Security For Your Family

Personal insurance for today’s families

Life is filled with uncertainty. Help protect the ones you love.

Founded in 1847, Canada Life is Canada’s first domestic life insurance company and has served the financial security needs of more than 12 million Canadians for over 170 years.

Canada Life offers a range of life and health insurance products to Hudson’s Bay customers, including Term Life, Critical Illness, and Accident and Guaranteed Issue Insurance*. In addition to a 30-day satisfaction guarantee, you can earn 1,000 Hudson’s Bay Rewards points when you obtain a quote, 2,000 points upon enrolment and 4,000 points annually when you renew your coverage.¹

MORE POINTS. MORE REWARDS.

Canada Life offers:

  • Canada-based customer service
  • Simple enrollment process
  • A variety of plans to cover different needs
  • Easy to understand Certificates of Insurance
  • Hudson’s Bay Rewards points

Insurance Points Earned¹ Hudson’s Bay Gift Card Value
Quote 1,000 n/a
Enrollment 2,000 $10
Renewal (annual) 4,000 $20

Insurance Points Earned¹ Hudson’s Bay Gift Card Value
Quote 1,000 n/a
Enrollment 2,000 $10
Renewal (annual) 4,000 $20

Life is filled with uncertainty. Help protect the ones you love.

Founded in 1847, Canada Life is Canada’s first domestic life insurance company and has served the financial security needs of more than 12 million Canadians for over 170 years.

Canada Life offers a range of life and health insurance products to Hudson’s Bay customers, including Term Life, Critical Illness, and Accident and Guaranteed Issue Insurance*. In addition to a 30-day satisfaction guarantee, you can earn 1,000 Hudson’s Bay Rewards points when you obtain a quote, 2,000 points upon enrolment and 4,000 points annually when you renew your coverage.¹

MORE POINTS. MORE REWARDS.

Canada Life offers:

  • Canada-based customer service
  • Simple enrollment process
  • A variety of plans to cover different needs
  • Easy to understand Certificates of Insurance
  • Hudson’s Bay Rewards points

Term Life Insurance

Coverage starting at only $4.25 per month.²

When you’re not there to help the ones you love, a term-life insurance policy can help protect your family’s financial future.

Key Features:

  • Up to $250,000 in coverage with rates locked in for 5 years.
  • No medical exam normally required to enroll.
  • Advanced benefit up to $50,000 if you are diagnosed with a terminal illness.
  • Guaranteed coverage up to age 75³.
  • Additional coverage up to $750,000 available.
  • 30-day risk-free satisfaction guarantee.

Save 15% on your premiums when you purchase Term and Critical Illness.⁴

Critical Illness Insurance

Coverage starting at only $6.84 per month.⁵

When diagnosed with a critical illness, face the future with confidence. With Critical Illness Insurance you can focus on recovery, not bills.

Key Features:

  • Up to $100,000 in coverage with rates locked in for 5 years.
  • Guaranteed coverage to age 70.
  • Provides a lump-sum benefit 30 days after diagnosis of a covered critical illness.
  • 30-day risk-free satisfaction guarantee.
  •  Save 15% on your premiums when you choose Term and Critical Illness.⁶

Accident Insurance

Coverage starting at only $6.95 per month.⁷

When an accident leaves you unable to work, help supplement your lost income with Accident Insurance.

Key Features:

  • Coverage for yourself or your whole family.
  • Up to $150,000 of coverage for Accidental Death.
  • FREE accidental death coverage up to $2,000 for 5 years.
  • Benefits paid to a beneficiary are tax-free.
  • No medical exam or health questions required to enroll.
  • Premiums don’t increase as you age or if your health changes.
  • 30-day risk-free satisfaction guarantee. per day for home recovery.

Guaranteed Issue Life Insurance

Coverage starting at only $4.90 per month.⁸

With no health questions or medical exam, your acceptance is guaranteed. Be able to leave money to the ones you love, even if you have a medical condition.

Key Features:

  • Up to $20,000 in available coverage for those between the ages of 45 and 75.
  • Benefits paid to a beneficiary are tax-free. 
  • Lifetime coverage guaranteed and no payments required after age 90.
  • 30-day risk-free satisfaction guarantee.

All products come with a 30-day risk-free satisfaction guarantee.

 

DID YOU KNOW

You should review your life insurance once a year or when a major life change happens such as getting married, buying a house or having children

Our latest articles on Life Insurance

Life Insurance Is a Good Bet

  • Posted by hbfs
  • On October 29, 2018
The Ontario Lottery and Gaming Corporation estimates that just over 40% of Ontario adults are current lottery players — buying at least one lottery ticket in the past two months.1 Everyone who plays the lottery hopes to win big, but only about 1 in 14 million players actually wins the grand prize.2 Instead of taking […]
Read More

Life Insurance Needs Change as You Age

  • Posted by hbfs
  • On October 22, 2018
Getting married, buying a home and having a child are all events that can prompt people to review their insurance coverage. It’s important to regularly assess life insurance needs after these big life changes to ensure that your coverage matches your current financial situation, home life and future plans.
Read More

Why Is It Hard to Talk about Life Insurance?

  • Posted by hbfs
  • On October 15, 2018
Life insurance is a topic many Canadians choose to avoid. It’s not pleasant to think about the possibility of a loved one dying or your own mortality. To avoid upsetting family members, we may choose not to talk about life insurance at all — and that’s a mistake.
Read More

Help Protect Your New Home with Life Insurance

  • Posted by hbfs
  • On October 8, 2018
Buying a home can be stressful. Not only is the competition fierce but home prices keep rising, making down payments and monthly mortgage payments more expensive. Many homeowners rely on double income to make ends meet, so after finding your dream home and signing the papers, it’s important to help protect your new home. One […]
Read More

How to Leave a Lasting Legacy for Loved Ones

  • Posted by hbfs
  • On September 17, 2018
Many Canadians think about how to leave a lasting legacy for their loved ones. Your legacy not only helps future generations remember the contributions you made but can also have a meaningful impact on their lives. Help ensure that you’re leaving a legacy that will inspire those around you by following these four recommendations:
Read More

Stay-at-Home Parents Should Consider Life Insurance Too

  • Posted by hbfs
  • On September 10, 2018
The birth of a child is a life event that causes many parents to buy life insurance for the first time. However, there’s a misconception that the primary wage earner is the only one who needs to be insured. Stay-at-home parents should also consider having adequate life insurance, especially when the cost of daycare seems […]
Read More

*Term Life, Critical Illness, and Accident and Guaranteed Issue Insurance are group insurance arranged for by Hudson’s Bay Financial Services and underwritten by The Canada Life Assurance Company. Complete details of coverage, including definitions of covered conditions and any limitations or exclusions that apply, are set out in the Certificate of Insurance provided on enrollment.

1 Earn 1,000 Hudson’s Bay Rewards points when you obtain a one-time, no obligation Term Life, Guaranteed Issue Life, Accident, or Critical Illness insurance quote; 2,000 at enrolment; and 4,000 annually, when you use a valid Canadian credit card to pay your premiums.

2Plus applicable taxes.  Price quoted is for a benefit amount of $50,000 for a female, non-smoker between the ages of 18 and 25.

Each Hudson’s Bay Rewards point offer is limited to one Hudson’s Bay Rewards account per household.

3Coverage reduces by 10% of the original amount per year starting at age 66. Coverage terminates at age 75.

4Purchase Term Life and Critical Illness and save 15% of the premium for each coverage.

5Plus applicable taxes.  Price quoted is for a benefit amount of $25,000 for a female, non-smoker between the ages of 18 and 29.

6Purchase Critical Illness and Term Life and save 15% of the premium for each policy.

7Plus applicable taxes.  Price quoted is for Accidental Death, Survivor Benefit and Public Transportation Benefit coverage only.

8Plus applicable taxes.  Price quoted is for $2,500 of coverage for a female, non-smoker who is 45 years of age.

Hudson’s Bay Rewards points will be issued within 4-6 weeks.

This offer cannot be combined with other offers and may change without notice. Personal Insurance for Hudson’s Bay customers is arranged for by Hudson’s Bay Financial Services and underwritten by The Canada Life Assurance Company

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