No Medical Exam Life Insurance in Canada — Fast Approval
No medical exam life insurance lets you get covered in as little as 24 hours without needles, blood tests, or doctor visits. Simplified issue and guaranteed issue policies are available from major Canadian insurers with coverage up to $1,000,000.
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Simplified issue vs. guaranteed issue
Simplified issue policies ask 5–15 health questions but require no physical exam. Coverage ranges from $25,000–$1,000,000. If your health answers pass the insurer's criteria, you're approved — often within 24–48 hours. Premiums are 15–30% higher than fully underwritten policies.
Guaranteed issue policies have zero health questions and zero medical requirements. Anyone aged 50–80 is automatically approved. Coverage is limited to $5,000–$25,000 and premiums are the highest per dollar of coverage. There's typically a 2-year waiting period before the full death benefit applies.
Who should consider no-exam life insurance?
No-exam policies are ideal for people who need coverage quickly (closing on a Toronto home, starting a new job), applicants with health conditions that might complicate traditional underwriting, newcomers to Canada without a local medical history, and anyone who prefers convenience and privacy.
If you're healthy and under 45, a traditional underwritten policy will almost always be cheaper. But for speed and simplicity, no-exam policies can't be beat.
No-exam coverage amounts and rates
Below are approximate monthly premiums for simplified issue (no exam) coverage at $250,000 for a non-smoker in average health.
| Profile | Est. Monthly Rate |
|---|---|
| Age 30 | $25–$40/mo |
| Age 35 | $30–$50/mo |
| Age 40 | $42–$68/mo |
| Age 45 | $58–$95/mo |
| Age 50 | $80–$130/mo |
| Age 55 | $110–$175/mo |
Estimates for a healthy non-smoker. Your rate may vary. Get your personalized quote.
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Frequently Asked Questions
How much does no medical exam life insurance cost?
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Simplified issue (no exam) policies cost 15–30% more than fully underwritten policies. A 35-year-old non-smoker can get $250,000 in simplified issue coverage for approximately $30–$50/month, compared to $20–$35 for a standard policy.
How fast can I get approved for no-exam life insurance?
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Simplified issue policies can be approved within 24–48 hours. Guaranteed issue policies offer instant approval with no waiting period for acceptance, though the full death benefit may have a 2-year graded period.
What's the maximum coverage without a medical exam?
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Up to $1,000,000 with some simplified issue providers for applicants under 45. Most insurers cap no-exam coverage at $500,000. Guaranteed issue policies max out at $25,000.
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