Canada term life insurance rates by age (2026)
Canadian Term-20 life insurance is gender-rated — women generally pay less than men. This table shows average monthly premiums for a healthy non-smoker by age, cover amount and gender (2026).
| Age | $250,000 (M) | $250,000 (F) | $500,000 (M) | $500,000 (F) |
|---|---|---|---|---|
| 30 | $16.44/mo | $13.00/mo | $27.48/mo | $19.15/mo |
| 35 | $20.92/mo | $15.87/mo | $34.56/mo | $24.98/mo |
| 40 | $25.39/mo | $18.73/mo | $41.63/mo | $30.81/mo |
| 45 | $45.06/mo | $31.43/mo | $83.93/mo | $53.71/mo |
| 50 | $64.73/mo | $44.13/mo | $126.23/mo | $76.60/mo |
Healthy non-smoker. Updated June 13, 2026. Estimate your own rate →
How this estimate is calculated
Canadian Term-20 average monthly premiums for a healthy non-smoker (gender-rated). $250k and $1M rows are single-sourced; age-50 male figures run high across sources. Real rates depend on health and underwriting. Authoritative bodies: OSFI, CLHIA, Assuris.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- PolicyMe — Term Life Insurance Rates by Age (2026) (2026)
- PolicyAdvisor — How much does life insurance cost in Canada (2026)? (2026)
- CLHIA — Canadian Life & Health Insurance Facts (2026)
- Written by
- Colson — Founder & insurance-data researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 13, 2026
- Standards
- Editorial policy
This is an estimate based on published average-rate data for informational purposes only — not a quote, and not insurance, legal or financial advice. Your actual price depends on the carrier and underwriting. Get a real quote for exact pricing.