We looked at how traditional life insurance worked and realized that Prince Edward Islanders needed a secure, flexible and financially competitive financial tool. We created our simplified term life insurance, a policy with a straightforward application process and easy eligibility. Here are the reasons you'll love our plan:
No medical exams are required to purchase our plan.
You can renew your coverage without medical exams or proof of health.
Tax-free benefits that are paid directly to your loved ones.
A wide choice of protection term lengths– 10, 20, 30 or 100 years.
Term 100 permanent plan option.
Coverage from $10,000 to $1,000,000. If you need help determining your ideal coverage amount, our easy-to-use life insurance calculator can help.
Available up to age 80
10-day review period
Guaranteed fixed premiums for the duration of the selected term length
Complete a quick, 30 seconds quote request. Yes, it’s that fast.
One of our friendly advisors will reach out to you and ask you a few health questions to provide a personalized quote.
If you are happy with the quote and the protection the plan offers, you can complete your application right over the phone with the advisor.
Following a super short approval time you can choose to have your policy emailed or mailed to you. You’re covered and stress-free.
Security is knowing that your family's future is protected.
The simplified term life insurance provided by Termlite can help provide the people who matter most with financial coverage in the event something happens to you. Your beneficiaries can use our tax-free plan benefit to help with financial concerns like:
paying down current bills like car repairs, monthly home bills and more
covering your funeral expenses
paying estate taxes, and your final year's income tax
helping to pay down your mortgage loan to keep your home in your family’s hands
continuing to finance your business so it can transition to your family or business partners
maintaining your family’s standard of living
Our simple, affordable, and straightforward term life insurance solution makes it easy for Canadians in Prince Edward Island to provide the people they care most about with financial security during a difficult time.
If you would like a free no-obligation quote, please complete our short free quote form now!