Permanent Life Insurance in Quebec
5.0 · 268 Google reviewsAdvisors certified by the AMFAn independent firm in Mascouche
Lifetime protection, fixed premiums and a cash value that grows. The ideal tool for estate planning. Compare 20+ companies.
- Protection guaranteed for your entire life
- Tax-sheltered cash value
- Fixed premiums that never go up
- Ideal for leaving a guaranteed legacy
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The unique advantages of permanent life insurance
More than protection: a financial asset that stays with you for life.
Lifetime protection
Your loved ones are protected no matter when death occurs. Coverage never ends as long as the premiums are paid.
Cash value
A value builds up inside your policy, sheltered from tax, that you can use during your lifetime if the need arises.
Guaranteed premiums
Your premium is fixed and will never change, regardless of your age or changes in your health.
How much does permanent life insurance cost in 2026?
Real monthly premiums for whole life insurance payable for life, surveyed from the insurers we compare. Premiums are fixed for life.
Sample rates: Permanent life insurance (premiums payable for life)
For a non-smoking woman
| Amount / Age | Age 25 | Age 35 | Age 45 | Age 55 | Age 65 |
|---|---|---|---|---|---|
| $25,000 | $14.78 | $20.78 | $29.72 | $45.09 | $72.92 |
| $50,000 | $24.76 | $34.36 | $52.24 | $81.23 | $140.45 |
| $100,000 | $40.74 | $59.92 | $95.15 | $145.62 | $264.06 |
| $250,000 | $91.04 | $139.00 | $220.73 | $341.33 | $634.73 |
For a non-smoking man
| Amount / Age | Age 25 | Age 35 | Age 45 | Age 55 | Age 65 |
|---|---|---|---|---|---|
| $25,000 | $17.23 | $23.55 | $35.01 | $51.28 | $89.86 |
| $50,000 | $28.55 | $39.89 | $61.25 | $96.44 | $170.68 |
| $100,000 | $48.30 | $70.69 | $112.77 | $171.72 | $296.10 |
| $250,000 | $109.94 | $160.73 | $272.25 | $407.03 | $725.63 |
* Lowest monthly premium among the 7 insurers surveyed through WinQuote on October 30, 2026, for a non-smoker in good health (standard class) living in Quebec. For guidance only: your rate depends on your health, your habits and the insurer chosen. Get your actual rate.
When is permanent life insurance the right choice?
It answers needs that last a lifetime.
Estate planning
Pass on a tax-free legacy to your loved ones or to a charity.
Taxes at death
Cover the taxes on your assets (cottage, buildings, investments) to avoid a forced sale.
Funeral expenses
Make sure your funeral and final expenses will not weigh on your family.
Tax-sheltered savings
Build value that grows with no annual tax, on top of your RRSP and TFSA.
How does it work?
Getting an insurance quote has never been easier
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Our partner insurers
We compare products from more than 16 insurance companies to bring you the best options at the best price
All our advisors are certified by the Autorité des marchés financiers (AMF)
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The team behind the service
A small team that serves clients everywhere in Quebec. The person who calls you back works here.
Services financiers Finox inc.: an independent firm
A Quebec financial services firm registered with the Autorité des marchés financiers, based in Mascouche, independent from the insurers. 268 Google reviews, rated 5.0. Your information is used only to prepare your quotes; one person from our team calls you back.
Dany MichaudPartnerAMF no. 243405
Evan Juteau LapierrePartner and senior brokerAMF no. 260856
Étienne LejeuneSenior brokerAMF no. 250008
Alexandre ClémentAssociate advisorAMF no. 250201
Mathis Aubin SavardAdvisorAMF no. 277477
Cédric SénéchalDirector of strategic development and marketing
Kim CôtéProperty and casualty insurance
Zavier BinetteIntern
Émie BélangerAdvisor assistant
Jessica Archambault-LeonaSocial media manager
Questions about permanent life insurance
Permanent life insurance (also called whole life insurance) covers you for your entire life, with no end date, as long as the premiums are paid. On top of the death benefit, it builds a cash value you can use while you are alive. Its premiums are generally fixed and guaranteed for life.
Cash value is a sum that builds up inside your policy over the years, sheltered from tax. You can access it during your lifetime — through a withdrawal, a policy loan, or by using it as collateral for a loan. It is a financial asset that sets permanent insurance apart from term insurance.
Term insurance covers a fixed period (10 to 30 years) at the lowest price, with no cash value. Permanent insurance covers your entire life, with higher but fixed premiums, and builds a cash value. Term insurance protects a temporary need; permanent insurance answers a need that will last forever, such as estate planning.
It suits people who want to leave a guaranteed legacy, cover the taxes owed at death on their assets (rental properties, a cottage, a business), pay for a funeral, or build tax-sheltered value. It is also a highly valued estate planning tool.
Participating permanent insurance pays dividends (policyholder dividends) based on the performance of the insurer’s portfolio. These dividends can increase your cash value and your coverage over time. It is a form of permanent insurance with strong long-term growth potential.
It costs more than term insurance because the protection lasts a lifetime and a cash value builds up. A 40-year-old non-smoking man can get $100,000 of whole life coverage for roughly $55 to $75 a month. Rates vary a great deal between companies, which is why comparing with an advisor matters.
Guide to permanent life insurance in Quebec
Permanent life insurance, often called whole life insurance, stands apart from term insurance thanks to one major advantage: it never ends. As long as the premiums are paid, the protection stays in force for your entire life, and a cash value builds up over the years. It is the tool of choice for financial goals that extend beyond a single period of time.
Whole life or participating: what is the difference?
Traditional whole life insurance offers fixed guarantees: premium, coverage and cash value are known in advance. The participating version adds dividends which, depending on the insurer’s performance, can grow your value and your coverage over time. The latter is especially sought after as a long-term, tax-sheltered growth vehicle.
Average permanent life insurance rates (2026)
| Profile | Coverage | Type | Premium/month |
|---|---|---|---|
| Woman, 35, non-smoker | $100,000 | Whole life | ~$48/month |
| Man, 40, non-smoker | $100,000 | Whole life | ~$65/month |
| Woman, 45, non-smoker | $250,000 | Participating | ~$205/month |
* Indicative rates based on 2026 Quebec market averages. Actual rates vary with your health profile.
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