Life insurance provides your loved ones with a one-time, tax-free payment after your death. It can help maintain your family’s standard of living, pay down a mortgage, or help keep up with TFSA, RRSP or RESP contributions.
Life insurance
Find the right coverage to give you and your loved ones the security you deserve.
Why get life insurance?
Wherever you are in life, there’s a life insurance solution that can fit your needs.
Safeguard your future
Plan for your financial future – life insurance can be a strong foundation when you start early.
Explore life insurance for startersSecurity for your family
Protect your loved ones against the unexpected and keep their lives on track with the right coverage.
Explore life insurance for familiesPrepare for retirement
Secure your lifestyle and add to your wealth with coverage that includes built-in savings and dividends.
What kind of life insurance do you need?
Explore the different types of life insurance plans we offer.
| Features | Term life insurance | Permanent life insurance | Critical Assist® |
|---|---|---|---|
| What’s it for? | Temporary protection for things like a mortgage. | Long-term protection that can be used to invest and build wealth. | Temporary protection in case you are diagnosed with a critical illness. |
| What can it do? |
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| Premium costs | Less expensive than permanent | More expensive than term | Costs less when you’re younger vs purchasing later in life |
| Investment component? | No | Yes | No |
| Other benefits |
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| Resources | Explore term life insurance | Explore permanent life insurance | Explore critical illness insurance |
Want to learn more about life insurance?
Sign up for our life insurance email series for news, additional resources and more.
Find out how much life insurance you need
Use our calculator to help figure out how much coverage you might need.
Buying a policy in Quebec?
Our expert financial representatives can help you choose the right plan.
Why choose Co-operators for life insurance?
Expert advice
Get personalized advice backed by more than 80 years of experience.
Flexible products
Find the right solutions that fit your life and won’t leave you feeling stranded.
Affordable options
Term life insurance plans can cost as little as $10.35/month for $250,000 of coverage for 10 years.*
*For a Versatile TermTM 10 policy, female, non-smoker, 35 years old. Terms and conditions apply.
Resources and support for life insurance
Need support for dealing with life insurance? We’ve got you covered.
Make a claim
When it comes to claims, we’ll do everything we can to take care of you. We’ll help you get through the process as quickly as possible and be there every step of the way. Find out more about making a claim
Make a claim as a beneficiary
Call us at: 1-800-454-8061
Or email: individual_life_claims@cooperators.ca
Still have questions?
Recommended reads
Getting started
Read our guide on how to start discussing life insurance needs with your loved ones.
Advisor discussion guide
Our guide can help you start the conversation with your financial representative.
Buying life insurance young
Read about the 5 reasons why it makes financial sense to buy life insurance in your 20s or 30s.
Ready to get a quote?
Find out how much life insurance a plan could cost you.
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Life insurance is underwritten by Co-operators Life Insurance Company. Please refer to your policy for applicable coverage details, limitations, and exclusions. In Quebec, a licensed insurance advisor is a Financial Security Advisor or a Representative. This information is provided for informational purposes only as of the date published and is subject to change without notice. It is not intended to represent specific individual financial or tax advice. Co-operators® is a registered trademark of The Co-operators Group Limited and is used with permission.