Affordable Coverage for Life’s Most Important Years
Term life insurance provides cost-effective protection for a set period, typically 10, 20, or 30 years. It’s ideal for covering major financial responsibilities like a mortgage, education costs, or income replacement during your working years. At MB Insurance, we tailor your term policy to match your life stage, ensuring your loved ones are secure if the unexpected happens.
Why Do You Need Term Life Insurance in Canada?
Affordable protection for family’s future financial security.
Income Replacement
Provides steady financial support to your family, replacing lost income to cover essential expenses like education, bills, and daily needs.
Debt and Mortgage Coverage
Protects your family from inheriting mortgage payments and debts, ensuring they maintain stability without additional financial strain after loss.
Flexible, Affordable Coverage
Offers customizable, cost-effective options for set terms, making it an accessible choice for young families and individuals on a budget.
Who Needs Term Life Insurance?
Young Families
Parents needing affordable protection to secure children’s future education and household stability if something unexpected happens.
Homeowners
Families with active mortgages wanting protection to ensure housing security in case of untimely passing.
Entrepreneurs
Business owners protecting financial obligations, debts, and business continuity for partners and employees.
Why Choose MB Insurance for Term Life Insurance?
Tailored Term Coverage for Every Life Stage
We design flexible term life insurance plans that adapt to your age, lifestyle, and financial needs, ensuring complete protection always.
Experienced Advisors Guide You with Personal Attention
Our skilled advisors listen carefully, explain all options clearly, and provide trusted, personalized guidance so you make confident insurance choices.
Affordable Plans Offering Transparency and Value Always
MB Insurance delivers competitively priced term life coverage with no hidden fees, ensuring affordability, transparency, and true value for families.
Dedicated Customer Support When Families Need Help
Our responsive customer service team is always available, offering compassionate guidance, fast claim assistance, and reliable support during life’s uncertainties.
What our beloved client says
Check out what our client have to say about our services
Term life insurance provides temporary coverage with no cash value, while permanent life offers lifelong coverage with a cash value component.
No, you cannot extend it. You can either renew for a higher premium or purchase a new policy based on your current age.
Your policy expires, and there is no payout or refund. The coverage ends, and you stop paying premiums.
Yes, it is typically required for most policies to assess risk and determine premiums. Some policies offer simplified underwriting.
Yes, many term policies have a conversion feature that allows you to switch to a permanent policy without a new medical exam.
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