Skip to main content
Select Image
Prospera Insurance Agencies

Life insurance


Family comes first. Life insurance is there to protect their financial well-being, just in case.

Life insurance

Life insurance provides your beneficiaries with a lump-sum, tax-free benefit on your death. They can use that money to pay off a mortgage, cover taxes due on your estate, put towards post-secondary education, or meet any other need.

Life insurance is provided by Prospera Insurance Agencies Ltd*.

Life insurance is right for you if:

  • You want to protect your family’s standard of living.
  • You want to make sure loved ones aren’t left with debt.
  • You want to build a legacy for your children.
  • You want to protect business partners.
  • You want to create a substantial gift for a charity.

How life insurance helps:


  • Arrange enough to pay off your mortgage, car loan, and other debts, and cover household expenses for a period of time.
  • Give your family financial flexibility at a very difficult time.
  • Make sure your business is able to continue without you.
  • Become a philanthropist if you choose.
 
Life Insurance

Term or permanent life insurance

Term life insurance provides protection for a specific amount of time (the “term”). It’s simple, cost-effective, and great for filling a temporary need, like protecting your family while your children are growing up. 

Once children move out on their own and you have enough saved for retirement, permanent life insurance may be a better choice. It’s initially more expensive, but includes an investment component that can enhance your overall wealth protection strategy.

Talk with an advisor to see which is best for you.
Insurance Specialist


Insurance advisors

Let our expert advisors guide you towards appropriate insurance protection that gives you peace of mind.

Want to learn more? Check out our blogs

Do I need to top up the life insurance I have through work?

5 ways to use term insurance

How to reach us

Call our Member Service Centre

Toll free
1 888 440 4480

Monday to Friday
8 am - 8 pm

Saturday 9 am - 5 pm

Contact tech support
Send us an email
Prospera Insurance Agencies Ltd. provides life, disability, critical illness and long-term care insurance, annuities, and full business solutions such as group benefit plans, succession planning, and business owner insurance.

Your insurance contract will provide details of the coverage available under the plan you choose. Restrictions may apply.