PICK-A-TERM

Ideal for young families and pre-retirees who want to benefit from affordable life insurance coverage for a temporary period during their active lives, Pick-A-Term lets you ensure the financial wellbeing of your loved ones or cover your mortgage in the event of death.

Easy to work into your budget, the cost of insurance is fixed and guaranteed for the selected term. To adapt to your evolving needs, Pick-A-Term offers the option to renew your coverage annually at the end of the first term, or to convert your term coverage into permanent coverage regardless of your health condition.

How does it work?

In case of death, Pick-A-Term pays a non-taxable benefit to your beneficiaries to help them cover their financial obligations, like mortgage payments and living expenses.

You can choose any length of term from 10 to 40 years. For example, you can choose to have your coverage term correspond to the amortization period for your mortgage, or to end when your children become adults.