Chat with us, powered by LiveChat

Protect Your Loved Ones with Simple, Affordable Life Insurance

Affordabe Life Insurance for New Parents

Give your growing family long-term financial security with simple, affordable life insurance designed for new parents.

Why Life Insurance Matters for New Parents

Becoming a parent comes with new responsibilities. Life insurance helps protect your family’s financial future by ensuring they’re supported if something unexpected happens.

Replace lost income so your family can maintain their lifestyle.

Cover major future expenses like education, childcare, and mortgage payments.

Choosing the Right Life Insurance for New Parents

Find the right life insurance option for your growing family by balancing affordability, protection, and long-term security.

Term Life Insurance

Term life insurance offers affordable coverage for a set period, ideal for protecting your family when they need it most.

Lower premiums for budget-conscious families.

Coverage lasts for 10, 20, or 30 years.

Ideal for covering major financial commitments i.e. School

Whole Life Insurance

Whole life insurance provides lifelong protection and builds cash value over time.

Guaranteed lifetime coverage for peace of mind.

Accumulates cash value you can borrow against.

Premiums remain fixed throughout the policy term.

How to Choose the Best Life Insurance for New Parents

Choose coverage that fits both your current needs and your family’s long-term financial goals.

Start Your Survey

STEP 1

Assess Your Needs

Determine how much coverage your family requires to stay financially secure. Consider your income, living expenses, debts, childcare, education costs, and how much your family depends on your earnings.

STEP 2

Compare Options

Review both term and whole life insurance to find the best fit. Compare premiums, benefits, coverage amounts, and how each policy can adapt to your family’s changing needs.

STEP 3

Choose and Apply

Select a policy that gives you peace of mind and apply online in minutes. Use our comparison tool to find your best rate or speak with an advisor for personalized guidance.

Real Experiences. Real Peace of Mind.

 “We didn’t really know what we needed for life insurance. Chris explained things in a simple way and helped us land on something that felt right for our family.”

– Laura & Ben M., Langley, BC

Real Experiences. Real Peace of Mind.

“I appreciated how patient they were. They answered every question and made sure I actually understood what I was signing up for.”.

– Marissa K., Edmonton, AB

Real Experiences. Real Peace of Mind.

“We spoke with a few companies, but LifeSimple was the only one that explained things without pressure. It made the choice simple.”

– Adam & Renee T., Calgary, AB.

Real Experiences. Real Peace of Mind.

“We weren’t sure how much coverage we should get. LifeSimple walked us through the options and helped us figure it out without any sales pressure.”

– Holly & Dan F., Regina, SK

Real Experiences. Real Peace of Mind.

“We have two young kids and wanted to get this sorted out. LifeSimple made the whole thing simple and helped us choose something that fit our budget.”

– Priya & Amar S., Mississauga, ON

Real Experiences. Real Peace of Mind.

“I expected this to be complicated, but it wasn’t. Everything was explained clearly and the process was surprisingly quick.”

– Marcus D., Toronto, ON

Real Experiences. Real Peace of Mind.

“I appreciated how straightforward the conversation was. No pressure — just honest advice to help me make the right choice.”

– Danielle R., Ottawa, ON

Real Experiences. Real Peace of Mind.

“As a single mom, I just wanted straightforward advice. LifeSimple broke everything down step by step and made the decision a lot less stressful.”

– Jenny L., Abbotsford, BC

Real Experiences. Real Peace of Mind.

“I’d been putting this off for years. LifeSimple made it clear and easy, and I finally feel like I’m properly covered.”

– Patrick S., Vancouver, BC

Real Experiences. Real Peace of Mind.

“We appreciated how straightforward everything was. No pressure, just clear guidance that helped us pick the right coverage for our family.”

– Sarah & Jonathan W., West Vancouver, BC

Real Experiences. Real Peace of Mind.

“We’d talked about getting life insurance for years but never followed through. LifeSimple made it really easy for us to finally understand what we needed and get it done.”

– Megan & Tyler H., North Vancouver, BC
A happy mother and daughter holding each other

FAQs About Life Insurance For New Parents

Enjoy life’s milestones and adventures with affordable life insurance in your back pocket.

01

Why do new parents need life insurance?

Life insurance helps protect your family’s financial future by replacing lost income, covering childcare and education costs, and supporting your partner if something unexpected happens.

02

How much life insurance should new parents get?

Most families choose coverage between 10–20 times their annual income. Consider your mortgage, debts, childcare, education costs, and long-term expenses.

03

Is term life or whole life better for new parents?

Most new parents choose term life insurance because it offers high coverage at an affordable price. Whole life insurance adds lifelong protection and cash value, but comes with higher premiums.

04

Can both parents get life insurance?

Yes. It’s recommended that both parents—whether working or stay-at-home—have coverage, since each plays a critical financial role in childcare and household responsibilities.

05

How soon can new parents apply for life insurance?

You can apply anytime, including during pregnancy or shortly after your baby is born. Many plans require no medical exam and can be completed online in minutes.

Give Your Growing Family the Protection They Deserve