Finvilo

Term life insurance: Manulife CoverMe vs RBC vs BMO

All three sell individual term life insurance in Canada. Coverage amounts, terms and how much medical underwriting is involved differ.

Feature
Manulife logoManulife CoverMe® Term 10 Life Insurance

Manulife

RBC Insurance logoRBC Simplified® Term Life Insurance

RBC Insurance

BMO Insurance logoTerm Life Insurance

BMO Insurance

Where availableNot confirmedNot confirmedNot confirmed
Coverage amount$100,000 to $2 million$50,000 to $1,000,000$100,000 to $30 million
Term lengths10 years10 to 40 years10, 15, 20, 25 or 30 years
RenewalRenewable up to age 85Not confirmedNot confirmed
ConversionNot confirmedUntil age 71 without medical proofNot confirmed
Issue agesNot confirmedNot confirmed18 to 78
DetailsFull profileOfficial provider page Full profileOfficial provider page Full profileOfficial provider page

Our take

Simplified-issue policies are faster to get but can cost more per dollar of coverage. Get quotes from each insurer for the same amount and term.

Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.

Term life insurance

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