What is term life insurance?

Term life insurance is affordable, easy-to-understand coverage that gives you flexible, protection.

Your insurance costs is guaranteed for a specific period of time (the "term"), until it renews for another term. If you die while the policy is in effect, a tax-free payment will go to the person or people you name (your "beneficiaries"). And with most term policies, you can also convert your coverage to permanent insurance regardless of any changes to your health, occupation or lifestyle.

Is term life insurance right for you?

Term insurance is an effective solution if you are:

  • Looking for affordability and value
  • Looking for temporary protection (for example, to cover a mortgage or business loan, or until your children are finished school)
  • A business owner who needs key person protection and/or a way to fund buy/sell agreements

You can purchase some types of life insurance online or you can speak to an advisor for help finding the right coverage and to get a quote.


Types of term life insurance:

SunSpectrum Term Insurance

  • SunSpecturm Term provides coverage in amounts between $50,000 and $15 million
  • Premiums are guaranteed and coverage is available for terms of 10, 15, 20 or 30 years

SunTerm Insurance

  • SunTerm provides coverage in amounts between $250,000 to $15 million
  • Premiums are guaranteed and coverage is available for terms of 10, 15, 20 or 30 years

Sun Life Go Simplified Term Life Insurance

  • Life insurance for $50,000, $75,000 or $100,000
  • Monthly payments are guaranteed to stay the same for the first 10 years
  • Answer 3 simple health questions and apply online in just minutes

Sun Life Go Term Life Insurance

  • Affordable life insurance from $100,000 to $1 million
  • Monthly payments are guaranteed to stay the same for the first term of 10 or 20 years
  • Answer some questions about your health to apply online

Term life insurance comparison:
Product Features SunTerm Life Insurance SunSpectrum Term Life Insurance Sun Life Go Term Life Insurance Sun Life Go Simplified Term Life Insurance
Get a quote and apply
Get a quote on SunTerm Insurance through an advisor:

More about SunTerm life insurance

Get a quote on SunSpectrum Term Insurance through an advisor:

More about SunSpectrum Term life insurance

Get a quote on Sun Life Go Term Insurance online:

More about Sun Life Go Term Life insurance

Get a quote on Sun Life Go Simplified Insurance online:

More about Sun Life Go Simplified Term Life insurance

Term lengths & Issue ages
  • Term 10: 18 − 75
  • Term 15: 18 − 70
  • Term 20: 18 − 65
  • Term 30: 18 − 55
  • Term 10: 0 − 75
  • Term 15: 0 − 70
  • Term 20: 0 − 65
  • Term 30: 0 − 55
  • Term 10: 18 − 69
  • Term 20: 18 − 69
  • Term 10: 18 − 69
Coverage amounts
Coverage amounts
$250,000 and up
Coverage amounts

$50,000 and up

Coverage amounts
$100,000 and up
Coverage amounts

$50,000 and up

Coverage options
  • Single-life
  • Joint first-to-die
  • Multiple lives
  • (up to 5 people)
  • Single-life
  • Joint first-to-die
  • Multiple lives
  • (up to 5 people)
  • Single-life
  • Single-life
Guranteed Premimus
Guranteed Premimus
Yes
Guranteed Premimus
Yes
Guranteed Premimus
Yes
Guranteed Premimus
Yes
Guranteed renewability
Guranteed renewability
Yes
Guranteed renewability
Yes
Guranteed renewability
Yes
Guranteed renewability
Yes
Guranteed conversion to permanent life insurance
Guranteed conversion to permanent life insurance
Yes
Guranteed conversion to permanent life insurance
Yes
Guranteed conversion to permanent life insurance
N/A
Guranteed conversion to permanent life insurance
N/A
Guranteed conversion to a long term length
Guranteed conversion to a long term length
Yes
Guranteed conversion to a long term length
Yes
Guranteed conversion to a long term length
N/A
Guranteed conversion to a long term length
N/A
Coverage expiry date
Coverage expiry date
Age 85
Coverage expiry date
Age 85
Coverage expiry date
Age 85
Coverage expiry date
Age 85
Underwriting
Yes
Yes
Yes
Yes
Optional benefits
Yes
Yes
N /A
N /A
Living benefit (in case of terminal illness)
Yes
Yes
Yes
Yes
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Get term life insurance

Term life insurance can be a key part of your financial plan. Speak with an advisor to determine the right life insurance for your needs or get a quote online.

Speak with an advisor

Get a quote on SunSpectrum or SunTerm Life Insurance through your advisor, or find an advisor near you. There's no cost to talk to an advisor.

Get a quote online

It's really easy to apply for Sun Life Go Insurance online. Get a quote online or read more about the products above.

Get a quote

Get more protection with critical illness insurance

Backing up your term life insurance policy with critical illness insurance gives you and your family more protection when you need it most.

Learn more about critical illness insurance