You choose the term (generally 10, 20, or 30 years). Then you pay the same amount each month during that term. You can cancel your coverage anytime, but you won’t be refunded. If you die within that term, your family gets paid.

If you’re still kicking and want to keep life insurance, your premiums (monthly payments) will go up. For example, if you have a 10 year term, if you want to keep renewing it, the premiums will go up every 10 years.

Did a tumbleweed rolling by its lonesome tell you that? You sure won’t hear it from a beneficiary.

That’s an insurance policy with fixed premiums for life. Sometimes it has an investment or “cash” component (money paid out to you if you cancel the plan).

The insurance company offers a cheap price because they only have to pay a claim if you die during the period you’re covered for.

Yup! Most plans end at age 85.

Check out GiddyUp’s handy premium calculator. Partner, you might pay more to insure your car. Remember it’s not about you. It’s about what your family needs if the unexpected happens.

If you want to start with a Term 10 plan but think you might still want insurance after the first 10 years are up, think hard on getting the Term 20. A Term 20 plan is cheaper over 20 years than buying a Term 10 plan twice. Same goes with a Term 30 plan—for those longer roads, it’s a better deal.

If you die from any cause*, anytime, anywhere then the insurance company will pay out the death benefit to your beneficiary tax free.

*there’s a 2 year suicide clause where no benefit is paid out if death due to suicide in first 2 years. If there’s any other fine print in your policy, we’ll talk you through them.

Depends on your rodeo. If you have dependants, try to give them enough so they ride through life smoothly. Generally, somewhere between $250,000 and $1 million will do it—but some bigger homesteads and companies might need more than $1M. GiddyUp will get you covered.

All of ‘em! Sun Life, Manulife, Canada Life, Industrial Alliance, RBC Life, Empire Life, Desjardins, Equitable Life, Foresters, BMO Insurance, Assumption Life, Humania, Canada Protection Plan, Speciality Life, SSQ, Ivari, etc.

Gender—females pay less than males

Age—older pay more than younger

Payout amount—smaller payouts generally cost less per month than bigger ones

Term—Term 10 is cheaper than Term 20 (but not in the long run)

Smoking status—Smokers pay more than non-smokers

Underwriting—You’ll pay more if you don’t want the medical exam

Ever rode a cheap horse down a long, bumpy trail? Cheapest isn’t always the best. If your health gets bad, you may need decent options to change the plan (conversion). It is normally only 3% to 5% difference in price to get better than the cheapest. We don’t sell crap.

That’s the deal. The life insurance proceeds go to who you say—tax free.

You can split the death benefit however you want.

Yup.

You can decrease the death benefit anytime. You can’t increase it without applying for a new policy.

Yup. We can structure the plan to make sure you pay with lower taxed corporate dollars and make sure the CRA won’t have an issue with it.

Does a cowboy need a hat? The answer is mostly yes. The folks at GiddyUp life insurance can give you guidance on that.

It’s your rodeo! You can either renew your term, or apply for a new plan (which could be cheaper).

We don’t think so. But do some research. Look through our info. Reach out and ask us anything. We’re here to help and not to sell you a Ferrari if you just need a nice, steady horse.

Nope. If you don’t want to look at a GiddyUp face in person, we can do everything via email, phone, text, or video chat.

About 20 minutes. If you need to go through underwriting then maybe an hour all in.

It means you answer medical questions an maybe get a medical exam. A nurse can generally come to you when it’s convenient for you.

Nope. You can answer some questions and get “non-medical” life insurance coverage. It’s way more expensive.

Everything that’s asked. If you lie or try to avoid telling an insurance company any important facts that are already available via a doctor’s notes/reports/hospital records etc., then you might as well not buy a policy because they won’t pay out at claim time.

For life insurance, you’re considered a smoker if you used nicotine in the last 12 months (cigarettes, gum, patch, etc.). You’re also considered a smoker if you use marijuana (in any way) more than 3x per week, or if you smoke cigars (once-a-month or more) or vape/use e-cigarettes

For life insurance, you’re considered a smoker if you vape or use e-cigs. Also, if you’ve used nicotine in the last 12 months (cigarettes, gum, patch, etc.). As well, you’re considered a smoker if you use marijuana (in any way) more than 3x per week, or if you smoke cigars (once-a-month or more).

For life insurance, you’re considered a smoker if you use marijuana (in any way) more than 3x per week, or if you smoke cigars (once-a-month or more) or vape/use e-cigarettes. Also, you’re considered a smoker if you used nicotine in the last 12 months (cigarettes, gum, patch, etc.).

We’ll help. Email, call, or text us. A review is simple, free, and with no obligation.

We’re paid a commission by the insurance company. It’s standard. We’re more than willing to tell you exactly how much that is once you let us know what type of a plan you want to buy.

Your privacy is important to us. See the link to our privacy guidelines/document and our disclosure notice.

You can switch your term plan to a permanent plan without going through the medical tests again (underwriting).

Buy it though the bank if you want to pay more with less coverage. Watch this CBC video. Then call us.

Do you have time to tame a rattlesnake? Just jokin’. In short, whole life is a permanent life insurance policy that covers you for your whole life or a set time. You pay a premium that’s set by the insurance company—it’s a monthly amount that’s more than just the cost of insurance. Then, the insurance company invests your premiums (along with all of the other policyholders) then gives the returns back to you in the form of a dividend. Dividends aren’t guaranteed. There’s also cash value and other options/features included with a whole life plan. We think this type of a plan can make sense for people with a long-term horizon and not a lot of debt. We’d be happy to talk to you about this one.

Yup. We’ll have you answer some questions. Then we’ll make some recommendations.

Like a “Whole Life” plan, this insurance features an investment component that can grow funds in a tax-sheltered environment. But unlike Whole Life, a Universal Life plan has unbundled the components so you see exactly how much is going into the cost of insurance and how much is going into investments. These plans can make sense if you own an incorporated business or if you’re looking for other ways to grow money that’s tax-sheltered. We’re happy to talk to you about this one. Yee-haw!

Nope. You have to pay monthly from your bank account or by annual billing.

It insures two people under one policy. The death benefit is only paid when the last person dies. Normally these types of policies are used to cover off “capital gains taxes” or “estate taxes.”

It insures two people under one policy. The death benefit is paid when one person dies and then the policy is done. This can be a cheaper type plan but not always recommended due to potential problems (like a martial breakup etc.).