Term insurance from ivari provides temporary protection in 10, 20 or 30-year terms with premiums set for the period you choose. It can stand on its own or layer with universal life or critical illness protection.
Term insurance from ivari is available on its own for temporary protection needs, or it can be layered with universal life or critical illness protection to create personalised coverage that spans a longer length of time. Typically available in 10, 20 or 30-year terms, you pay a set premium for the term period you purchased.
For a limited time we are offering a discount on certain 10-year and 20-year term life insurance policies. Your independent life insurance advisor can help you decide which term product is right for you, and talk to you about how you would qualify.
Effective April 30, 2024, available only on Term 10 and Term 20 standalone insurance products that meet certain criteria. ivari reserves the right to cancel, modify or withdraw this term policy fee waiver offer at any time.
While anyone can purchase term insurance, it is a particularly good choice if you are young and in good general health, because you can benefit from affordable rates and guarantee your future insurability.
If your insurance needs are temporary, for example to cover the time you have a mortgage, term insurance from ivari can provide the coverage you need when you need it.
Term insurance from ivari offers affordable protection for a specific period of time, usually 10, 20 or 30 years.
10 years
The right choice if you need protection for a very limited amount of time, to cover specific debt such as a short-term mortgage. Term 10 is also good for layering with permanent insurance when you want more coverage for a short period.
20 years
A good option if you feel that after 20 years you will no longer need to protect your income, because you will be retired for example, or your debts will be paid off by then.
30 years
For longer term debt like a 25-year mortgage, or income protection through retirement. It renews automatically at year 30, giving permanent coverage with level premiums payable to age 100.
Term 30 with SelectOptions lets you take advantage of three unique features, available between the 15th and 20th coverage anniversary.
Select30
Stop paying premiums and reduce the amount of insurance coverage for the remainder of your 30-year term, after which the policy terminates.
SelectLIFE
Paid-up lifetime final expense coverage, with the ability to stop paying premiums, reduce your coverage and extend it for life.
SelectVALUE
Access the cash value of your policy, either by surrendering or decreasing coverage, or by converting to an eligible universal life policy where the cash value becomes a tax-deferred bonus credit.
Your home may be the single largest investment you will ever have, so naturally you will want to protect it. Your bank will offer you mortgage insurance, but is that your best option?
Riders customise your term policy with extra coverage options. Not available on all policies, and other conditions may apply. Talk to your advisor for details.
Provides an additional benefit in the case of dismemberment or death resulting from an accident. In the case of dismemberment as a direct result of an accidental injury, this rider can help you cope with loss of income or extra expenses.
An extra layer of protection that life insurance alone cannot provide. Available in 4-condition or 25-condition coverage, it pays a one-time lump sum if you become critically ill with a covered condition and survive the 30-day survival period. It also provides access to Maple for expert opinions at no extra cost.
Attached to a policy on the life of a child, this waives the premium if the person responsible for paying dies or is considered totally disabled before age 65. Premiums continue to be waived until the child is 25.
Waives the premium if the person insured under this rider is considered totally disabled before age 65.
Low-cost term life coverage on the lives of your children, along with a guarantee of their insurability if they want to purchase their own coverage as adults.
Add an extra layer of temporary insurance protection to your policy for a 10, 20 or 30-year term, without SelectOptions.
Eligible policyholders reach Canadian-licensed doctors and nurse practitioners on demand, 24/7/365, plus confidential counselling, cognitive behavioural therapy and wellness coaching through Maple’s Member Assistance Program.
Contact us by phone on 1-800-846-5970 with the required information and we will begin the claims process.
Who is protected
Term insurance pays your beneficiary, who can use the money however your family needs it. Mortgage insurance pays the lender.
Coverage amount
Term insurance coverage stays level for the term you bought. Mortgage insurance decreases as your mortgage balance falls.
Portability
Term insurance stays with you if you move or change lenders.
Your insurance needs will change throughout your life. Find out how much you need, and when you will need it, with My Insurance View.