Simplified 10K Life Insurance

If you want a simple, truly affordable way to give your loved ones that little extra they may need to pay off debts, settle funeral costs and more. Simplified Life Insurance is the easiest solution.

Offering you guaranteed coverage starting at only 25¢ a day*, this life insurance plan is available to Canadian residents aged 18 to 60.

There is no medical exam when you apply and your acceptance is guaranteed, regardless of your current health or medical history, as long as you meet the eligibility criteria.

  • Coverage amount of $10,000
  • Your approval is guaranteed, as long as you meet the eligibility criteria
  • No medical exams or questions when you apply
  • Insurance rates are locked-in and will never increase
  • Coverage can continue up to age 75
  • Tax-free, lump-sum benefit paid to your beneficiaries

If death occurs within the first two years from the effective date of coverage, then the death benefit is a return of premiums paid with no interest.

This is not a contract. Actual terms and conditions are detailed in the policy issued by Manulife upon final application approval. It contains important details concerning exclusions, conditions and limitations. It is important that you read your Insurance policy when you get it to understand exactly what you are covered for.

See the sample policy for detailed information on benefits, limitations and exclusions. View Simplified Life Insurance policy (PDF).

Yes, if you are aged 18 - 60

Age Non-smoker1 Smoker
18 to 40 $7.50 $15.00
41 to 50 $10.50 $21.00
51 to 60 $16.50 $33.00


Premiums quoted are subject to sales tax (if applicable).

1 Non-Smokers are those who have not used any form of tobacco or tobacco cessation products in the past 12 months. 

Please note that plan rates are not guaranteed and are subject to change at any time if you are not insured. Once insured, rates are guaranteed to remain the same throughout the duration of your term. 

Rates are subject to change upon renewal.

Our 30-day guarantee

If for any reason, the coverage you purchased to help protect you and your loved ones, does not satisfy your needs, you may simply request a refund within 30 days of receiving your policy. Any premiums paid for the coverage will be promptly refunded.2

Ready to apply for Term Life Insurance?

The purpose of life insurance is to help protect your loved ones should the unthinkable happen. The money from your life insurance could be used to take care of your loved ones living expenses, mortgage payments, outstanding debts and credit card payments, childcare and education expenses, funeral costs, or any other expenses. The money could also be left as a gift to a loved one and/or favourite charity or be used to protect the value of your estate and/or business.

As your lifestyle changes, so do your life insurance needs. Major life events like getting married, purchasing a home, having a child or buying a business can all increase your need for life insurance, making it important that you review your current life insurance coverage each year to ensure it's enough to meet your needs.

The amount of life insurance that's right for you depends on your unique personal and financial situation, including whether you have a spouse and/or children, your existing assets, your liabilities, etc.

There are four main reasons why our Term Life Insurance is a smart alternative to mortgage life insurance:

Mortgage life insurance typically pays the death benefit to the lender who holds your mortgage(s). Our Term Life Insurance will pay the death benefit directly to your beneficiary, giving them more control over how that money is spent.

With mortgage life insurance, your coverage decreases as your mortgage decreases. With our Term Life Insurance, your coverage amount stays the same.

With mortgage life insurance, you have to re-apply every time you change lending institutions or buy a new home. With our Term Life Insurance, your insurance is automatically renewed – with no medical questions asked at the time of renewal – unless you want to increase your coverage. You can cancel your plan any time you wish.

Depending on your age and health, the premiums for mortgage insurance can also be much higher than for Term Life protection by CAA.

Take action


Need Assistance?

Speak to a friendly and knowledgeable advisor.

Call 1-844-538-7454
Monday to Friday, from
8 a.m. to 8 p.m. ET

or email