The Canadian Tire Term Life Insurance Plan

Underwritten by The Canada Life Assurance Company. Sponsored by Canadian Tire Services Limited.

Get up to $250,0001 in term life insurance protection at affordable monthly rates. No medical exam is normally needed to enrol and you can get approved and covered instantly.

The Canadian Tire Term Life Insurance Plan is an easy-to-understand insurance solution designed to help you provide financial support to your loved ones in case of death.

  • Get up to $250,000 in coverage online
  • Must be 18 to 64 years old to apply
  • No medical exam normally needed
  • Get approved and covered instantly
  • Coverage guaranteed until age 752
  • Changes to your health won’t cancel coverage once accepted
  • If you’re diagnosed with a terminal illness, choose to receive up to $50,000 early3

The online calculator can help you determine how much life insurance you may need. Apply online in minutes and lock in your premium rates for five years.

Have questions?

Please contact us to learn more and ask about coverage greater than $250,000.


1The Canadian Tire Term Life Insurance Plan is available to Canadians ages 18 to 64 (in the Province of Quebec this product is only available to Canadian Tire Cardmembers and their spouses ages 18 to 64).

2As long as you pay your premiums on time and the Master Policy 74630 issued to Canadian Tire Services Limited remains in force. Coverage reduces by 20% of the original amount, per year, starting at age 71 and coverage terminates at age 75.

3You can receive up to 50% of your death benefit to a maximum of $50,000 if you become terminally ill with less than 12 months to live.

4Plus applicable sales taxes.

The Canadian Tire Term Life Insurance Plan is group insurance underwritten by The Canada Life Assurance Company. Premium amounts will vary according to the level of coverage, age, gender and smoking categories chosen. Sales taxes will be added to the premiums where applicable. Complete details of coverage including any limitations or exclusions that may apply, are set out in the Certificate of Insurance Opens in a new window provided on enrolment. Exclusions include, but are not limited to, suicide within the first two years of coverage. Please read the Certificate of Insurance carefully and keep it in a safe place.

™Canada Life and design are trademarks of The Canada Life Assurance Company.
™The trademarks of Canadian Tire Corporation, Limited are under licence.