Life insurance is a crucial financial safety net that ensures your loved ones are taken care of in the event of your passing. Despite its importance, around 44% of Canadians don’t have life insurance. Several people consider life insurance expenses to be excessive while others avoid the hassle of medical examinations required to qualify for coverage. Traditional life insurance forces policyholders to go through tedious documentation processes that require medical exams that occasionally result in delayed approvals because of poor health status. No medical life insurance serves as the solution in such cases.
Those looking for easy life insurance options should consider no medical life insurance for their needs. This article presents a review of the nine top no medical life insurance providers operating in Canada for 2025. We present a comparison between major providers that will assist you with selecting the best insurance solution according to your requirements.
| Company | Coverage Amount | Approval Time | Age Eligibility | Policy Type | Key Features |
| PolicyMe | Up to $5,000,000 | Instant to a few days | 18-75 | Term | Competitive rates, comprehensive coverage. |
| Canada Protection Plan | Up to $750,000 | 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
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.
To get a quote on your coverage needs, visit the online portal and get a quote instantly. Read our full PolicyMe review for more info.
2. Canada Protection Plan – Highly-Rated Option for No Medical Life Insurance Coverage
Coverage: Up to $750,000
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. 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
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.
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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.
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.
