# Life Insurance > Safeguard your loved ones' future with life insurance. Get a free quote and ensure financial security for your family in case of your passing. Life Insurance Secure a future for your loved ones. Planning for the future can feel overwhelming, but protecting those you love shouldn't be. Personal life insurance offers a safety net, ensuring your loved ones are financially secure even in your absence. Get a Quote Your guide to life insurance. The money paid to your loved ones can help them cover expenses during a difficult time. Some policies also continue to offer payments to replace lost income. As there are no restrictions on how the funds can be used, your family may choose to spend it how they see fit. For example, life insurance can help your family: Replace your lost income Maintain their standard of living Provide for your dependents Pay for education Cover funeral and other related expenses Pay off debts Relieve financial stress  Coverage across Canada. Connect with a licensed advisor today for a personalized needs analysis. Get a Quote Find a Branch Key features of life insurance coverage. We understand thinking about and planning for death can be uncomfortable. Our expert life advisors will guide you through the entire process and help you secure the best coverage based on your specific needs. Term Life Insurance This is typically the simplest, most affordable and basic type of life insurance. It’s a great choice if you think your circumstances will change in the future or your needs are only short-term. Whole Life Insurance This is a permanent life insurance policy that will last your lifetime if you keep paying your premiums. A portion of your premiums are investments, which means your policy benefit can grow over time. Investments are managed by a specialty department of the insurance provider. Universal Life Insurance This is another permanent policy but it differs from whole life in that it offers you the ability to choose how your premiums are invested. This is a good option if you are investment-savvy and wish to be more hands-on with monitoring your funds overtime.. Why choose Acera for your life insurance? Our advisors offer specialized knowledge and guidance to help you find the right insurance solutions for you and your loved ones. Independence Without insurance carriers or foreign ownership, we provide professional, impartial advice and negotiate terms with the best interest of our valued clients in mind. Employee Ownership With over 650 employee-owners, we are committed to building lasting relationships with our clients and supporting your long-term financial future. Customize Your Coverage We partner with Canada’s leading insurers to bring you comprehensive, customizable coverage with flexible limits, terms and optional add-ons. Answering your most common questions. Do I need life insurance? Will your loved ones be burdened by expenses if you were to pass away? If the answer is yes, you should consider protecting their financial future with life insurance. While you may have life insurance through work, these benefits may be limited or not provide the coverage your family truly needs. Plus, your coverage typically ends if you change employers. Personal life insurance offers the most options and greater peace of mind if something should happen to you. How much does life insurance cost? Several factors are considered when calculating life insurance rates, including the type you choose - term life insurance, whole life insurance or universal life insurance - and your policy limit. Other factors that can affect your life insurance rates include: If you smoke or drink Your family history Your personal medical history Your driving record Your demographics Your occupation Your hobbies Your lifestyle Your insurance history Our expert life insurance advisors are here to bring you the coverage you need at the best possible rates. As an independent brokerage, we have access to and can compare across many different life insurance companies across Canada. When should I get life insurance? This is a personal choice, but life insurance is often more affordable when you purchase it when you’re younger and pose less risk. It’s advisable to purchase life insurance if you recently made a significant life change, such as buying a home, getting married or having children. How long should my term life insurance be? When purchasing any life insurance policy, you should consider: how much coverage you need (i.e., your financial obligations and debts) how much you can afford (i.e., the more coverage you have, the higher your premium will be) how much you qualify for, which is dependent on factors such as your age, health and more. When it comes to term life insurance, insurers typically offer set terms of 10, 15, 20 and 30 years. You can renew your policy at the end of a term, but depending on your personal circumstances and health, your rates may increase. Contact us and one of our expert life insurance advisors can advise on the best option for your unique situation. What does life insurance cover? Life insurance covers you in the event of death and pays out a non-taxable lump sum to your beneficiaries. Disability insurance and critical illness insurance are separate policies, although they may be bundled with a life insurance policy. Personal insurance insights for your everyday. Still have questions? We’re happy to connect with you. Let’s start a conversation. Find a Branch