30 Year Term Life Insurance Rates & Who It's For — Canada (2026)
A 30 year term life insurance policy locks in your premium and coverage for three decades — the longest term commonly offered in Canada. This guide covers typical 30-year term life insurance rates by age, who it's best for, and how it compares to 10- and 20-year term. For a general overview see 30 year term life insurance Canada.
Updated March 16, 2026
30 year term life insurance rates — rough benchmarks
Below are illustrative monthly premiums for $500,000, 30-year term, healthy non-smoker. Actual 30 year term life insurance rates depend on your age, gender, health, and insurer.
| Age | Approx. monthly (30-year term) |
|---|---|
| 25 | $24–$42 |
| 30 | $32–$52 |
| 35 | $42–$68 |
| 40 | $58–$95 |
30-year term costs more per year than 20-year term because the insurer carries risk longer. Women typically pay less than men. Use LowestRates.io to compare 30-year term life insurance rates from 50+ Canadian providers.
Who is 30 year term life insurance for?
Good fit: Young parents who want coverage until kids are well into adulthood; anyone with a 25–30 year mortgage; people who want to lock in today's rate for as long as possible. Consider 20-year instead: If your mortgage or dependant years are under 20 years, 20-year term is usually cheaper. See how much life insurance coverage and term life insurance Canada.
30 year vs 20 year term
Thirty-year term gives 10 extra years of level premium and coverage but at a higher cost than 20-year. If you outlive a 20-year term you would need to renew (at much higher rates) or buy a new policy. Choosing 30-year avoids that repricing for an extra decade. Compare both on get a quote.
FAQ
How much does 30 year term cost?
Rates vary by age, gender, health, and coverage. A healthy 30-year-old might see roughly $32–$52/month for $500K. Compare quotes for your profile.
Who is 30 year term best for?
People who want the longest level premium and coverage — e.g. young families, long mortgages.
20 or 30 year term?
30-year if you want coverage and level cost for 30 years; 20-year if your need is shorter or you want a lower premium.
Compare 30 year term rates
Compare 30 year term life insurance rates from 50+ Canadian providers. Also see 30 year term life insurance Canada and term life insurance Canada.