Compare Call Rates
Average premium rates available under an employer or association sponsored group life benefit plan can offer remarkable discounts over even the lowest-priced individual term life insurance policy.
In the example below, the annualized premium rates for the voluntary group term life for faculty and staff of a major university in British Columbia are compared with the lowest-cost term life insurance quote for an individual life insurance policy. Voluntary group life benefits are also called optional life insurance.
Individual life insurance rates are based on online quotes from the Term4Sale premium calculator. All dollar amounts in this article are in Canadian currency.