Protecting Life’s Journey

Term Life Insurance Plan


Your Term Life Insurance plan protects your family’s future with affordable and reliable coverage plus a variety of additional benefits. You and your spouse can each apply for coverage to a maximum of $500,000. Together, you could have up to $1,000,000 of protection for your family.


While employer plans can terminate if you change jobs, this insurance stays with you regardless of your work status.


As a customer of iA Financial Group, you’ll enjoy the comfort and confidence that comes with our 125-year history as one of Canada’s most trusted insurance providers.

Spousal Coverage

Your spouse is also eligible to apply under your plan.

Extra Benefits at No Extra Cost

Hudson’s Bay Cardholders take advantage of these features of the Term Life insurance plan at no extra cost to you and in addition to your term life benefit:

We will cover the payment of your premiums if you are disabled, throughout the duration of your disability, through to age 65.

Coverage of up to $10,000 for occupational training for you or your spouse, should it be required.

Reimbursement of daycare expenses up to 5% to a maximum of $5,000/year, per child, for up to 4 years.

Reimbursement of child education expenses up to 5% to a maximum of $5,000/year, per child, for up to 4 years

By clicking ‘Get a Quote / Enroll Now’ you acknowledge leaving Hudson’s Bay to visit a third-party website and agree to the Hudson’s Bay Company  Terms and Conditions and Privacy Policy.

Enroll Now!

Step 1: Are you a Hudson’s Bay Reward Member?


Enrollment 2,000
Renewal (annual) 3,000

Hudson's Bay Rewards Logo


Term Life Insurance is offered by Hudson’s Bay Financial Services and is underwritten by Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group). iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is a Canadian public company that helps ensure the financial wellbeing of our clients by offering them personal insurance coverage and investment solutions to help them achieve their personal goals.

Did you know?

Without life insurance, you’re leaving your spouse and loved ones financially vulnerable if something happens to you. It could mean selling your family home and losing their quality of life.

With the Hudson’s Bay Cardholders Term Life Insurance plan, you can rest easy knowing that your loved ones will be cared for financially after you die.

Latest Term Life Articles

What is Term Life Insurance?

What is Term Life Insurance?

Everyone is familiar with insurance. But many Canadians aren’t so familiar with the ins and outs of life insurance, as important as it is. Term life insurance, specifically, refers to a life insurance policy that provides coverage for a specified term. Usually, the...

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Term Life Insurance is arranged by Hudson’s Bay Financial Services and underwritten by Industrial Alliance Insurance and Financial Services Inc.. All applicants must have an Hbc Mastercard or Hbc Rewards Card to enroll. Term Life Insurance is currently not available in Northwest Territories, Nunavut, Yukon.Complete details of coverage, including definitions and exclusions that apply, are set out in the Policy.
*Earn 2,000 Hudson’s Bay Rewards points upon approval and 3,000 annually.
Each Hudson’s Bay Rewards point offer is limited to one Hudson’s Bay Rewards account per household.Hudson’s Bay Rewards points will be issued within 46 weeks.
Due to provincial regulations, Rewards Points are not available for any quotes or enrolments to customers located in ON, PQ, NS, PEI and NFLD.
Premiums can be paid using the Hbc Mastercard powered by NEO, valid Canadian credit card or preauthorized debit.