Finding affordable life insurance shouldn’t feel like a doctor’s appointment. Yet for many Canadians, that’s exactly what happens… long forms, blood tests, and delays. That’s where no-medical life insurance comes in.
Quick Pick: PolicyMe — Fastest, Best-Value No-Medical (for Eligible Applicants)
Get term life insurance online in minutes. Many healthy Canadians qualify without a medical exam through accelerated underwriting, with instant decisions and coverage up to $5,000,000.
- Terms: 10–30 years • Ages 18–75
- Often no nurse visit required (based on answers)
- Couples save 10% in year one
- Simple online application; clear, competitive pricing
Note: “No-medical” at PolicyMe is via accelerated underwriting—most healthy applicants skip the exam, but some may be asked for additional information.
Whether you’ve been denied coverage before, have a pre-existing condition, or just want quick approval, this guide breaks down Canada’s top no-medical life insurance providers for 2025, comparing coverage, approval times, and costs so you can find the best fit fast.
Comparison of Popular Providers
| Company | Coverage Amount | Approval Time | Age Eligibility | Policy Type | Key Features |
| PolicyMe [Check Rates] | Up to $5,000,000 | Instant to a few days | 18-75 | Term | All Digital; Competitive rates, comprehensive coverage. |
| Canada Protection Plan | Up to $1,000,000 | Instant to a few days | 18-80 years | Term & Permanent | Wide range of plans, including guaranteed issue |
| Manulife CoverMe | Up to $1,000,000 | Instant | 18-75 years | Term & Permanent | Fast online approval, flexible term options |
| Sun Life Go Simplified | Up to $1,000,000 | A few days | 18-74 years | Term & Permanent | No medical exam, straightforward application |
| RBC Simplified Term Life | Up to $1 million | Instant to a few days | 18-70 years | Term | Higher coverage for term policies |
| iA Financial Group | Up to $500,000 | Instant to a few days | 6 months – 80 years | Term & Whole Life | High coverage, simple underwriting |
| BMO Guaranteed Life Plus | Up to $50,000 | Instant to a few days | 40-75 years | Permanent | Fast online approval |
| Desjardins Simplified Issue | Up to $20,000 | Instant to a few days | 50-75 years | Whole Life | Competitive rates |
| Assumption Life Golden Protection Term | Up to $250,000 | Instant to a few days | 18-70 years | Term (Convertible to Whole Life) | Flexible coverage options |
1. PolicyMe – Best Overall Life Insurance Provider
Coverage: Up to $5,000,000
Approval Time: Instant to a few days
Age Eligibility: 18-75
Policy Type: Term
Perks: first-year 10% couples discount and free $10k child coverage.
PolicyMe offers some of the most competitive life insurance rates in Canada making it ideal for customers looking for affordable coverage across Canada. The company does not require the traditional lengthy medical exams and extensive paperwork for applications and almost sends out instant decisions on all online applications. The application is 100% online, making it convenient and accessible
Policyholders can choose from $100,000 to $5 million in coverage, with terms ranging from 10 to 30 years. The company offers a 10% discount to couples on their first-year premiums. Customers can renew their term life insurance without needing to undergo any health exams.
Want to learn more? Read our full PolicyMe review for more info.
2. Canada Protection Plan – Highly-Rated Option for No Medical Life Insurance Coverage
Coverage: Up to $1,000,000
Approval Time: Instant to a few days
Age Eligibility: 18-80
Policy Type: Term & Permanent
Canada Protection Plan stands as one of the leading organizations that provides no medical life insurance coverage. No-medical required up to $500,000 and to age 70 on certain tiers; graded benefits on higher-risk tiers. The company stands among the leaders in the industry for its large coverage amounts. The insurance company offers two different policy types which provide no medical insurance enabling people with health issues to obtain coverage. The company provides complete insurance protection from the first day of coverage and gives customers more free benefits than other insurance providers. The company allows users to obtain affordable life insurance quotes through their Quick Quote tool without requiring medical examinations.
3. Manulife CoverMe – Best for Fast Online Approval
Coverage: Up to $1,000,000
Approval Time: Instant
Age Eligibility: 18-75
Policy Type: Term & Permanent
- CoverMe Easy Issue (no exam, 2 questions): $50,000 or $75,000, 10-year term, renewable to 85.
- CoverMe Term (100k–$1M) is not a no-medical product for everyone (underwriting may require evidence).
Manulife CoverMe allows you to apply for no medical life insurance online with immediate approval for eligible applicants. The term and permanent plans provided by the company deliver adaptable coverage solutions that suit people who need fast insurance protection. The company offers a selection of four no-medical life insurance plans which you can select based on budget and requirements. You are approved and eligible for the coverage as soon as you complete the online application and submit it.
If you are looking for a small business loan for your business in Canada. Check out our article on How to Qualify for a Small Business Loan in Canada in 2025.
4. Sun Life Go Simplified
Coverage: Up to $1,000,000
Approval Time: A few days
Age Eligibility: 18-74
Policy Type: Term & Permanent
The Go Simplified Life Insurance from Sun Life provides basic coverage without medical tests to people who are looking for comprehensive coverage. People seeking basic protection can benefit from this policy because its entire application runs online and leads to quick approval decisions.
5. RBC Simplified Term Life
Coverage: Up to $1 million
Approval Time: Instant
Age Eligibility: 18-70
Policy Type: Term
Sun Life Go offers three insurance options which include Guaranteed Life Insurance and Simplified Term Life Insurance and Term Life Insurance. The three plans under Sun Life Go have separate eligibility standards and coverage benefits. It is important to check each plan before reaching a decision on which one is the best for you.
For individuals looking for higher term life insurance coverage, RBC offers up to $1 million with a simple application process. There are no medical exams required, and approval is granted quickly for those who meet the eligibility criteria.
6. iA Financial Group No Medical Life Insurance – Relaxed Age Eligibility
Coverage: Up to $500,000
Approval Time: Instant to a few days
Age Eligibility: 6 months – 80 years
Policy Type: Term & Whole Life
iA Financial Group provides Access Life as a no medical insurance product designed to serve those who need fast life insurance coverage. The insurance coverage of Access Life extends to people under 18 years old. Their underwriting process is simple and approvals are typically granted quickly.
If you are a small business owner in Canada and are looking for small business insurance, read our guide on Top 20 Canadian Small Business Insurance Providers.
7. BMO Guaranteed Life Plus – Best for Seniors
Coverage: Up to $50,000
Approval Time: Instant to a few days
Age Eligibility: 40-75
Policy Type: Permanent
Older citizens can specifically benefit from BMO’s Guaranteed Life Plus because of its age eligibility criteria. The company provides guaranteed approval without any medical evaluations. Under this plan, seniors can obtain basic benefit coverage of up to $50,000 and receive up to $250,000 in the case of an accidental death. The plan accepts all applicants without medical examinations. This makes it a great option for older Canadians who are looking for final expense coverage or a small inheritance for loved ones.
8. Desjardins 50+ Life Insurance
Coverage: Up to $20,000
Approval Time: Instant to a few days
Age Eligibility: 50 to 75
Policy Type: Whole Life
People between 50 to 75 years old can obtain 50+ Life Insurance through Desjardins. There is no requirement for any medical tests making this insurance an excellent option for individuals who want no medical life insurance coverage. Through its tax-free payment feature life insurance over 50 enables people to provide inheritance funds for their loved ones. The application is quick and easy and takes only minutes over the phone.
9. Assumption Life Golden Protection Term
Coverage: Up to $250,000
Approval Time: Instant to a few days
Age Eligibility: 18-70
Policy Type: Term (Convertible to Whole Life)
Assumption Life’s Golden Protection Term is a good option for individuals looking for no medical life insurance. The plan provides an option to convert the term life insurance to permanent whole life coverage later.
Final Thoughts
No medical life insurance is great for you if you are looking for an easy option for gaining access to life insurance. You can easily obtain necessary financial security through this insurance which requires neither medical tests nor lengthy application processes. PolicyMe along with Canada Protection Plan and Manulife offer high coverage amounts suitable for individuals who need extensive financial protection. BMO and Sun Life offer basic insurance policies that target seniors together with budget-conscious individuals who need limited coverage protection.
Before making a decision, it is best to review several insurance providers to evaluate their policy elements together with coverage amounts and pricing. Insurance brokers will assist you in finding customized insurance quotes to help you obtain the best policy that matches your particular requirements.
If you are looking for specialized insurance providers in your province. Check out our article on Top 10 Life Insurance Providers in Alberta, Top 8 Life Insurance Providers in Ontario and Top 10 Life Insurance Providers in British Columbia.
No-Medical Life Insurance in Canada: FAQ
What is no-medical life insurance?
In Canada, it means you can get life insurance without a medical exam. There are two main types: simplified issue (a short health questionnaire, no exam) and guaranteed issue (no exam and no health questions, usually lower coverage and a graded benefit). A third path, accelerated underwriting, approves many healthy applicants without an exam based on their answers.
Is PolicyMe truly no-medical?
PolicyMe uses accelerated underwriting. Many eligible applicants are approved without a medical exam based on their answers; some may still be asked for additional evidence. It’s different from guaranteed-issue policies that ask no health questions.
How fast can I get approved?
Often instantly online. If more information is needed (for example, a quick phone follow-up), final approval can take a few days.
How much coverage can I get without an exam?
With accelerated underwriting, healthy applicants may qualify for coverage up to $5,000,000. Guaranteed-issue policies typically cap much lower (often $5,000–$50,000).
Is no-medical life insurance more expensive?
Generally yes for simplified and guaranteed-issue compared to fully underwritten policies. Accelerated underwriting can keep rates competitive for healthy applicants because many are approved without an exam.
Which should I choose: simplified, guaranteed, or accelerated?
Accelerated suits healthy applicants wanting higher coverage fast; simplified fits people with moderate health issues seeking mid-range coverage without an exam; guaranteed is best for those who value approval certainty despite higher cost and lower limits.
Do seniors ages 60–75 qualify?
Yes, but coverage amounts and pricing vary by insurer. Many providers accept applicants into their 70s, and guaranteed or simplified options are common for seniors.
Is there a waiting period?
Guaranteed-issue plans often include a two-year graded benefit for non-accidental death. Simplified and accelerated plans typically pay the full benefit once the policy is in force. Always review your contract.
Can smokers, people with diabetes, or high BMI qualify?
Yes, though premiums will be higher. Simplified and guaranteed options can work for more complex health profiles. With accelerated underwriting, approval depends on your answers and overall risk profile.
What term length should I choose?
Match your largest financial obligations: years left on your mortgage, years until children are independent, or time to retirement. Common choices are 10, 20, 25, and 30-year terms.
Can I apply online and name beneficiaries right away?
Yes. Most providers let you complete the application online, choose coverage and term, and designate beneficiaries during the process.
Can I change or cancel later?
You can usually request changes (such as reducing coverage) or cancel your policy at any time. Some providers allow conversion or riders—check your policy details.
Saqib has a Masters Degree from Wilfrid Laurier University in Ottawa. He has a robust background in accounting and finance. Mohammed started his career three years ago working as an investment analyst at a sell-side firm. He has extensively covered publicly-listed companies using fundamental analysis as the cornerstone of his approach. Mohammed has been published on SeekingAlpha, InvesorPlace, Yahoo! Finance and others.
