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Simplified Life Insurance
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“Loved how easy it was to compare and customize the policy coverage amount.”
Mike Chapman
March 2022
What is Simplified Life Insurance?
Simplified issue life insurance (also known as “no medical exam life insurance in Canada”) offers our clients an easier way to qualify for coverage. Instead of scheduling a nurse’s visit or lab tests, you answer a short series of health questions. Approval is quick – often within minutes – and coverage can start immediately.
This type of policy is ideal for people who want protection without the delay or hassle of a full medical exam.
Who Needs Simplified Issue Life Insurance
Simplified issue coverage is a great option for those who:
✔ Want life insurance without a medical exam
✔ Have minor health conditions that make traditional underwriting harder
✔ Need coverage quickly (approval in minutes)
✔ Are self-employed or have unpredictable schedules
✔ Prefer the privacy of answering questions online
This plan gives you access to competitive rates while skipping the medical exam process.
If you’re unsure whether simplified or no-medical coverage fits your needs, see our guide to life insurance without a medical exam in Canada.
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How Much Coverage Can You Get?
Canadian insurers typically offer $50,000 to $1,000,000 in simplified issue term life insurance coverage, depending on your age, health, and overall risk profile. These plans make it easy to get meaningful protection without delays. Approvals are often completed within minutes after answering a few health questions.
Term lengths range from 10 to 30 years, with premiums locked in for the entire duration of the period you choose. This helps you plan confidently, knowing your costs won’t increase as you age or if your health changes.
Many Canadians use simplified issue term life insurance to protect their mortgage, income, or young family, while others choose smaller amounts to cover personal loans or short-term obligations.
At TermCanada, we compare rates from top simplified issue life insurance companies in Canada so you can find the policy that fits your goals, budget, and peace of mind.
When Does it Make Sense?
No medical life insurance makes sense when you want temporary protection without the wait, needles, or paperwork. It’s an ideal option if you’re busy, value convenience, or have minor health conditions that might delay or complicate the process for a fully underwritten policy. No blood tests, no nurse visits, and no lengthy approvals.
Instead, you answer a few health questions and get a decision quickly… sometimes within minutes. Coverage can often begin the same day, giving you peace of mind without weeks of uncertainty.
This makes simplified issue term insurance especially appealing for self-employed individuals, new homeowners, or parents who want fast, flexible protection without compromising on quality.
With TermCanada, you can compare trusted no medical life insurance options in Canada side by side and choose a policy that fits your lifestyle, health, and family’s financial goals.
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No Medical Exam Life Insurance
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Simplified Life Insurance
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Term Life vs. Whole Life: What’s the Difference?
When people start looking into life insurance, they quickly discover there are two main choices: term life insurance and whole life insurance (also known as permanent insurance). Both offer important protection, but they work in very different ways.
✔ Whole Life Insurance: Is designed to last your entire lifetime and may build cash value along the way. While that sounds appealing, it also comes with a much higher price tag.
✔ Term Life Insurance: This coverage focuses on pure protection for a set period. That means you can lock in a much larger amount of protection for the same budget. If you ever decide you want lifetime coverage later, many policies allow you to convert from term to a permanent policy.
So which one do most Canadians choose?
The numbers speak for themselves. According to the Canadian Life & Health Insurance Association, over 22 million Canadians own life insurance, and the majority choose term.
Why? Because it’s simple, affordable, and effective. Families across Canada rely on term life to protect mortgages, replace income, and provide security for their families.
If you’re looking for comprehensive protection at the best price, term life insurance is the clear choice.
Not sure how much coverage you actually need?
Use our income replacement calculator to figure out your life insurance needs. It estimates your ideal coverage amount before comparing quotes.
How Much Simplified Life Insurance Do You Really Need
The right amount of simplified issue coverage depends on your financial situation, income, and long-term goals. Think of it as a safety net for your loved ones. It should replace your income for several years, cover outstanding debts like a mortgage, and ensure your family can maintain their lifestyle if the unexpected happens.
Many Canadians choose coverage that’s roughly 7 to 10 times their annual income, but the right amount for you depends on your unique circumstances, including whether you have children or other dependents, your outstanding debts, and your current savings.
Suppose you’re self-employed or your income varies. In that case, simplified issue term insurance offers predictable protection with fixed rates and quick approval so that you can secure coverage even without traditional underwriting.
When in doubt, it’s better to start with a smaller, affordable policy and adjust as your needs grow. A licensed TermCanada broker can help you explore your best options and ensure your coverage aligns with your goals.
Term Life vs. Whole Life: What’s the Difference?
| Feature | Simplified Issue Term | Traditional Term |
|---|---|---|
| Nurse Visit | ❌ No | ✅ Yes |
| Health Questions | ✅ Short Form | ✅ Full Underwriting |
| Approval Speed | 🕒 Instant / 24 Hours | 🕒 1 - 3 Weeks |
| Price | $ Slightly Higher | $ Lower (for healthy applicants) |
| Coverage Limits | Up to $1M | Up to $10M+ |
Most Common Term Lengths For No Medical Exam Life Insurance
When choosing a simplified issue or no medical exam life insurance policy, one of the biggest decisions is how long you want your coverage to last. Term lengths usually come in 10, 20, and 30-year options, giving you flexibility based on your age, goals, and budget.
A 10-year term is ideal if you only need short-term protection, such as covering a loan or bridging the years until retirement.
A 20-year term often fits growing families who want affordable stability while kids are still at home. For long-range security, a 30-year term offers peace of mind that your premiums and protection remain locked in through major milestones, such as mortgage payoff or college planning.
Simplified Life Insurance Companies
Below are some of the top simplified issue life insurance providers in Canada, offering flexible term lengths, fast approvals, and affordable rates without medical exams. TermCanada compares these companies side by side so you can quickly find the coverage that fits your needs, budget, and lifestyle—all in one place.
To see how each term affects cost and coverage, explore our Simplified Issue Life Insurance Companies comparison table below.
| Company | Plan Name | Min - Max Age | Max Coverage | # of Quotations |
|---|---|---|---|---|
| Assumption Life | Golden Protection (Elite) - Term & Permanent Platinum Protection - Term & Permanent Silver Protection | 18 - 85 | $50,000 - $500,000 | 3 - 17 |
| Canada Protection Plan | Deferred or Simplified - Term & Permanent | 18 - 80 | $75,000 - $500,000 | 23 - 39 |
| Foresters | Simplified Non-par whole life | 18 - 70 | $10,000 - $100,000 | 10 |
| Humania Insurance | Insurance without medical exam | 18 - 70 | $300,000 | 6 - 18 |
| Industrial Alliance | Access Life - Term & Permanent | 18 - 70 | $25,000 - $500,000 | Deferred - 5 Deferred Plus - 9 Immediate - 13 |
| Manulife | Cover Me®, Easy Issue Manulife Quick Issue Term® | 18 - 70 18 - 50 | $75,000 $100,000 - $500,000 | 15 |
| Beneva | Simplified Life - is more medically underwritten than other simplified issue policies | 18 - 70 | $25,000 - $500,000 | 51 |
Looking for the best Simplified Issue Life Insurance in Canada? TermCanada has you covered! The process is simple and easy. Click below and get your quote TODAY!
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Frequently Asked Questions
Simplified Life Insurance Quotes
Once you’ve reviewed your options, the next step is easy. Connect with a licensed expert or calculate how much coverage you really need.
Contact a Life Insurance Broker — speak directly with a licensed Canadian broker for personalized guidance.
Life Insurance Broker Canada — learn more about the brokers and how we help Canadians get unbiased advice.
How Much Life Insurance Do I Need? — use our calculator to estimate your ideal coverage amount.
Check out some frequently asked questions we get at TermCanada.
What is simplified life insurance and how does it work in Canada?
Simplified life insurance (also known as simplified issue or no medical life insurance) offers quick, hassle-free coverage without a medical exam. Instead of lab tests or nurse visits, you answer a short health questionnaire. Approval can occur within minutes, and coverage begins immediately, making it ideal for busy Canadians who want protection without delay.
Who qualifies for simplified issue life insurance?
Most Canadians between 18 and 75 can qualify for simplified issue coverage, especially if they’re in relatively good health or have only minor medical conditions. You’ll need to answer a few basic health questions to determine eligibility, but even people who have been declined for traditional life insurance may still qualify.
What’s the difference between simplified issue and no medical life insurance?
Both skip medical exams, but simplified issue policies ask a few health questions to offer better rates. No medical life insurance, sometimes called guaranteed issue, asks no health questions at all but typically costs more and offers lower coverage amounts. TermCanada helps you compare both options to see which one best fits your needs.
How fast can I get approved for simplified issue coverage?
Approval is usually instant or same-day once you complete your health questionnaire. Because there’s no medical exam or paperwork delay, you can secure coverage in just minutes — perfect for Canadians who need immediate protection for loans, family security, or final expenses.
Is simplified life insurance more expensive than traditional term insurance?
Generally, yes — simplified issue life insurance costs slightly more because the insurer takes on additional risk without a full medical exam. However, the higher premium often pays off in speed, convenience, and guaranteed peace of mind, especially for people with busy lives or minor health issues.
Can I get simplified term life insurance if I have health issues?
Yes. Many Canadians with mild or manageable health conditions — like high blood pressure, cholesterol, or controlled diabetes — qualify for simplified issue coverage. The key is honesty when answering health questions, as insurers use your responses to determine approval and rates.
How much simplified life insurance coverage can I get in Canada?
Most simplified issue life insurance policies offer between $50,000 and $1,000,000 in coverage, depending on your age and health. Term lengths typically range from 10 to 30 years, with premiums locked in for the full term. TermCanada compares Canada’s top simplified issue insurers so you can find your best rate instantly.
What are the best simplified issue life insurance companies in Canada?
Some of the leading simplified issue providers include Canada Protection Plan, Industrial Alliance, Assumption Life, Humania, and Wawanesa. Each insurer offers unique term lengths, approval requirements, and benefit options. Visit our Simplified Issue Life Insurance Companies guide for a full breakdown.
Does simplified life insurance offer the same protection as fully underwritten policies?
Yes, the protection works the same — your loved ones receive a tax-free payout if you pass away during your term. The difference is in how you qualify and how much coverage you can get. Simplified issue plans trade slightly higher costs for convenience and speed, but the benefits are identical in structure.
When should I choose simplified issue over traditional life insurance?
Simplified issue makes sense when you want fast, reliable coverage without delays — especially if you’re self-employed, recently moved to Canada, have minor health concerns, or simply prefer convenience over paperwork. For many Canadians, it’s the perfect balance of affordability, flexibility, and peace of mind.
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