Skip to main content Skip to footer

No Medical Life Insurance

No Medical Life Insurance

We offer almost 50 no medical life insurance policies from over 15 Canadian life insurance companies. This may sound complex but don’t worry, after learning about your needs for no medical life insurance we will do all of the work for you and provide you with your available options.

The market for no medical life insurance in Canada has changed drastically over the last few years. It has become extremely competitive with different life insurance companies trying to offer the best products, pricing and options. As a result, you the customer is benefiting because you are able to get higher quality policies at lower prices without having to complete a medical exam.

You will find below more detailed information on how no medical life insurance works, the benefits, the drawbacks, product types available and more. At anytime you can feel free to contact us for additional information or quotes. We always recommend that you speak with one of our experienced brokers to discuss the differences in policies.

Please Note – No medical exam does not mean no medical questions! Most no medical exam policies do have qualifying medical questions. Policies, features and companies are not all the same.


Understanding No Medical Life Insurance

No Medical Life Insurance is becoming a very popular life insurance product in Canada. Why? Mainly because of how quick and easy it is to get coverage in place because the application process is a breeze and the wide range of products now available to choose from. The cost of no medical life insurance is becoming much more affordable and coming very close to the cost of policies which require a medical. It is also a very popular product for those who have past or current medical conditions which disqualify them from getting approved from a traditional life insurance policy which is fully underwritten (complete health questionnaire, medical examination, etc.).

Most traditional life insurance policies offered by the majority of life insurance companies in Canada require the person applying to complete an in-depth health questionnaire, medical examination (which includes getting poked by a nurse for blood and urine sample), possibly have your doctor fill out a doctors report and more to get approved for a policy. If you go through this process, you will get the highest quality life insurance policy at the most affordable rate. This is why many Canadians choose to go this route.

Over the past years, no medical life insurance is becoming much more common especially since the existence of COVID-19 in early 2020 because many applicants do not want to be exposed to a nurse visiting their home and the fact that medical examinations were postponed for months (as a result of the COVID-19 virus). As a result, life insurance companies in Canada have made many changes to their application requirements and have made it easier for Canadians to get approved for life insurance without having to complete a medical examination.

To help you understand the ins and outs of no medical life insurance to help you determine if it is a product you should be considering, we have put together a mass amount of information below which you should definitely take some time to read through. If you feel like saving some time, please do not hesitate to reach out to us to speak with one of our awesome agents.

Click here to get a free quote for no medical life insurance.

What is No Medical Life Insurance?

No medical life insurance is a type of life insurance that Canadians are able to purchase without having to complete a medical exam. A medical exam involves a nurse coming to your home to complete an in-depth health questionnaire, check your height and weight, blood pressure and take a blood and urine sample. Some find this process tedious and very personal so it can be avoided with no medical life insurance.

Due to the life insurance company not requiring a medical examination, the cost for a no medical life insurance policy is typically higher than regular life insurance policies. Why? Mainly because the life insurance companies do not have as much information to understand and evaluate your health which poses a higher risk to the insurance company. In general most people who are healthy apply for fully underwritten life insurance policies which include a in-depth health questionnaire and medical examination. You can get access to lower rates and better policy options by applying for a fully underwritten life insurance policy which requires with a medical examination and health questionnaire to be completed.

Click here to get a free quote for no medical life insurance.

Who Buys No Medical Life Insurance?

The offerings of no medical life insurance from life insurance companies in Canada is continuously changing and becoming a very competitive market. As a result, you the customer are getting access to better policy types and rates for no medical life insurance. These continuous changes have also made changes to those who are purchasing no medical life insurance.

Many years ago no medical life insurance was only available to those who were very hard to insure because of health issues. Many policies would have a two year “waiting period” where the life insurance company would not pay out in the event of death. The full coverage amount would be payable after the first two years of the policy. These types of policies do still exist but over the years this has changed and it is now possible to get coverage from day one of when the policy starts and up to $500,000 of coverage. 

  • People who are in good health who just do not want to complete a medical exam.
  • People who are willing to pay a slightly higher premium (cost of the policy) to have a policy that is issued quick with no headaches and/or underwriting delays.
  • People who have health problems who are harder to insure. Examples are heart issues in recent or past years, past diagnosis of cancer, diabetes, obesity, etc.
  • People who have applied for a policy that required a medical examination and were declined because of their health or received a rating (increase in cost due to being higher risk to the insurance company).
  • People who do not want a nurse poking them with a needle or completing a medical examination.
  • People who participate in hazardous sports, activities or have a dangerous occupation (e.g. skydiving, pilots, motorcycle racing, car racing, deep sea scuba-diving, etc.)

At the end of the day, there are a multitude of available options for life insurance. We recommend that you speak with one of our licensed agents to determine which route is best for you and your family.

Click here to get a free quote for no medical life insurance.

What Policy Types Are Available?

There are two main types of life insurance available in Canada which are term life insurance and permanent life insurance. These two types of policies are both available to purchase with no medical examination. Within the two types (term and permanent) there are different policy types/options available. The four main no medical life insurance policy types are listed below with additional information.

Guaranteed Issue Policies
These policies require no medical examination and essentially no medical questions. Your cheque and a signature gets you coverage. These policies have reduced benefits and increased premiums (cost) compared to other products which are available. Guaranteed issue life insurance is appropriate for those who are unable to qualify for simplified issue products. 

The maximum amount of coverage that you can get with a guaranteed issue life insurance policy is $50,000. From our experience, most people who purchase guaranteed issue life insurance buy between $10,000 and $50,000 of permanent life insurance to cover final expenses (funeral costs, taxes at death, unexpected bills, etc.). 

Simplified Issue Policies
This type of policy would be the most popular and sought after no medical life insurance policy. These policies require no medical examination and a limited number of broad medical questions. Typically you must be answer all of the questions “no” in order to qualify. These policies have higher premiums than a fully underwritten policy (a policy that requires a medical examination) and may have reduced benefits.

The ease of application and broad medical questions make them appropriate for those who may have had medical conditions that prevent them from getting a fully underwritten policy, or for those who simply are looking for an easy application process. 

The maximum amount of coverage that you can get with a simplified issue life insurance policy is $500,000. From our experience, most people who purchase simplified issue life insurance buy anywhere from $50,000 and $500,000 of term life insurance to cover things such as family protection and debt (mortgage, line of credit, student debt, etc.). 

Deferred Issue Policies
This type of policy would fall between Simplified Issue and Guaranteed Issue. These policies require no medical examination and a very limited number of broad medical questions. These policies have premiums that fall between Simplified Issue and Guaranteed Issue and are designed for those with more severe current or past medical issues. 

The maximum amount of coverage that you can get with a deferred issue life insurance policy is $350,000. From our experience, most people who purchase deferred issue life insurance buy anywhere from $50,000 to $350,000 of term life insurance to cover things such as family protection and debt (mortgage, line of credit, student debt, etc.). We also see people purchase permanent life insurance policies with coverage amounts between $10,000 and $50,000 to cover final expenses (funeral costs, taxes at death, unexpected bills, etc.). 

Fully Underwritten Policies
With the no medical life insurance market becoming very competitive, many life insurance companies are increasing the amount of life insurance you can get approved for without having to do a medical exam and get a fully underwritten policy. You can actually get life insurance coverage up to $1,000,000 with some life insurance providers without having to complete a medical at fully underwritten prices (the best possible price available for life insurance in Canada). To be able to qualify you need to be under the age of 50 and in very good health. The insurance company will contact you after the application has been submitted to complete a health questionnaire. Depending on how the questionnaire is completed you may possibly get approved without having to complete a medical examination.

Again, we cannot emphasize enough how important it is to discuss your situation and needs with one of our experienced licensed life insurance brokers. We will ensure that you fully understand your options and provide pricing options from the top companies in Canada to ensure that you are purchasing the right product from the right company.

Click here to get a free quote for no medical life insurance.

How Much Coverage is Available?

Guaranteed Issue No Medical Life Insurance – Maximum of $50,000

Deferred Life No Medical Life Insurance – Maximum of $350,000

Simplified Issue No Medical Life Insurance – Maximum of $500,000

Fully Underwritten Life Insurance (Medical Required) – No Maximum

Click here to get a free quote for no medical life insurance.

Benefits of No Medical Life Insurance

  • Policies get issued quickly with no medical examination required.
  • You do not have to complete a medical examination which means no blood or urine samples, no needles, no visit from a nurse and no doctors report.
  • Wide variety of policy types and coverages to choose from.
  • Term and permanent life insurance policies are both available.
  • The marketplace is very competitive which has made rates very affordable compared to years prior.
  • Most life insurance companies offer a conversion option within the policy.
  • Most life insurance companies offer a renewal option within the policy.

    Click here to get a free quote for no medical life insurance.

Drawbacks of No Medical Life Insurance

  • Premiums are higher compared to fully underwritten life insurance policies (policies which require a medical examination and in-depth health questionnaire). If you are healthy, you should first consider a traditional life insurance policy which is fully underwritten to get the lowest rates possible.
  • Many guaranteed issue, simplified issue and deferred life insurance policies come with limitations (see above). These limitations are typically a 2 year waiting period for a full payout of the death benefit amount. This means that if you pass away in the first two years, your beneficiary is refunded the premiums that you paid plus interest.
  • Flexibility and policy options are limited compared to a fully underwritten life insurance policy.
  • Joint policies are not available for no medical life insurance policies.
  • If you require a high amount of coverage you may not be able to get the amount of coverage you require from a no medical life insurance plan. Most companies offer a maximum amount of $500,000 (which is still better than not having any coverage at all).

    Click here to get a free quote for no medical life insurance.

What Factors Affect Pricing of No Medical Life Insurance

There are different factors which can affect the pricing of no medical life insurance. First, the type of no medical life insurance policy that you qualify for will have a large impact on the pricing. The main types of no medical life insurance policies are guaranteed issue, simplified issue and deferred issue.

Guaranteed issue policies have the highest premium and the lowest amount of benefits. They are designed for those who are very high risk for health reasons. Deferred issue costs less than guaranteed issue and provides more benefits. Simplified issue is the highest quality no medical life insurance policy available and also provides the lowest premium.

Since there is no medical examination required, you must complete a health questionnaire to determine the type of policy that you are eligible for. Once you have determined which policy type you are eligible for, the following factors will play a role in determining the cost of the policy.

  • The life insurance company (every company has different products and rates).
  • Gender (male or female)
  • Smoking status (have you used tobacco / nicotine products in the last 12 months)
  • Coverage amount (the higher the coverage amount, the higher the cost of the policy will be)

    It is highly recommended that you speak with one of our experienced advisors to help determine what type of policy is best for you.

    Click here to get a free quote for no medical life insurance.

What Companies Offer No Medical Life Insurance?

There is a wide range of life insurance companies in Canada who offer no medical life insurance. All of the companies who offer no medical life insurance have different products and pricing. We recommend that you discuss your situation with one of our life insurance brokers to understand the differences between the different companies. We have compiled a list of some of the top no medical life insurance companies in Canada below who we can quote for you.

  • Manulife
    – CoverMe Life
  • BMO Life
    – EasyOne Life
  • Equitable Life
    – Final Protection
  • RBC Life
    – Guaranteed Acceptance Life
  • Family Compass
    – Family Compass Level
    – Family Compass Graded
  • CAA
    – Guaranteed Acceptance Life
  • Canada Protection Plan
    – Deferred Life
    – Simplified Life
    – Simplified Plus Life
    – Deferred Life 20 Pay
    – Simplified Life 20 Pay
    – Simplified Plus Life 20 Pay
    – Acceptance Life
    – Deferred 10 Year Term
    – Simplified 10 Year Term
    – Simplified Plus 10 Year Term
    – Deferred 20 Year Term
    – Simplified 20 Year Term
    – Simplified Plus 20 Year Term
    – Deferred Term to 100
    – Simplified Term to 100
    – Simplified Plus Term to 100
  • Industrial Alliance
    – Access Life Guaranteed Access – Whole Life
    – Access Life Deferred – Whole Life
    – Access Life Deferred Plus – Whole Life
    – Access Life Deferred Plus – 15 Year Term Life
    – Access Life Deferred Plus – 20 Year Term Life
    – Access Life Deferred Plus – 25 Year Term Life
    – Access Life Immediate Plus – Whole Life
    – Access Life Immediate Plus – 15 Year Term Life
    – Access Life Immediate Plus – 20 Year Term Life
    – Access Life Immediate Plus – 25 Year Term Life
  • Assumption Life
    – Golden Protection Deferred
    – Golden Protection
    – Golden Protection Plus
    – Total Protection
  • Edge Benefits
    – Final Expense Coverage
  • Foresters
    – Guaranteed Issue Whole Life
  • Wawanesa Life
    – Instant Issue Life Insurance
  • Gerber Life
    – Burial Expense Plan
  • Desjardins
    – 50+ Life Insurance
  • PlanDirect
    – Guaranteed Issue Life Insurance
  • Hunter McCorquodale
    – SecureLife
  • La Capitale
    – Affirmative
    – Simplified Advantage
  • Order of United Commercial Travellers (UCT)
    – Final Expense Whole Life
    – 10 Year Term
    – 15 Year Term
    – 20 Year Term
    – 30 Year Term
  • Specialty Life

Get a free quote

We do all of the work for you!