Why Life Insurance
Still Matters Later in Life

It’s never too late to plan ahead. Many Canadians still carry financial responsibilities later in life—whether it's managing debts, supporting a partner, or preparing for final expenses. The right life insurance can ease that burden and bring lasting peace of mind.

At Specialty Life Insurance, our focus is on helping Canadian seniors find life insurance coverage that fits their needs and budget.

Start Your Free Quote

Life Insurance Coverage Should Suite Your Needs

The best insurance option depends on how the benefit will be used. Here's how to choose:

Short-Term Needs?
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Planning for the Long Term?
Learn More

Short-Term Needs?

Term Life Insurance may be your best option:

This type of insurance provides affordable protection for a fixed period of time, typically 10 or 20 years. Therefore; it’s best suited for coverage of temporary financial obligations such as debts or balance of a mortgage.

Our Paramount Term Life Insurance is offered with no medical exams and easy application process.

Keep in mind:

Term policies typically expire by age 80, making them best suited for short-term goals.

Planning for the Long Term?

When your priorities include covering funeral expenses, leaving a legacy or other long term goals, permanent life insurance is the better fit.

Explore Permanent Life Insurance options built for lasting protection.




Term 100 Life Insurance:

Simple, secure coverage for life.
  • The most affordable type of permanent coverage
  • Higher coverage amounts available, typically up to $500,000
  • Fixed premiums
  • Health questions required

We offer Paramount Term 100 Life Insurance plan - no medical exams, fast application.

Guaranteed Life Insurance:

A plan that offers acceptance, not obstacles.
  • Best suited for individuals with serious health issues
  • Coverage up to $50,000
  • No medical exams or health questions
  • Guaranteed acceptance for ages 18–80
  • Fixed premiums

Our Excelsior Plan is perfect for those with health issues or past declines.

Whole Life Insurance:

Lifelong protection with financial growth.
  • Well suited for estate planning and leaving a legacy
  • Coverage that lasts a lifetime
  • Builds cash value over time
  • Requires medical exams and health questionnaires
  • Premiums are fixed but higher due to savings component


Let’s Help You Find the Right Fit

Our licensed advisors can help you choose the plan that’s right for your needs and budget — without the pressure.

Request a free quote online — no obligation

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