Why consider Scotia Term 25 Life Insurance?
Is this coverage right for me?
Scotia Term 25 Life Insurance is great for:
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Individuals or young families looking to cover their mortgage
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Young families looking for income replacement at a lower cost
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Individuals focused on affordable coverage with future flexibility
Scotia Term 25 Life Insurance details:
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Scotia Term 25 Life Insurance
- Coverage from $25,000- $20 million
- Age eligibility to apply: 18-60
- Convertible to permanent life insurance up to age 75
- 10-day money back guarantee
- Application process with an Advisor
- If approved, majority of policies issued within 5 days
- Full underwriting
Scotia Term Life insurance is underwritten and issued by The Empire Life Insurance Company and distributed by BNS Insurance Agency Inc.
Compare all coverages
Scotia Term 10 | Scotia Term 15 | Scotia Term 20 | Scotia Term 25 | Scotia Term 30 | |||
Term 10 | Simplified 10 | Term 15 | Term 20 | Simplified 20 | Term 25 | Term 30 | |
Length of Coverage | 10 year renewable to age 752 Renewal Rate every 10 years is guaranteed |
10 years renewable to age 75 Renewal rate is not guaranteed until declared |
15 years renewable to age 703 Renewal Rate every 15 years is guaranteed |
20 year renewable to age 654 Renewal Rate every 20 years is guaranteed |
20 years renewable to age 75 Renewal rate is not guaranteed until declared |
25 year initial term renewable to age 605 After year 25 renewal rate is guaranteed every year to age 85 |
30 year initial term renewable to age 556 After year 30 renewal rate is guaranteed every year to age 85 |
Amount of Coverage Available | $10,000- $20 million (depends on age) | $50,000-$1 million (depends on age) | $10,000- $20 million (depends on age) | $25,000-$20 million | $50,000-$1 million (depends on age) | $25,000-$20 million | $25,000-$20 million |
Age Eligibility to apply | 18-75 | 18-60 | 18-70 | 18-65 | 18-55 | 18-60 | 18-55 |
Convertibility | Convertible to whole Iife insurance | Not convertible to whole Iife insurance | Convertible to whole Iife insurance | Convertible to whole Iife insurance | Not convertible to whole Iife insurance | Convertible to whole Iife insurance | Convertible to whole Iife insurance |
What's not covered
Suicide is not covered during the first 2 years of coverage (or within 2 years after coverage reinstatement).
Scotia Insurance is a registered trademark of The Bank of Nova Scotia, used under license by BNS Insurance Agency Inc.
Scotia Term Life Insurance is underwritten and issued by The Empire Life Insurance Company and distributed by BNS Insurance Agency Inc.
All insurance coverage is subject to certain limitations, restrictions and exclusions outlines in the applicable Policy of Insurance.
Coverage is currently not available in Nunavut.