

You don’t have you provide this information now, but if you do it will be easier to retrieve your quote and serve you better.

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Your consent to the collection, use, retention and disclosure of your personal information

In the context of this Blue Cross Life® insurance quote, underwritten by Assumption Life, we must collect, use, keep and disclose personal information that you communicate to us, in particular for the following purposes:

  • Verify your identity;
  • Assess insurance risk;
  • Provide you with an insurance quote;
  • Communicate with you in connection with this submission;
  • Issue your insurance contract, if applicable;
  • Administer your insurance contract (including the processing of your claims and settlement requests and the provision of our assistance services), if necessary.

By clicking Accept and continue, you consent to the collection, use, retention and disclosure of your personal information and that of your dependents, if any, in accordance with applicable privacy laws and our Privacy Policy, which you can review prior to giving your consent.

You can refuse to consent by clicking Decline and exit or withdraw your consent at any time. However, you understand that we will then be unable to proceed with this submission or provide you with the requested insurance coverage.


STEP 3 of 3: Amount of coverage you need

Use our optional coverage calculator for a recommendation.
This is for informational purposes only.


*
Minimum amount is $50,000 and maximum amount is $10 million. Minimum amount is ${%MinCoverageAmount%} and maximum amount is $500,000. Minimum amount is ${%MinCoverageAmount%} and maximum amount is $125,000.

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