ScotiaLife®  Term to 100 Insurance

Right for you if:

  • You want the best rate for the long-term 

  • You are looking for lifelong coverage 

  • Get a Quote

    Permanent insurance that protects you for a lifetime

    ScotiaLife® Term to 100 Insurance offers affordable lifetime coverage at a guaranteed rate that will never change. If you are 18 to 65 years old and a Canadian resident, you can apply for up to $250,000 in coverage. 

    Reasons to consider Term to 100 Insurance: 
    • Guaranteed premiums - Your rates will never increase
    • No medical examination needed to apply - Just 6 short health/lifestyle questions to answer.
    • There's no time like today - Apply now. In as little as one year, you could be paying more for the same amount of coverage. A change in your health could make it difficult to get coverage later
    • Benefits at the time they are needed most - The death benefit is paid as a lump sum directly to the person you designate as your beneficiary. The Terminal Illness Benefit, if applicable, is paid directly to you

    PLUS:

    Provides funds that can be used for final expenses 

    Deciding which coverage is best for you is surprisingly simple 

    Each term life product addresses different needs. The comparison chart below will help you decide which product best fits your needs, budget and financial goals:

      Term 1 Term 10 Term 20 Term to 100
    Length of Need Short Term Medium Term Long Term Entire Life
    Cost Low for short term needs Low for medium term needs Better for long term needs Best for lifetime needs
    Length of Coverage Renewable to age 70 10 years renewable to age 75 20 years renewable to age 75 Lifetime
    Coverage Available Up to $1 Million Up to $250,000 Up to $250,000 Up to $250,000
    Eligibility 18-64
    Current Scotiabank customers and their spouses
    18-65 18-55 18-65

    The Term to 100 plan offers

    • Life-time protection - Coverage continues for life. Premiums stop being collected at age 100
    • Choice of coverage amounts - From $25,000 to $250,000
    • Affordable rates - Our rates are very competitively priced. There are also cost savings on higher benefit amounts so twice the coverage doesn't cost twice as much
    • Special Terminal Illness Benefit - Provides you up to 50% of your coverage amount while you are alive, if after 2 years of coverage you are diagnosed with a Terminal Illness by a Medical Specialist and given 12 months or less to live
    • 30-day money-back guarantee - If you're not completely satisfied with your Policy, return it to us within 30 days; any premiums paid will be promptly refunded. It's that simple!

    What's not covered

    Suicide is not covered during the first 2 years coverage is in force (or within 2 years after coverage reinstatement).

    Affordable rates - Our rates are very competitively priced. There are also cost savings on higher benefit amounts so twice the coverage doesn't cost twice as much. 

    Ready to apply

    Online

    Convenient application process 

    Apply Online
    By Phone

    Call us toll-free

    Mon-Fri (8:30am-7pm ET)

    1-800-387-9844