Guaranteed Issue Life Insurance — No Questions Asked
Guaranteed issue life insurance in Canada accepts every applicant regardless of health — no medical exam, no health questions, no blood tests. If you've been declined elsewhere or have serious health conditions, guaranteed issue provides a path to coverage.
50+
Providers
3 min
To compare
$450
Avg. annual savings
4.8★
Customer rating
How guaranteed issue life insurance works
Guaranteed issue policies ask no health questions whatsoever. You provide your name, date of birth, and payment information, and you're approved. Coverage is permanent (whole life), typically ranging from $5,000 to $50,000. Age eligibility is usually 40–80.
The trade-off is a graded death benefit. Most guaranteed issue policies have a two-year waiting period: if you die from natural causes within the first two years, your beneficiary receives a return of premiums paid plus interest (typically 10–15%) rather than the full death benefit. Accidental death is usually covered in full from day one.
Who should consider guaranteed issue?
Canadians who have been declined for traditional coverage due to serious health conditions — advanced heart disease, recent cancer, uncontrolled diabetes, kidney disease — are the primary candidates. It's also suitable for applicants over 65–70 who find traditional underwriting prohibitively expensive.
If you're under 60 with manageable health conditions, try simplified issue or traditional underwriting first through LowestRates.io. Guaranteed issue premiums are significantly higher than standard coverage, so it should be a last resort, not a first choice.
Top guaranteed issue providers in Canada
Canada Protection Plan is the leading guaranteed issue provider in Canada, offering up to $50,000 in coverage with no health questions. Their Guaranteed Acceptance Plan is available to Canadians aged 40–80 in all provinces.
Assumption Life offers guaranteed issue up to $25,000 with a two-year waiting period. Desjardins and Manulife also have simplified issue products with limited health questions that may provide higher coverage amounts at lower premiums. Compare all options through LowestRates.io.
How It Works
Answer a few questions
Basic info about yourself and your coverage needs. Under 3 minutes.
Compare quotes
See personalized rates from 50+ Canadian providers, side by side.
Choose & save
Pick the lowest rate and apply online or speak with a licensed advisor.
Frequently Asked Questions
What is guaranteed issue life insurance?
▾
A life insurance policy that accepts all applicants with no health questions, no medical exam, and no blood tests. Coverage is typically $5K–$50K with a two-year graded death benefit period.
How much does guaranteed issue life insurance cost?
▾
Significantly more than traditional coverage — typically 3–5× the cost per dollar of coverage. A 55-year-old might pay $80–$130/month for $25,000 in guaranteed issue coverage.
Is guaranteed issue worth it?
▾
If you've been declined elsewhere, yes. It ensures your family has funds for final expenses. If you can qualify for traditional or simplified issue coverage, those options provide better value.
What is the graded death benefit?
▾
A waiting period (usually two years) during which natural-cause death only returns premiums paid plus interest. After two years, the full death benefit applies. Accidental death is typically covered in full from day one.
Related Pages
Explore More
Compare life insurance quotes from 50+ Canadian providers.
Free quotes in under 3 minutes. No obligation. Lowest rates guaranteed.
Join 26,000+ Canadians who found the lowest rates for life insurance