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# The odds of dying in Canada and how to minimize your risk

## Are the odds in your favour? Here's a breakdown of the probability of death by age in Canada

There’s some evidence to suggest that contemplating death may make you funnier and even help you save money. Whether or not that does the trick for you, one thing is certain: Of the more than 100 billion people who’ve ever lived, all of them have had to deal with it. Might as well face the inevitable armed with the rates and risks of death and dying. Here’s the probability of death by age in Canada and other useful stats and facts.

### What’s the probability of death by age in Canada for men and women?

Most of us expect to live well into retirement, but it turns out the odds of dying before you reach retirement decrease as you age. It makes sense that there’s a greater chance of accidental death occurring within the 20 years leading up to retirement than within the 5 years immediately before you retire. Interestingly, women generally have lower odds of dying compared to men.

The table below gives the percentage chance of a non-smoker dying before age 65 according to Canada Life, based on data from the Canadian Institute of Actuaries.

Calculations for the likelihood of death are merely based on average mortality among specific populations, gender and age groups. They do not predict the specific percentage chance of any one person dying — including you — and does not consider personal health or lifestyle information, which can dramatically alter a person’s likelihood of living past a certain age. If you’re concerned about your overall health and risks, talk to your doctor or health professional.
25 years old7%5%
35 years old6%4%
45 years old5%4%
55 years old2%2%
60 years old1%1%

### What is the life expectancy for men and women?

Life expectancy is another interesting angle to view the issue of death. Life expectancy is the number of years you are expected to live past a certain age. The numbers show the same trend as the odds of dying – women are generally expected to live longer lives than similarly aged men. Still, as both men and women age the life expectancy gap narrows, and by age 90 they have similar life expectancies.

The actuarial table below is from the most recent mortality rates from 2016-2018 — directly from Statistics Canada. It does not consider personal health or lifestyle information, which can dramatically alter a person’s life expectancy.

Life expectancy calculations are based on averages of mortality among specific populations, gender and age groups. These calculations are not predictive of the specific life expectancy for any one person — including you. If you’re concerned about your overall health risks, talk to your doctor or health care professional.
##### Female(the number of remainingyears expected to live)
0 year79.984.1
1 year79.383.4
2 years78.382.4
3 years77.381.4
4 years76.380.5
5 years75.379.5
6 years74.378.5
7 years73.377.5
8 years72.376.5
9 years71.475.5
10 years70.474.5
11 years69.473.5
12 years68.472.5
13 years67.471.5
14 years66.470.5
15 years65.469.5
16 years64.468.5
17 years63.467.6
18 years62.566.6
19 years61.565.6
20 years60.564.6
21 years59.663.6
22 years58.662.6
23 years57.761.7
24 years56.760.7
25 years55.859.7
26 years54.858.7
27 years53.957.8
28 years52.956.8
29 years52.055.8
30 years51.054.8
31 years50.153.9
32 years49.152.9
33 years48.251.9
34 years47.250.9
35 years46.350.0
36 years45.349.0
37 years44.448.0
38 years43.447.1
39 years42.546.1
40 years41.645.1
41 years40.644.2
42 years39.743.2
43 years38.742.2
44 years37.841.3
45 years36.940.3
46 years35.939.4
47 years35.038.4
48 years34.137.5
49 years33.236.5
50 years32.335.6
51 years31.434.7
52 years30.533.7
53 years29.632.8
54 years28.731.9
55 years27.831.0
56 years26.930.1
57 years26.129.2
58 years25.228.3
59 years24.327.4
60 years23.526.5
61 years22.725.6
62 years21.824.7
63 years21.023.8
64 years20.223.0
65 years19.422.1
66 years18.621.3
67 years17.820.5
68 years17.119.6
69 years16.318.8
70 years15.618.0
71 years14.917.2
72 years14.216.5
73 years13.515.7
74 years12.814.9
75 years12.114.2
76 years11.513.5
77 years10.912.8
78 years10.312.1
79 years9.711.4
80 years9.110.8
81 years8.510.1
82 years8.09.5
83 years7.58.9
84 years7.08.3
85 years6.57.8
86 years6.17.2
87 years5.66.7
88 years5.26.2
89 years4.85.8
90 years4.55.3
91 years4.14.9
92 years3.84.6
93 years3.64.2
94 years3.33.9
95 years3.13.6
96 years2.83.3
97 years2.73.1
98 years2.52.9
99 years2.32.7
100 years2.22.5
101 years2.02.3
102 years1.92.2
103 years1.82.0
104 years1.71.9
105 years1.61.8
106 years1.61.7
107 years1.51.6
108 years1.51.6
109 years1.41.5
110 years and over1.41.5

#### Methodology

The data in the table is sourced from a 2016-2018 actuarial life table from Statistics Canada. Your actual life expectancy could be higher or lower depending on a range of health and lifestyle factors. Actuarial tables are about as close as we’ll ever come to being able to predict when we’ll die – in a general sense. The question of “how we’ll die” will vary based on each persons’ unique set of circumstances. Talk to your doctor or health care professional if you have any specific health concerns.

#### Who is most likely to be researching the odds of dying?

Finder data suggests that men aged 25-34 are most likely to be researching this topic.

ResponseMale (%)Female (%)
65+9.00%3.60%
55-6410.04%4.65%
45-5411.24%5.02%
35-4411.09%7.27%
25-3412.67%7.05%
18-2411.32%7.05%
Source: Finder sample of 1,334 visitors using demographics data from Google Analytics

### Are you a risk taker?

Instinct tells us that riskier activities increase your likelihood of dying. But what counts as a risk? You might be surprised to find out that your job or common activities and hobbies can increase your chances of dying by quite a bit. Here’s a list of some activities that increase your risk of death.

• Riding a bike. No kidding, this is actually one of the most risky common activities you can do. The age-standardized cycling death rate in Canada is 151 per 1,000,000 population.
• Snowboarding and Skiing. Whether if it’s from an avalanche or an accident, these are pretty risky sports.
• Swimming. Even if you consider yourself a good swimmer, accidents happen – putting swimming on the list of risky activities.
• Skydiving. It’s pretty obvious how skydiving accidents could lead to death.

### What happens to the debt we leave behind?

Most of us have heard the popular idiom “you can’t take it with you when you go” which refers to money as having no value in the hereafter. And while true, fails to capture the full story as money will still likely play a meaningful role in the lives of those that we leave behind.

Although funeral costs can vary widely depending on which province you live in and what type of ceremony you want, according to InMemory, the average cost of a funeral service and burial in Canada can be around \$13,000. Cremations on the other hand can be around \$3,000 to \$5,500. Who knew that dying could be so expensive, but more importantly who’s responsible for these expenses when you die?

What’s more, the government will pay any of your outstanding debt from your estate after you die, before the beneficiaries of your will receive any money. In the event that there’s not enough in your estate to cover the debts, they will go unpaid.

Generally, this means that your living beneficiaries are not on the hook for repaying your debts. However, your loved ones could find themselves having to repay any debts that they co-signed for – like a mortgage or a car loan.

Perhaps the most concerning aspect of leaving behind significant debt is the fact that you could be denying your loved ones keepsakes that you had always planned for your surviving family to inherit. Should you die without sufficient assets to cover your debt, that house, painting, or even coin collection that you thought would be passed down to the next generation could be liquidated to pay off your obligations.

You should know that both life insurance and retirement accounts are totally exempt from being used to satisfy debt as long as you name beneficiaries for those funds other than your estate.

Leaving behind debt can interfere with your peace of mind during your final days. The last thing you should be thinking about as you drift toward the light at the end of the tunnel is “who’s going to pay for my funeral service?” or “what’s going to happen to grandma’s ring?” Luckily, there are ways to avoid this through proper planning, which is always best to get a head start on… because you never know what’s around the corner.

### How can you protect yourself?

There are many misconceptions surrounding life insurance, one of which is cost. It’s easy for people to think that the price of life insurance is significantly more costly than it is in reality. But in reality it can cost less than most of your other expenses. For example, the cost of a 20 year term life insurance policy with a \$250,000 death benefit for a 30 year old non-smoking male, could be around \$20.00 per month. That’s less than a tank of gas, and about the same as a dinner out at a restaurant.

### Compare life insurance providers

1 - 2 of 2
Name Product Types of Insurance Coverage Range Issue Ages Medical Exam Required Province Availability
Term Life, Critical Illness
\$100,000 - \$5,000,000
18 - 75
No
AB, BC, MB, NB, NL, NS, ON, PEI, QC, SK, YT, NT, NU
Get fast and affordable term life insurance. Personalize your policy details and get an estimate price within seconds. No phone call, meeting or paperwork required. Get an instant decision.
Whole Life, Term Life, Universal, No Medical
\$25,000 - \$25,000,000
18 - 75
No
AB, BC, MB, ON
PolicyAdvisor is a digital life insurance brokerage that has partnerships with 20 insurers in Canada.

### Is critical illness insurance right for me?

Sometimes coupled with a life insurance policy, critical illness insurance lets you concentrate on recovery instead of finances if you get diagnosed with a serious illness. Common features of critical illness insurance include:

• Coverage for common critical conditions and illnesses. Some policies have coverage for over 30 different illnesses. If you receive a diagnosis, you can begin the claim process.
• Lump sum payment. This could range from \$25,000.00 to to over \$2 million (if fully underwritten) depending on the illness.
• Wider range of coverage. With higher premiums, the range of covered conditions increases to include things like organ failure, HIV, loss of independent existence or loss of senses.
• Children can be insured. Some insurers bundle the policy with added coverage for your children.

#### PolicyMe Critical Illness Insurance

Get covered for 44 different conditions with plans from \$10K to \$1M, for 10 to 30 years. Apply easily online.

### Odds of dying: Bottom line

Death isn’t something the average person likes to think about. But since it’s inevitable, there is no reason to avoid confronting proper planning around your finances.

Life insurance is a great way to ensure that your financial legacy isn’t one where your loved ones are scrambling to pay for your final-expenses, your dependents are struggling to make ends meet and your most prized possessions aren’t sold off to pay back debt.

Written by

#### Chelsey Hurst

Publisher

Chelsey Hurst is a publisher at Finder, specializing in banking and investments. She loves empowering people to avoid financial pitfalls and make better decisions with their money. Chelsey has a Bachelor of Science from Redeemer University, a Master of Science from McMaster University, and has won multiple awards for research communication. In her spare time, Chelsey enjoys cooking and taking long walks in nature. See full bio

Co-written by

#### Jing Jun Ma

Publisher

Jing Jun Ma is a tech and data expert with more than a decade of experience in digital marketing and programming. He wrangles data to make it useful for consumers facing a decision. See full bio

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