Top-Rated Canadian Life Insurance (Company Reviews 2022)

Looking for the top-rated Canadian life insurance policy? We evaluated the best Canadian life insurance providers, including Sun Life, RBC, Manulife, and more.

Keep reading to get a summary of the benefits and drawbacks of each service provider in bullet point form. Additional information includes the types of coverage provided, the monthly premium range, and actual consumer feedback regarding satisfaction with each provider.

  • Navigate to this section
  • Insuring your life with PolicyMe
  • Insuring your life with Manulife
  • A policy from Sun Life Financial
  • Life coverage from RBC
  • Term-life insurance under the Canada Pension Plan
  • Life insurance from Financial

Canada’s Top 10 Life Insurance Providers for 2022

If you’re only concerned with price, the finest life insurance providers in Canada include RBC, Wawanesa, Empire Life, Canada Life, and policy.

Monthly premiums for term life insurance from some of Canada’s most well-known insurers are detailed in the table below.

Getting a term life insurance policy may cost less than you expect, regardless of which company you choose.

Five to ten times as much is often spent on whole life insurance compared to term.

Canadian Life Insurance Reviews and Rate Comparisons

Our prices are based on current market data as of July 2022. Explicit terms and conditions may be required.

However, there is more to a life insurance policy than its price. Read on for in-depth analyses of the leading Canadian life insurers of 2022.

Our evaluations were based on the following criteria:

Is the cost of the company’s insurance plans reasonable? In what ways are their costs higher than comparable services?

With regards to how long it takes to get approved, how much time do we have?

How complicated is it to receive your policy? Do you have to make a lot of phone calls or meet with a lot of different people?

Dependability: What do policyholders in Canada have to say about this life insurance provider? How certain can you be that your claims will be settled if they don’t have the backing of a recognized firm?

Can you get impartial recommendations from customer service? I was wondering if it was simple to get ahold of someone via phone. How fast do concerns get addressed?

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