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CAA 5-Year Term Life Insurance Be prepared for life’s twists and turns

What makes it the right choice for you?

With CAA Life Insurance, we provide an easier route to help protect your loved ones. Given your current life stage, a 5-Year Term Life Insurance plan can help cover your needs. You can use it to top up other insurance plans, help your loved ones pay a remaining mortgage or their other debt, fund a spouse’s retirement and more.

Coverage from $50,000 to $500,000

CAA 5-Year Term Life Insurance can provide your loved ones with a tax-free benefit upon your passing, to use any way they require.

Top up other insurance

Even if you already have some life insurance, the low cost of CAA Term Life Insurance makes it easy to top up your existing coverage.

CAA Volume Saving

With CAA 5-Year Term Life Insurance, you can save 15% on your premium rates.1

Other features and benefits

  • Affordable alternative to mortgage insurance. Adding CAA Term Life Insurance to help cover a mortgage can be a cheaper alternative to mortgage insurance.
  • Locked-in rates. Your rates will stay the same for 5 years.
  • Living Benefit cash advance. If you are diagnosed with a terminal illness, you can get up to 50% of your coverage3 in your time of need to use as you see fit. The balance will be paid to your loved ones upon your passing.
  • Health Service Navigator®.2 Included at no extra cost, Health Service Navigator gives you and your family members answers to medical questions, reliable information resources and medical coordination services.
  • Automatic Increase Benefit. This optional benefit provides a 5% increase in coverage for up to 10 years (non-compounding). No medical exams or questions are required.
  • 30-day risk-free look. If within 30 days you have a change of heart and no longer wish to keep your coverage to help financially protect you and your family, just return your certificate and we’ll provide you with a full refund.
  • Simplified application process. Members who are under the age of 50 and looking for coverage of $50,000 or $100,000 can apply quickly and easily online by answering three questions.

Applying is fast and easy

If you are between the ages of 18 and 70, you are eligible to apply. Get a free, no-obligation quote and apply using our streamlined online application process.

Monthly Insurance Rates »

Other ways to help protect the ones you love

Looking for a longer term to suit your needs? With CAA, we offer many other ways to protect your loved ones. Click the links below to view our other terms.

CAA 10-Year Term Life Insurance »

CAA 20-Year Term Life Insurance »

1 Applicants can save 15% if purchasing above $250,000 in coverage. Volume savings of 15% do not apply to the premium that you pay separately for the optional Automatic Increase Benefit (AIB).

2 Manulife cannot guarantee the availability of this benefit indefinitely.

3 Living Benefit provides 50% of your coverage amount, up to $100,000. Conditions, limitations and exclusions apply. See certificate for details.

* Conditions, limitations and exclusions apply. Please visit for more details.

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