Choose the coverage you need to take care of yourself and feel good about taking care of your loved ones’ future.

provides your beneficiaries with a lump-sum payment in the event of your death. This product is ideal for you if you do not have, or do not have enough life insurance and would like to provide financial security for your loved ones. It may help maintain current lifestyle, pay for children’s education, pay off debt or cover other expenses.

Coverage is available for 10-year or 20-year terms. Coverage for a 10-year term can help you with your shorter term financial needs or is suited for those who would like to pay a consistent premium that only increases after every 10-year period. Coverage for a 20-year term can help you with longer term financial needs or is suited for those who would like to pay a consistent premium that only increases after every 20-year period.

  • Select the coverage amount you need from $50,000 to $5,000,000
  • You have the option to receive 50% of your coverage amount up to $250,000 during your lifetime if you are diagnosed with a terminal illness and have less than 12 months to live
  • You can choose who the benefit is paid to
  • The monthly premium is guaranteed for each term
  • Premiums will only increase after each term is completed
  • Coverage ends at age 75
  • You can also extend your coverage beyond age 75 by changing your term from a 10-year or 20-year term to a term that lasts for your lifetime.

A sample insurance policy with the complete terms and conditions can be viewed here: CIBC Term Life Insurance Policy (PDF, 3.3 MB) Opens a new window in your browser

Products and their features may change at any time. In case of discrepancy between the information provided on this website and your insurance policy, your policy prevails.
 

provides a lump sum payment if you are diagnosed with a covered critical illness and survive for at least 30 days. This product is ideal for you if you would like financial protection in the event you are diagnosed with a covered critical illness. It may assist with income replacement, covering medical expenses and maintaining your current lifestyle. The covered critical illnesses are life-threatening cancer, stroke, heart attack, and coronary artery by-pass surgery. Learn more about CIBC Critical Illness covered conditions (PDF, 45 KB) Opens a new window in your browser

Coverage is available for 10-year or 20-year terms. Coverage for a 10-year term is suited for those who would like to pay a consistent premium that only increases after every 10-year period. Coverage for a 20-year term is suited for those who would like to pay a consistent premium that only increases after every 20-year period.

  • Select the coverage amount you need from $15,000 to $200,000
  • The monthly premium is guaranteed for each term
  • Premiums will only increase after each term is completed
  • Coverage ends at age 75

A sample insurance policy with the complete terms and conditions can be viewed here: CIBC Critical Illness Insurance Policy (PDF, 4.1 MB) Opens a new window in your browser

Products and their features may change at any time. In case of discrepancy between the information provided on this website and your insurance policy, your policy prevails.

 

What is not covered:

No benefit will be paid if:

  • your death results from any self-inflicted injury or suicide within two years from the date that your policy comes into effect;
  • your policy is not in effect; or
  • your policy is declared void because you provided false, incorrect or incomplete information during the application process or because you committed a fraud in connection with your policy.

The above information is intended as a summary only. Please review all CIBC Term Life exclusions and limitations (PDF, 40 KB) Opens a new window in your browser
 

No benefit will be paid if:

  • the critical illness results from any condition, disease or illness not covered under the policy;
  • you do not survive for 30 days after you are diagnosed with a critical illness or you have experienced irreversible cessation of all functions of the brain before the end of the 30-day period;
  • the policy is not in effect or you are diagnosed while the policy is not in effect;
  • your policy is declared void because you provided false, incorrect or incomplete information during the application process or because you committed a fraud in connection with your policy;
  • the critical illness arises from the following:
    • any self-inflicted injury or attempted suicide,
    • intentional use or intake of any drug, intoxicant (including alcohol), narcotic or poisonous substance,
    • your attempt to commit or your commission of an indictable offence,
    • your participation in war or hostile act of the armed forces of any country, insurrection or civil commotion, or
    • your operation of any vehicle, water or aircraft while your concentration of alcohol in 100 milliliters of blood exceeds 80 milligrams or while you are under the influence of any drug, intoxicant, narcotic or poisonous substance.

There is a 90-day waiting period for life-threatening cancer coverage. This means that once your policy is in effect (or is reinstated) there is no life-threatening cancer coverage if:

  • you are diagnosed with cancer (whether covered or excluded under your policy) within 90 days of the effective date of your coverage, or
  • you have any signs, symptoms or investigations within the 90-day waiting period that lead to a diagnosis of cancer (whether covered or excluded under this policy) regardless of when the diagnosis is made.

The above information is intended as a summary only. Please review all CIBC Critical Illness exclusions and limitations here (PDF, 55 KB) Opens a new window in your browser

Benefits offered by CIBC Term Life Insurance and CIBC Critical Illness Insurance:

 

Locked in Premiums

Know your current and future premiums prior to purchase

Convertible 

You can change your term from a 10-year to a 20-year term

Free-Look Period

You can cancel your coverage for a full refund within the first 30 days

No Commitment

You can cancel your coverage at any time

Non-smoker Premiums

Lower premiums are available based on non-smoker status

Convenient 

You can apply for coverage 24 hours a day, 7 days a week using our online application

CIBC Term Life Insurance and CIBC Critical Illness Insurance
 

To be eligible to apply for CIBC Term Life Insurance and/or CIBC Critical Illness Insurance you must be:

  • A resident of Canada; and
  • Between the ages of:
    • 18 to 65 years old inclusive (for 10-year term coverage)
    • 18 to 55 years old inclusive (for 20-year term coverage)

Today’s the day!
 

There are convenient ways to get a quote and purchase CIBC Term Life Insurance and/or CIBC Critical Illness Insurance

You may have other insurance needs and we recommend that you discuss your overall insurance needs with a licensed insurance agent. If you would like to speak to a licensed insurance agent, please call 1-888-393-1110, Monday to Friday from 8:00 am to 10:00 pm (ET).

Phone

Speak to one of our licensed insurance agents by calling  (8:00 am to 10:00 pm ET) to get a quote and purchase this insurance.

Note to Quebec residents: This product isn’t available online in Quebec at this time. Call one of our licensed insurance agents to get a quote and buy.

To make a claim, please call us to request a claim form and to obtain more information about the supporting documents that you will need to include with your completed claim form. You can reach us at 1-888-393-1110 Monday to Friday from 8:00 am and 10:00 pm (ET).

Information About CIBC Life Insurance Company Limited

CIBC Term Life Insurance and CIBC Critical Illness Insurance are underwritten by CIBC Life Insurance Company Limited (CIBC Life). CIBC Life is federally incorporated under the Insurance Companies Act (Canada) and is licensed to carry on business in all provinces and territories of Canada. For more details, see Insurance Regulator Registration Information (PDF, 140 KB) Opens a new window in your browser..

If you have a complaint, learn more about filing a complaint.