At AiA Insurance Brokers, we understand that rising life insurance costs are a growing concern for Canadians. If you’ve noticed your premiums increasing, you’re not alone. Let’s break down the key statistics, reasons behind the hikes, and what this means for your coverage.

Life Insurance Premiums Increase Statistics in Canada

• Global premiums rose by 2.6% in 2024 (Swiss Re Institute).
• Canadian insurers are projecting 3%+ annual increases starting in 2025.
• A 20-year term policy that cost 40/monthin 2020 **couldnowexceed** 50/month-and prices keep climbing

5 Key Reasons Premiums Are Rising

1. 1. Inflation Driving Up Costs – Higher operational expenses for insurers lead to increased premiums.
   2. Higher Mortality & Health Risks – Post-pandemic health issues and an aging population mean more claims.
   3. Low Investment Returns – Insurers rely on bond yields, but volatile interest rates hurt profits.
   4. Climate Change Impact – Extreme weather increases reinsurance costs, indirectly affecting life insurance.
   5. Tighter Regulations – Stricter capital reserve rules force insurers to raise prices.

What This Means for You

• Renewing a term policy? Expect higher rates—lock in coverage now before another increase.
• Delaying coverage? The longer you wait, the more you’ll pay due to age and health changes.
• Not all insurers price the same—some offer better rates based on your profile.

Don’t Wait—Secure Your Coverage Today!

Call AiA Insurance Brokers for a free, no-obligation quote—we’ll help you navigate rising costs while keeping your family protected.

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