Engineers Canada Term Life

Term life pricing is generally age-based, and premiums can increase as you get older. The timing and structure of any increases depend on the plan’s rate schedule. Reviewing the plan details will confirm how premiums change over time.

If your coverage ends due to death, any continuation options for an insured spouse depend on the plan’s terms and the insurer’s rules. Reviewing the plan provisions can clarify what options may be available and what steps may be required.

Some term life plans offer conversion options to certain individual policies, subject to plan terms and insurer rules. Conversion availability, deadlines, and eligible products can vary. Confirming your plan’s conversion provisions will clarify what options may apply.