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5-Year Term Life
Simple, affordable protection if you want short-term life insurance.
Ideal for:
- Couples
- Young families
- Homeowners
- People aged 18-70
Multi-Term Life
Affordable, long-term protection designed to meet your constantly changing needs and lifestyle. You can choose between 3 term options: 10-Year Term, 15-Year Term, 20-Year Term.
Ideal for:
- Couples
- Families
- Homeowners
- Self-employed workers
- People aged 18-65 (10-Year Term), 18-60 (15-Year Term) or 18-55 (20-Year Term)
Lifetime Protection
Affordable protection to help safeguard your loved ones even after your group life plan ends or when your term life insurance policy expires.
Ideal for:
- Couples
- Families with older children
- Grandparents in good health
- Homeowners
- People aged 18-75
Guaranteed Issue
The simple solution if you’re having trouble finding affordable life insurance because of your age or health. Your acceptance is guaranteed as long as you meet the eligibility criteria.
Ideal for:
- People with health problems
- People aged 40-75
Easy to Apply Life Insurance
With BCAA 5-Year Term Life Insurance, you can quickly and easily obtain $50,000 or $100,000 of coverage. There are no medical exams or long health questionnaires when you apply. You simply need to answer three questions and be a Canadian resident aged 50 or under.
Key Features
Why Choose BCAA Life Insurance?
Life Insurance Plans
Choose a plan that fits your life. No matter your lifestyle or status, we have flexible plan options to suit your needs.
5-Year Term Life |
Multi-Term Life |
Lifetime Protection |
Guaranteed Issue |
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Coverage Amounts |
$50,000 to $500,000 | $50,000 to $1 million | $50,000 to $500,000 | $5,000 to $25,000 |
Terms AvailableRates are locked in for the length of your term. |
5-year term | 10, 15 & 20-year term | Rate locked in forever | Rate locked in forever and free after age 95 |
Guaranteed Renewable |
Up to age 75 | Up to age 75 | For life | For life |
Convertible to Lifetime Protection Plan or 20-Year Term Plan |
Before age 56 | Before age 71 | ||
Volume DiscountDiscount is dependent on the coverage amounts you buy. Learn more. |
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BCAA Member Exclusive BenefitYour coverage will increase by 2% every year - at no extra cost to you (for up to 5 years). |
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Simplified ApplicationMakes applying for coverage of $50,000 or $100,000 fast and easy if you are age 50 and under. |
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Optional Automatic Increase BenefitYour coverage could increase by 5% every year (for up to 10 years) if you choose the optional Automatic Increase Benefit***. |
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Critical Illness Benefit IncludedUp to a max. of $15,000. |
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Accidental Death BenefitIncrease your coverage by 5x if you die accidentally before age 85. |
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When to Consider Life Insurance?
Finding the right life insurance depends on your unique situation. Whatever stage you’re at, BCAA has a life insurance plan that’s right for you.
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BCAA Blog
Offering expert advice, useful articles, inspiring stories and simple tips to help you navigate life’s many roads.
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Read MoreLife Insurance is sold through BCAA Insurance Agency Ltd., a licensed insurance agent, and underwritten by the Manufacturers Life Insurance Company (Manulife).
*Conditions and limitations apply.**Health Service Navigator is offered through The Manufacturers Life Insurance Company (Manulife). WorldCare and the WorldCare Consortium are trademarks of WorldCare Limited, used under license.
***The 5% Automatic Increase Benefit is optional, and no medical questions are required at time of increase to obtain it. By selecting this option when you sign up for BCAA Term 5 Life Insurance, your initial coverage amount will increase by 5% every year. This allows your coverage amount to keep pace with increases in the cost of living. Please note that premiums are adjusted accordingly. The increase applies for a maximum period of 10 years or until your 56th birthday or the date the total Amount of Insurance in force has increased by 50% or when you ask to stop it, whichever occurs sooner.