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Term life insurance with benefits now.

Protect your loved ones’ future and get healthy living benefits today.
REQUEST QUOTE

Instant coverage starting as low as $1.25 per week*

Get covered in minutes. No medical exam. 30-day money back guarantee. Annual $100 healthy living rebate. That’s living nowly.

Step 1:

Request a quick, no-obligation quote. One of our advisors will call you very shortly with an estimated rate.

Phone Request Quote

Step 2:

It only takes minutes for our advisor to help you select your preferred term and get you a quote.

Step 2 nowly Insurance Guide

Step 3:

Applying online is just as easy. Answer some quick health questions. (No medical exam or needles.)

nowly illustration health questions

Step 4:

Upon instant approval, set up your monthly payments and register on our Member portal to access your policy documents and healthy living rebate info.

Step 4 nowly Insurance Guide

*Age-based rate of an 18-year-old female non-smoker for a non-renewable 10-year term life policy with $100,000 coverage. Subject to terms and conditions.

nowly Term Life Insurance

An easy, simplified and affordable life insurance plan for you and your loved ones with an annual $100 healthy living rebate. Those with simple life insurance needs, are healthy and want great coverage with amazing benefits will love the nowly term life plan.

Non-Renewable Term Life Insurance
Renewable Term Life Insurance
Term 100 Life Insurance
Eligibility Ages
Term 10: 18-60
Term 15: 18-55
Term 20: 18-50
Term 25: 18-45
Term 10: 18-60
Term 15: 18-55
Term 20: 18-50
Term 25: 18-45
Term 100: 18-65
Coverage Amount
$100,000 - $1,000,000
Ages 18-45
$1,000,000
Ages 46-50
$500,000
Ages 51-55
$250,000
Ages 56-60
$150,000
Ages 18-45
$1,000,000
Ages 46-50
$500,000
Ages 51-55
$250,000
Ages 56-60
$150,000
Ages 18-45
$1,000,000
Ages 46-50
$500,000
Ages 51-55
$250,000
Ages 56-65
$150,000
Application
Simplified & instant issue or underwritten if more medical information required
Simplified & instant issue or underwritten if more medical information required
Underwritten only
Medical Questionnaire
Yes. Medical exam and fluids may be required.
Yes. Medical exam and fluids may be required.
Yes. Medical exam and fluids may be required.
If Approved, Coverage Effective
Instant approval or 4-6 weeks if more medical information required
Instant approval or 4-6 weeks if more medical information required
If approved, coverage effective 4-6 weeks
Maximum Expiry Age
70
70
Lifetime (coverage continues past the insured’s 100th birthday)
Cash Surrender Value
None
None
None
Renewable/Convertible
No
Renewable only
No
Premiums
Premiums level throughout the policy term
Premiums level throughout the initial policy term; step-up rates apply at time of renewable
Premiums level throughout the policy term and must be paid up until the insured’s 100th birthday.
All of our term life products offer our Members a terminal illness benefit which is an advance of your death benefit up to 50% to a maximum of $50K to help you cover unexpected costs associated with medical appointments etc. To qualify, your policy must be in good standing for a minimum of two years, and must be diagnosed with a terminal illness and have a life expectancy of eighteen (18) months or less. Terms and conditions apply.
Nowly

Protect your loved ones with nowly term life insurance.

Our term life insurance is about affordability and incredible benefits now. Premiums are affordable and remain the same throughout the term of your policy.

Request QuoteBuy Affordable Term Life Insurance
1-844-667-5433

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nowly is a division of Teachers Life Insurance Society (Fraternal) (“Teachers Life” or “we”) nowly is a division of Teachers Life Insurance Society (Fraternal) (“Teachers Life” or “we”) which sells life, and accident and sickness insurance. All benefits are provided, and all policies are underwritten, by Teachers Life. nowly, Teachers Life and all trademarks used on this website are owned or licensed by Teachers Life. All rights are reserved. nowly products and services are available to residents of Canada in all provinces and territories, except Québec. Quotes are intended as an estimate only and are not guaranteed to be accurate. Your actual policy terms, including your premiums and coverage details may be different from the quote you receive, and, in some cases, we may have to review your application and ask for additional information. “Instant Coverage Now” is based on what most applicants may experience. It might take longer to be approved depending on the information you provide in your application, and you might not be approved for any coverage. Our 30-day money back refers to our 30-day free look period where you can cancel your policy and receive a full refund 30 days from the date of delivery of your policy or within 60 days after the date the policy is issued, whichever is earlier. You can cancel your insurance contract by notifying us in writing within the free look period that you wish to cancel. Always refer to your policy for the most detailed and accurate information about your coverage, including limits and exclusions. Your insurance policy will always prevail if there’s ever a conflict with the information found on this website or other materials or communications we provide to you. We reserve the right to change, remove or cancel any of the products, services, or member benefits on our websites at any time, without notice to you. For details about the benefits of being a member and your eligibility for member benefits, please read our Terms of Use. By using this website, you accept and agree to our website terms of use. Please contact nowly at help@nowly.ca or call: 416-620-1607 or Toll Free: 1-844-667-5433 if you have any questions. If you’re a nowly member, you can log in to the member portal at: members.nowly.ca if you have any questions.

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