The Best No Medical Life Insurance in Canada: Company Reviews (2022)

Peer reviewed by
Ivana Govedarica
, Certified Life Insurance Advisor
In This Article

No medical life insurance is a good option for Canadians who have been denied coverage before, who have pre-existing conditions or who just really don't want to do a medical exam.

Many Canadian insurance companies require a medical exam because it helps them understand the "risk" they're taking on and helps them give a better price to healthy applicants.

No medical life insurance can be a convenient alternative to traditional life insurance, but it comes at a price (literally).

Read on for reviews of the best no medical life insurance companies in Canada, so you can find the best policy for you.

Best no medical life insurance companies in Canada

Canada Protection Plan Term Life Insurance

Canada Protection Plan (CPP) is the leading insurer for no medical life insurance in Canada.

That means that, unlike traditional Canadian insurers, CPP may not:

  • Ask extensive health questions
  • Require a medical telephone exam
  • Require physical exams

CPP has a variety of no medical and simplified issue life insurance products, with both term and whole life policy options.

They're a privately owned company that’s based in Toronto and has been around for about 25 years.

Shopping for a life insurance policy can be especially intimidating for anyone recently diagnosed with a severe health condition such as a heart attack, cancer, or a stroke. This makes CPP a solid option for older adults and people who haven’t been able to get coverage before.

The trade-off is that no medical life insurance policies are much more expensive than traditional term life insurance and usually cap you on the total amount of coverage you can buy.

But if you are unable to purchase regular term insurance, a simplified issue or guaranteed issue life insurance policy could be an excellent way to get some life insurance coverage and a small death benefit for your family.

Here’s what you can expect to pay for no medical life insurance from Canada Protection Plan:

Coverage Amount Canada Protection Plan Simplified Elite No Medical Life Insurance 20 year policy for a man, aged 35
$100,000 $22/month
$200,000 $38/month
$300,000 $54/month
$400,000 $70/month
$500,000 $86/month
Pricing based on publicly-available rates as of March 2022. Terms and conditions may apply.

Pros and cons of Canada Protection Plan term policies:

  • Need to apply over the phone: Application must be done over the phone, not online. You can get a quote online.
  • Not for everyone: Canada Protection Plan offers many options for elderly customers and those that have not been able to get insurance in the past. I you are young and healthy, this is probably not the right insurance provider for you.
  • No medicals required: A Canada Protection Plan application requires no fluids, no doctor’s notes, and no medical exams. 
  • Fast time to approval: Given there are no fluids or medical tests, Canada Protection Plan has some of the fastest approval times in the industry. Often, customers will be approved within as little as 48 hours.
  • Limited coverage options: They only offer up to $750,000 in coverage for no medical and $1M for underwritten products.

When asked about CPP, Certified Life Insurance Advisor, Ivana Govedarica, explains:

"The good thing about them is that they have a huge range of products and coverage amounts to choose from. They might not grant you the coverage you're looking for or the terms you want, though."

Read our full review of Canada Protection Plan life insurance.

Canada Protection Plan Permanent No Medical Life Insurance

Canada Protection Plan has four different permanent no medical life insurance plans, the most in Canada.

Each plan is designed for a different level of insurability: from the hardest to insure to those in good health.

This type of no medical life insurance covers you for your entire life, so it's a good bet if you're looking to cover expenses that will never go way, like final expenses.

CPP's four permanent no medical plans are:

  1. Guaranteed Acceptance Life: Anyone who applies will be approved, get up to $50,000 in coverage.
  2. Deferred Life: Accumulates cash value. Get up to $75,000 in coverage if you're 18 to 60 years old.
  3. Deferred Elite Life: For those with less-serious health conditions. Get up to $350,000 in coverage.
  4. Simplified Elite Life: For those in good health. Get up on $500,000 in coverage if you're between 18 to 60 in age.

Pros and cons of Canada Protection Plan permanent policies:

  • Lots of options. There are permanent options for even hard-to-insure applicants.
  • No medical: No medical exams, no fluids and no doctor's notes.
  • Limited coverage options. Up to $500,000 in coverage available for those in relatively good health, but only up to $75,000 in coverage for those with more serious health conditions.
  • Cash value. Policies tend to accumulate cash value starting in the fifth year.
  • Waiting periods. There is a two-year waiting period before your beneficiaries can make a claim on some policies.
  • Refund on premiums. Your beneficiaries can get a refund on all premiums paid plus three per cent interest if you pass away before the two-year waiting period.
  • Quick coverage: Get immediate coverage with no waiting period.

Before you commit to permanent life insurance, learn more about how whole life insurance works and how term and permanent policies compare to see if it's truly the best product for your needs.

PolicyMe Term Life Insurance

If you want minimal health questions, PolicyMe term life insurance is a good option.

We use technology to assess your risk with a 26 question online application. Most eligible applicants complete this process in 20 minutes or less.

We'll only ask additional health questions (online) if one of the 26 base questions requires more detail.

In comparison, most fully underwritten (risk assessed) life insurance policies in Canada require an extensive application process, including a 45 minute medical interview with a nurse.

When you're done, all applicants get an instant decision. You'll know instantly if you're approved, declined or we require further information. This may include a note from your doctor and it may require a health exam (we pay for and set this up for you).

PolicyMe's term life insurance is also more affordable because it's fully risk assessed, with backing from insurance giant Canadian Premier Life Insurance Company.

No medical or simplified life insurance is more expensive because the insurance company takes on more risk by not asking all medical questions. So they pass on this risk by increasing the price of their monthly premiums.

Pros and cons of PolicyMe Term Life Insurance:

  • Ease of application: Fully online process. Dynamic online application form to only ask for medical information we need, no more, no less.
  • Free child coverage: $10,000 in free child coverage with each policy.
  • Couples discount: Couples who apply together get a 10 per cent discount in the first year.
  • No upselling: Our licensed non-commissioned advisors are available seven days a week to give advice via email or phone.
  • You may need a health exam: 36 per cent of our applications were referred for medical follow-up (in August 2021): a medical exam, a doctor's note or other information.
  • Fast time to approval: All online applications get an instant decision.
  • Affordable: PolicyMe offers some of the best life insurance rates in Canada.
  • Great coverage options: $100,000 to $5M in coverage, for terms from 10 to 30 years in length.
  • No whole life insurance: We believe most Canadians only need life insurance for a specific time in their lives, so we don't sell whole life.
  • No renewable or convertible options: You can't renew your policy after the first five years, or convert it to whole life insurance.

Certified Life Insurance Advisor, Ivana Govedarica says:

"Start with applying for a policy with a solution like PolicyMe. It's kind of like doing your due diligence. There is no cost to apply and it will not impact your applications elsewhere if you don't get approved. You'll know in, at most, 48 hours what your options are." 

Sun Life Go Guaranteed Life Insurance (permanent)

Sun Life Go Guaranteed Life Insurance is a no medical life insurance product with coverage for your entire life.

It would be a decent product for someone looking for non-medical coverage. However it's much more expensive compared to fully underwritten coverage like with PolicyMe.

Their website promises no medical questions, however if you go through the application process they do ask for a health history.

Pros and cons of Sun Life Go Guaranteed Life Insurance:

  • Ease of application: Simple online application process with 20 to 30 health questions.
  • Less coverage options: You can only get $5,000 to $25,000 in coverage, and there are only 10 to 20 year term options.
  • No medical exam: No health questions, no health checks, no health exams.
  • Guaranteed acceptance: You're guaranteed to qualify no matter your health and even if you have pre-existing health conditions.
  • Online option: Get a quote and apply online.
  • Instant coverage: Get covered instantly when you apply.
  • Level premiums: Your premiums will stay the same until you turn 95. They're free after that.
  • Waiting period: Coverage or claims can be limited if you die within the first two years of your policy being, unless your death is accidental.
  • Exclusions: Read the fine print. Sun Life will not pay out in certain instances.

Certified Life Insurance Advisor Ivana Govedarica's take:

"The disadvantage here is that there aren't a lot of coverage options." Ivana clarifies. "When comparing this product to other no medical life insurance companies on the market, it doesn't hold up." 

Are you 60+? Check out our guide to the best life insurance companies for seniors in Canada.

Cover Direct Life Insurance

Cover Direct Life Insurance is a life plan that renews every year. They ask about 12 health and lifestyle questions over the phone but there are no medical exams or blood tests.

Because Cover Direct's policies renew yearly, this means that you can't lock in your premiums.

The premiums start off cheap and get more expensive every year.

This is because Cover Direct is not fully underwritten (not fully risk assessed); they take on more risk not knowing your full health profile, so they charge you more.

Whereas with a fully underwritten product like PolicyMe term life insurance, the monthly price you start with is locked in for the entire duration of your term, even if it's for 30 years.

Everything you do is over the phone. A licensed advisor calls you, completes the medical questionnaire (about 12 medical questions) and then gets your banking info and puts your coverage in force.

Pros and cons of Cover Direct Life Insurance:

  • Phone-only application: Everything's done over the phone with an advisor. No online application option.
  • Decent coverage options: You can get up to $1.5M in coverage depending on your age.
  • No medical exam: No health exams or blood tests are needed to be approved.
  • Affordable ... at first: Prices start at $9.28 per month but they go up every year. Automatic inflation benefit (+ three per cent) each year.
  • Fast: If you're looking for coverage ASAP, Cover Direct fits the bill.

But type of life insurance policy isn't for everyone. Certified Life Insurance Advisor Ivana Govedarica breaks it down:

Yearly renewable life insurance is only a good idea in very specific scenarios. Your premiums will go up ever year that you have the policy in force. The renewal rates are determined at time of issue, but the standard company rating system are constantly changing … so there’s no way to know if you're being rated fairly year after year."

Price comparison: no medical vs. term life insurance quotes

The application process for no medical life insurance still includes a medical review component, it’s just not as thorough as a medical exam or interview. For this reason, your insurer won’t learn as much about your health and how risky it makes you as a policyholder.

So what do insurance companies do? They charge you more (sometimes much more) for coverage. If you were waiting to hear about the catch or trade-off of no medical life insurance, this is it.

Here’s how quotes for no medical life insurance compare to standard (i.e., fully underwritten) life insurance quotes:

Age Canada Protection Plan Simplified Elite premiums for $500,000 in coverage for a man (10 year policy) PolicyMe premiums for $500,000 in coverage for a man (10 year policy)
20 years old $68 / month $21 / month
30 years old $72 / month $21 / month
40 years old $79 / month $27 / month
50 years old $157 / month $63 / month
Pricing based on publicly-available rates as of March 2022. Terms and conditions may apply.

When you apply for life insurance, your insurance company completes an underwriting process to understand how likely you are to get an illness or die while holding your policy.

In other words, your insurer wants to know what the chances are that they’ll have to make a payout to your beneficiary.

Most insurance companies have you undergo some form of medical review so they can learn the nitty-gritty details about your health.

Typically, this medical review takes the form of a medical exam (also sometimes called the paramedical exam) where a nurse or technician comes to your home or office.

The life insurance medical exam is usually fairly short, often taking about 30 minutes or less, and involves measuring vitals (e.g., height, weight, and blood pressure) and collecting samples (of blood and maybe urine too).

Completing the medical exam is much easier than going to your average doctor’s appointment. There’s no sitting forever in a waiting room only to get a requisition form for bloodwork that needs to be done at a separate clinic.

Some insurers just have you do a 20-minute phone interview with a health care professional about your personal and family medical history.

It shouldn’t surprise you to learn that you don’t have to pay to complete the medical review process.

Recommended reading: Life insurance with pre-existing conditions: an applicant guide.

How does no medical life insurance work?

No medical life insurance (also known as simplified life insurance) works by letting applicants skip a medical exam, but they come at much greater cost when comparing quotes to traditional life insurance providers.

Although no medical life insurance might appeal to lots of people, it’s best for those who don’t qualify for a standard life insurance policy.

No medical life insurance is a good choice for Canadians who have:

  1. A chronic illness (e.g., heart disease, diabetes, or cancer)
  2. A family history of serious medical issues
  3. Substance use problems
  4. A dangerous hobby (e.g., scuba diving)
  5. A dangerous job (e.g., logging)

Yup, swimming with sharks regularly can be enough to exclude you from traditional coverage even if you’re perfectly healthy.

You may not qualify for much coverage, but if you can't qualify for traditional policies, payout can still be important for your family's future.

People use no medical life insurance to:

  • Cover funeral expenses, which can cost thousands of dollars
  • Leave a small legacy for your children or grandchildren
  • Cover any end-of-life medical expenses

Interesting fact: mortgage insurance policies usually don't require medical exams. Mortgage life insurance also costs more, and is less flexible than term insurance.

What can disqualify me from no medical life insurance?

What disqualifies you from getting no medical life insurance differs from company to company. It can be as simple as not being a permanent resident or Canadian citizen.

Before disqualifying you, most life insurance companies will first vet your application, which includes a medical review.

A medical review is just a questionnaire instead of an exam or interview. So you won’t automatically qualify for no medical life insurance if you apply for it.

You still need to fill out the questionnaire. And based on your responses, you can still get denied coverage from no medical life insurance providers.

Here's how the life insurance health questionnaire typically works:

  • It's usually organized into sections.
  • The farther you make it through these sections without answering “yes” to a question, the better your chances are of getting more coverage for a lower cost.
  • Answering “yes” to certain questions will just reduce the amount of coverage you’ll be eligible for or increase the amount you’ll have to pay in premiums.
  • With other questions, answering “yes” could mean that you’ll be out of luck for coverage.

For example, you could get disqualified for no medical coverage if you’ve had a recent health scare (e.g., heart attack or stroke), have an upcoming surgery, are living with complications due to an illness like HIV, or been recently charged with impaired driving.

Additional reading: Applying for life insurance when overweight

If you're interested in no medical life insurance, you may also want to consider critical illness insurance.

Laura McKay

COO & Co-Founder

About the Author

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