Term life insurance: Manulife CoverMe vs RBC vs BMO
All three sell individual term life insurance in Canada. Coverage amounts, terms and how much medical underwriting is involved differ.
| Feature | Manulife | RBC Insurance | BMO Insurance |
|---|---|---|---|
| Where available | Not confirmed | Not confirmed | Not confirmed |
| Coverage amount | $100,000 to $2 million | $50,000 to $1,000,000 | $100,000 to $30 million |
| Term lengths | 10 years | 10 to 40 years | 10, 15, 20, 25 or 30 years |
| Renewal | Renewable up to age 85 | Not confirmed | Not confirmed |
| Conversion | Not confirmed | Until age 71 without medical proof | Not confirmed |
| Issue ages | Not confirmed | Not confirmed | 18 to 78 |
| Details | Full profileOfficial provider page | Full profileOfficial provider page | Full profileOfficial provider page |
Our take
Simplified-issue policies are faster to get but can cost more per dollar of coverage. Get quotes from each insurer for the same amount and term.
Rates and fees change. Confirm current terms on the provider's official page before applying. General information, not personalized advice.
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