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Get Life Insurance with CAA

Term life insurance offers protection and flexibility for your unique needs throughout every stage of life.

What is term life insurance?

Term life insurance offers coverage for a specific period, typically ranging from 10 to 30 years. It’s designed to provide financial protection for your loved ones during a time when you may have increased financial responsibilities and/or dependents.
With term life insurance, you can help get peace of mind, knowing that if something were to happen to you, your family and loved ones can be financially safeguarded.

Get term life insurance on your own terms

Searching for flexible and affordable coverage? CAA Term Life Insurance, provided by Securian Canada, can meet the needs of you and your family. Discover how you can get term life insurance coverage in just three simple steps!

CAA Member Perks

  1. Exclusive member pricing: Save 10% off your rates!
  2. Couples save an additional 10% off the first year
  3. $10,000 in complimentary Child Coverage for each of your children


Term life insurance that fits your need

Get a Quote Online

Call 1-866-714-9007

Get a free, no-obligation quote

Fill in your details, adjust your coverage amount and length, and get a personalized quote in just 60 seconds online, or chat with a trusted non-commissioned advisor on the phone.

Complete your application in 20 minutes or less

Answer some questions about your health and lifestyle. You’ll find out instantly if you’re approved or if a bit more information is needed.

Activate your coverage when you’re ready

Review your plan and eSign to kickstart your coverage! You and your loved ones will receive financial protection right away.

What are the benefits of CAA Term Life insurance?​

Coverage when you need it

Ensure you have the necessary financial protection during the most critical years of your life.

Simple and modern process

You can easily complete your application in just 20 minutes and activate your coverage online, all from the comfort of your home. It’s quick, convenient, and hassle-free.

Affordable rates

Take care of your loved ones without straining your budget. And the best part? You get to enjoy CAA Member Preferred Pricing!

Expert advisor support when you need it

Trusted, non-commissioned advisors are here to help you along the way.


Select a coverage amount and term length that suits your needs – nothing more.

Get your personalized rate in seconds

Get a quote online or speak with an advisor.

Why choose CAA Term Life insurance?

Here’s how CAA Term Life insurance helps you take on life with confidence:

  • Select between $100K to $5M in term life insurance coverage
  • Choose a coverage range between 10 to 30 years
  • CAA members save 10% on insurance rates
  • Couples save an additional 10% the first year
  • $10,000 in complimentary Child Coverage for each of your children
  • You can cancel for free at any time, without any fees or penalties
  • We offer a generous 30-day grace period for missed payments
  • Backed by renowned industry partner, Securian Canada, for greater peace of mind
  • Your beneficiaries receive 100% of any payout tax-free. It’s our way of ensuring that your loved ones receive the full benefit they deserve
  • Rates are locked in for the full term

See if you’re eligible for both term life insurance and critical illness insurance with just one application

Two simple ways to get started

Get your quote online

Get personalized rates for different coverage amounts and lengths. No commitment required. Apply when you’re ready.

Get personalized advice

Unsure about the amount of coverage you require? A team of non-commissioned licensed advisors is here to assist you. Feel free to reach out for friendly and approachable guidance anytime between Monday-Friday from 8:30AM-8:00PM EST at +1 (866) 714-9007.

When should you get term life insurance?


You’re expecting or you already have a family

As a new or expecting parent, life insurance can help protect your growing family’s financial future. Term life insurance provides peace of mind, ensuring that your loved ones can have the necessary financial resources if the unexpected occurs.

Should you pass away while your coverage is active, life insurance can provide a tax-free lump sum payment to your beneficiaries. This payment can be used to replace your income and cover various life expenses, including household bills, childcare, and tuition costs.

You’re retired or plan to retire soon, but don’t have enough savings

If you’re a retiree or getting ready to retire, life insurance acts as a valuable financial safety net for your partner, children, or anyone else who relies on you financially. In the event of your death, a term life insurance payout can handle expenses like funeral costs or help pay off debts. Additionally, it can assist in covering day-to-day expenses or could act as an inheritance for your beneficiaries.

You have a partner and you rely on each other’s incomes

Partners and spouses who rely on each other’s incomes may encounter financial difficulties when one spouse passes away. However, life insurance can serve as a valuable solution to bridge this income gap. It can provide essential financial security to the surviving spouse, ensuring they can maintain their current lifestyle, cover living expenses, settle outstanding debts or take some time off.

You own a home

Term life insurance offers a lump-sum payment to help your family cover the mortgage and other living expenses. This ensures that they can continue living in the home, even if you’re no longer there to contribute financially.

You own a business

Life insurance goes beyond protecting your family and loved ones; it also serves as a safeguard for your business. If the unexpected happens, the payouts from term life insurance can provide support to your business partners, employees, and even help pay off business loans.

You have outstanding debts

Did you know that when you pass away, any outstanding debts like a mortgage, car loan, or student loans can affect what’s left over for your loved ones? That’s where term life insurance comes in. It can help protect your family and loved ones from the financial burden of these debts.

You have financial dependents

Term life insurance is a valuable tool to safeguard your loved ones and those who rely on your financial support, like elderly parents or disabled family members. With a lump-sum payout, you can rest assured that their needs will be met, even if you’re no longer here.

Not sure about the right coverage for you? Don’t worry! A team of licensed, non-commission advisors are here to assist you in finding the right coverage.

What are other Canadians getting?

Most Canadian life insurance policies are individual term policies (40%).

  • 22 million Canadians with life insurance coverage
  • $554,000 Average coverage amount

*Canadian Life & Health Insurance Association, 2023

Get your personalized insurance recommendation in 60 seconds and save with CAA

FAQ: Term life insurance in Canada

Once your term life insurance ends, the policy expires, and you won’t have coverage anymore. It’s important to know that if something happens to you after your term ends, your beneficiaries won’t receive a payout.

But there are options when your term life insurance ends. Depending on your policy terms, you could renew for another term or convert it to a permanent life insurance policy. These options allow you to continue your life insurance coverage beyond the initial term, ensuring ongoing protection for your loved ones.

With term life insurance, your coverage comes to an end when the chosen term expires. For example, if you’re 32 and have a 30-year term policy, your coverage will end when you turn 62.

CAA Term Life Insurance offers flexible term lengths from 10 to 30 years, providing coverage until you’re 85 years young! Whether you need a shorter term or a longer one, you can find the best fit for your needs. The maximum age to apply with the shortest term is 75.

Unlike whole or universal life insurance, term life insurance does not accumulate cash value. When your coverage expires, you won’t receive a refund or any return on your investment. Think of term life insurance as similar to car or home insurance; just like you don’t get a refund on your car insurance if you don’t make a claim, the same principle applies to term life insurance.

Many employees have a basic level of group life insurance coverage through workplace benefits. Typically, employer group life insurance coverage ranges between one to two times your annual salary. Depending on your financial responsibilities and whether you have children, this coverage may or may not be sufficient to meet your needs.

To ensure you have a robust financial safety net, term life insurance can complement your employer group coverage. Unlike employer group insurance, which terminates when you leave the company and can be modified by your employer, term life insurance gives you control over your insurance coverage.

Term life insurance can provide a financial payout to your chosen beneficiaries. It’s a popular choice for covering your loved ones and those who depend on you financially, such as your spouse, children, or elderly parents.

If you pass away within the specified term, your beneficiaries receive a lump-sum payout, subject to the policy’s terms. This payout, also known as the death benefit, acts as a safety net during a challenging time. It can help with various needs like replacing lost income, covering childcare expenses, settling the mortgage, and addressing other necessities.

Yes. Term life insurance is designed to provide protection against accidental death as well as various other causes. However, there are a couple of important points to keep in mind.

Firstly, it’s worth noting that term life insurance typically doesn’t cover suicide within the first two years of the policy (this is a standard practice in the industry). Secondly, each insurance provider has their own terms and conditions outlined in their policies. It’s always a good idea to carefully read your policy to ensure you have a clear understanding of what’s covered and what is not.

The best time to consider term life insurance is when you have financial dependents or larger financial obligations. Perhaps you’ve started a family, you’re getting married, or have a mortgage.

It’s worth noting that the earlier you purchase term life insurance, the more affordable your rates will be. As we age, the risk of facing severe health issues or passing away increases, which in turn affects insurance rates.

With CAA Life Insurance, a majority of applicants won’t need a medical exam. However, if you do require one, it’s advisable to complete it at a younger age.

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

In Canada, most insurance providers typically require applicants to be Canadian citizens or residents to qualify for term life insurance. However, there are a few providers that may consider applications from non-Canadians. In such cases, the available coverage options might be somewhat more limited. For CAA Term Life insurance coverage, applicants must be Canadian citizens or residents and must sign their contract while in Canada, rather than overseas.

When you apply for term life insurance, you may need to undergo a medical exam to assess your overall health. Based on this information, insurers can determine the cost of your policy and identify any potential risks. It’s all part of getting you the best coverage possible.

Determining whether a medical exam is required depends on factors such as your insurance company, age, and desired coverage. If you’re under 40 and generally healthy, it is often not be necessary. With CAA Term Life insurance, it is anticipated that the majority of applicants will have no additional medical requirements for approval.

For Term Life Insurance policies 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 speak to an advisor and start your claim.


For 1-Year or 5-Year Term Life Insurance policies 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 speak to an advisor and start your claim.

For all other Life Insurance policies 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 speak to an advisor and start your claim.

Still have questions? Get personalized advice from a trusted advisor at 1-866-714-9007 Monday-Friday between 8:30AM-8:00PM EST.

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.