The offer at a glance:
- 10% off Wawanesa Life 25 and 30 year term policies
- Coverage of $500,000 or more
- Rate fixed for the full term you choose
- Applications must be submitted before December 31, 2026
Wawanesa Life Insurance: 10% Off Term Life in Calgary
Wawanesa Life is taking 10% off its 25 and 30 year term life insurance for new applicants who choose $500,000 or more in coverage. The offer ends December 31, 2026, and Punjab Insurance Calgary can help you apply for it.
Term life insurance fixes your premium on the day you are approved and keeps it there for the whole term. That means the price you lock in this year is the price you pay for the next 25 or 30 years, with 10% taken off.
If you have a mortgage, young children or a family that depends on your income, this is a good moment to find out what protection would cost.
Who qualifies for the Wawanesa 10% discount?
25 or 30-Year Term Policy
A Wawanesa Life term policy of 25 or 30 years
$500,000+ Coverage
A coverage amount of $500,000 or more
Apply before Dec 31, 2026
An application submitted before December 31, 2026
Underwriting Approval
Approval through Wawanesa's underwriting
Age limits also apply. Longer terms are available only to younger applicants, and a 30 year term generally has the lowest maximum age, so the earlier you apply, the more options you keep. We will confirm Wawanesa’s current limits when we review your situation.
A Fiew Thinks You Should Know
Does it apply to coverage under $500,000?
No. If you need less, we can still quote Wawanesa and other insurers, and we will price what you actually need instead of pushing you toward a larger policy to reach the discount.
Why might my quote not show the discount?
The 10% is applied by Wawanesa after your application is approved, so early quotes can show the standard premium. We will tell you what to expect before you apply.
Why does applying now matter more than the discount itself?
Term life premiums are set by your age and health on the day you apply. Wait a year and your starting price is higher, and that higher price follows you through every year of a 25 or 30 year term. The 10% off Wawanesa is offering simply makes an early start cheaper still.
What does a fixed rate protect you from?
Your premium does not rise as you get older, and it does not change if your health changes later. You pay the same amount each year of the term, which makes it easy to budget alongside a mortgage.
Why choose a personal policy over mortgage insurance from the bank?
Bank mortgage insurance pays the lender and usually shrinks as your balance falls. A personal term policy pays your family, who can use the money for the mortgage, childcare, daily expenses or anything else they need.
How much coverage should you consider?
A common starting point is your mortgage plus several years of income, then adjusting for children, debts and a partner’s earnings. Tell us your age, mortgage and who depends on you, and we will suggest a figure and price it.
How do you get the offer?
You apply before December 31, 2026. We complete the application with you. Wawanesa underwrites it, and a medical exam or health questions may be part of that, depending on your age and the amount.
Your rate is locked in. Once the policy is issued, your premium stays fixed for the term you chose, with Wawanesa’s 10% discount applied to approved applications.
Underwriting can take a few weeks, so we recommend starting well before the end of the year.
Why apply through Punjab Insurance Calgary?
Punjab Insurance Calgary is led by Branch Manager Gurinder Chahal and helps families and newcomers across Calgary, Edmonton and Alberta choose life insurance that fits their budget. Clients often mention quick replies, clear explanations and support that continues after the policy is in place.
Frequently Asked Question
Applications must be submitted before December 31, 2026. Underwriting takes time, so applying on the last day is risky.
No. It covers Wawanesa Life 25 and 30 year term policies with $500,000 or more in coverage. Other terms, smaller amounts and other insurers are not included.
No. Wawanesa applies it to the premium on approved applications rather than as a one-time credit, and we will confirm the details before you apply.
That depends on what you are covering. A 30 year term often suits a new mortgage or young children. If your obligations end sooner, a shorter term can cost less overall, and we will say so.
Sometimes. It depends on your age and the coverage amount, and Wawanesa makes the final call. We will explain what to expect before you apply.
Wawanesa term policies are generally renewable and convertible to permanent coverage under the insurer's terms. We will go over the rules and age limits with you.
Yes. We can quote other insurers alongside Wawanesa so you can compare price, term length and features before you decide.
We help clients across Alberta. Contact us to confirm availability for your situation.
What do you get from working with an advisor?
- Plain answers about term lengths, coverage amounts and what the policy will and will not do
- A comparison with other insurers, so you can see whether Wawanesa’s offer is the best fit
- Help with the application and with what to expect from underwriting
Find out what your rate would be
Tell us your age, your family situation and the coverage you have in mind, and we will price Wawanesa’s 25 and 30 year terms for you. Quotes are free, with no obligation, and the offer closes on December 31, 2026.
This offer is provided by The Wawanesa Life Insurance Company and applies only to Wawanesa Life 25 and 30 year term policies with a face amount of $500,000 or more. The discount is applied by Wawanesa after underwriting approval and may not appear on initial quotes. It is not offered by Punjab Insurance Calgary and does not apply to any other insurer’s policies. Premiums vary by age, health, smoking status, coverage amount and term. Wawanesa may change or withdraw the offer at any time. This page is general information and not advice about your own situation, so please speak with a licensed advisor before you decide.
