Finding the right life insurance for you can be challenging, especially when you have underlying health conditions, engage in extreme sports, or simply prefer not to undergo medical underwriting. Your options may seem limited, but fortunately, there’s no need to miss out on life insurance coverage.

There are companies out there that serve folks like you, and Canada Protection Plan is one of them.  Canada Protection Plan is a viable option for coverage if you’ve been rated with sky-high premiums or have been declined coverage outright. 

Here is an in-depth look at the features and pricing of Canada Protection Plan’s life insurance policies. 

Our rating: 3/5

The bottom line on Canada Protection Plan life insurance

If you don’t get approved by your ideal insurer, Canada Protection Plan functions as a backup option. 

Their simplified, no-medical life insurance policies are great for those with medical issues, elderly customers, and anyone else who’ve been unable to get life insurance in the past. The coverage they provide isn’t expansive, but the basic level of protection is worthwhile for scenarios where it would otherwise be unavailable. 

If you are young and healthy, however, don’t start with Canada Protection Plan. Go for fully underwritten policies, which offer greater coverage for a lower price. 

Facts about Canada Protection Plan life insurance

Canada Protection Plan is a privately-owned Canadian insurance intermediary that provides simplified, no-medical life insurance and other related products. It was founded in 1992 in Toronto. In 2019, they expanded into Quebec as Plan de Protection du Canada.

Their insurance offerings can be purchased from more than 25,000 independent insurance advisors across the country or through licensed insurance advisors through their call centre. 

Canada Protection Plan is best known for providing life insurance relatively easily and quickly, without requiring medical exams. 

Compare to other life insurance providers in Canada.

Who does Canada Protection Plan make sense for?

Canada Protection Plan’s life insurance products may appeal to those getting life insurance later in life or anyone with pre-existing medical conditions, a family history with health issues, past or present experience with addiction, or involvement in high-risk sports or hobbies (read: skydiving!). It is also an option for those who do not want to undergo medical underwriting.

However, because applicants are not required to undergo medical underwriting, Canada Protection Plan’s life insurance policies are also more expensive, at almost twice the price for 10, 20, or 30-year terms. 

Canada Protection Plan rates

For applicants with health risks, the average price is:

  • $53.55/month for a 35-year-old male 
  • $41.40/month for a 35-year-old female

Once you submit your application, it’s sent to an underwriter to review your information and to calculate the true cost of insuring you. They will review your health, financial wellness and lifestyle data, and set a final price for your policy.

If you are in relatively good health and don’t live a high-risk lifestyle, start with getting a quote from other life insurance providers first, such as PolicyMe.

You can use our life insurance quote calculator to see your monthly rate in seconds.

What type of life insurance coverage does Canada Protection Plan offer?

Canada Protection Plan offers a large range of no-medical term and permanent life insurance products.

Permanent Life Insurance

1) Guaranteed Acceptance Life (no medical)


This is Canada Protection Plan's only guaranteed-issue life insurance product. Anyone who applies will be approved; there are absolutely no health exams or medical questions required to begin coverage.

Who it’s for: People who won’t qualify for any other life insurance, such as those with serious health conditions, who engage in dangerous hobbies and who have high-risk occupations, or who have a history of drug addiction.

Coverage amount: Up to $50,000

Cash value: This policy accumulates a cash value starting in the fifth policy year; if you choose to cancel your policy, any cash value will be paid to the policy owner.

Benefits: 

  • Final expense coverage, including funeral costs, medical bills and outstanding debt
  • Terminal illness benefit which pays up to 75% of the death benefit, to a maximum of $250,000 to the policy owner, upon diagnosis of a terminal illness
  • Transportation benefit to assist with the cost of transportation if the insured passes away more than 200km from their principal residence
  • Optional accidental death benefit for an additional premium (up to 5x the basic life insurance death benefit; eligibility depending on age)

What else should I know about this policy? 

There is a two-year waiting period. The death benefit is limited to a refund on all premiums paid if death occurs by non-accidental means within the first two years of the policy. If the death occurs after two years, the full coverage amount will be paid.

Learn more about permanent life insurance.

2) Deferred Life (no medical)

Who it’s for: People with serious health conditions who were previously refused life insurance.

Coverage amount: Up to $75,000 for applicants age 18-60 or up to $50,000 for age 61-80

Cash value: This policy accumulates a cash value starting in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policy owner.

Benefits: 

  • Terminal illness benefit
  • Transportation benefit 
  • Optional accidental death benefit

What else should I know about this policy? 

There is a two-year waiting period. The death benefit is limited to a refund on all premiums paid plus 3% simple interest if death occurs by non-accidental means. If the death occurs after two years, the full coverage amount will be paid.

Why would someone want a deferred policy? 
The deferral essentially brings down the cost of insurance. If you know you’ll be okay for a couple more years given your health, deferred life insurance policies are a cheaper option for a small death benefit should anything happen after the two-year waiting period. Otherwise, your family gets a refund on all premiums paid.

3) Deferred Elite Life (no medical)

Who it’s for: People with less serious health conditions who were previously refused life insurance.

Coverage amount: Up to $350,000 for applicants age 18-60

Cash value: This policy accumulates a cash value starting in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policy owner.

Coverage amount for T100 version (no cash value): Up to $350,000 for applicants age 18-80

Benefits: 

  • Terminal illness benefit 
  • Transportation benefit 
  • Optional accidental death benefit
  • Optional child term benefit (which issues each eligible child for $5,000, $10,000 or $15,000 each)
  • Option term insurance rider (provides low cost option to increase coverage for a temporary period of time, such as 10, 20, or 25 years. The 25-year term rider can decrease over time to cover a declining mortgage balance)

What else should I know about this policy? 

There is a two-year waiting period. The death benefit is limited to a refund on all premiums paid plus 3% simple interest if death occurs by non-accidental means in the first year of the policy. If death occurs by non-accidental means in the second year of the policy, the death benefit is limited to 50% of the coverage. 

4) Simplified Elite Life (no medical)

Canada Protection Plan’s Simplified Elite Life permanent insurance provides immediate coverage with no waiting period. 

Who it’s for: People with relatively good health who engage in extreme sports and who want to get lifetime coverage in a short amount of time.

Coverage amount: Up to $500,000 for applicants age 18-60 or up to $350,000 for applicants age 61-80

Cash value: This policy accumulates a cash value starting in the fifth policy year; if you choose to cancel your policy, any cash value will be paid to the policy owner.

Coverage amount for T100 version (no cash value): Up to $500,000 for applicants age 18-60 or up to $350,000 for applicants age 61-80

Benefits: 

  • Terminal illness benefit
  • Transportation benefit
  • Optional accidental death benefit
  • Option term insurance rider of 10, 20, or 25 years; the 25-year term rider can decrease over time to cover a declining mortgage balance
  • Optional child term benefit 
  • Optional hospital cash benefit (pays a chosen daily benefit upon hospitalization of the insured)

5) Preferred Life 

Who it’s for: People with good health who want to get lifetime coverage under a short amount of time.

Coverage amount: Up to $1,000,000 for applicants age 18-80

Cash value: This policy accumulates a cash value starting in the fifth policy year; if you choose to cancel your policy, any cash value will be paid to the policy owner.

Coverage amount for T100 version (no cash value): Up to $1,000,000 for applicants age 18-80

Benefits: 

  • Terminal illness benefit
  • Transportation benefit 
  • Optional accidental death benefit 
  • Option term insurance rider of 10, 20, or 25 years; the 25-year term rider can decrease over time to cover a declining mortgage balance
  • Optional child term benefit
  • Optional hospital cash benefit

What else should I know about this policy? 

Canada Protection Plan’s Preferred Life Policy does not require medical exams only if you’re age 70 or under, for coverage of up to $500,000.

6) Preferred Elite Life

Canada Protection Plans dubs this their “best rate” product for permanent plans. It is fully underwritten.

Who it’s for: People with good health who want to get lifetime coverage in a short amount of time. 

Coverage amount: Up to $1,000,000 for applicants age 18-80

Cash value: This policy accumulates a cash value starting in the fifth policy year. If you choose to cancel your policy, any cash value will be paid to the policy owner.

Coverage amount for T100 version (no cash value): Up to $1,000,000 for applicants age 18-80

Benefits: 

  • Terminal illness benefit
  • Transportation benefit 
  • Optional accidental death benefit 
  • Option term insurance rider 10, 20, or 25 years; the 25-year term rider can decrease over time to cover a declining mortgage balance
  • Optional child term benefit
  • Optional hospital cash benefit

What else should I know about this policy? 

Unlike other Canada Protection Plan permanent life insurance policies above, the Preferred Elite Life policy is fully underwritten—albeit through what Canada Protection Plan describes as a “relatively simple” underwriting process. In spite of this, this plan also provides immediate coverage with no waiting period. 

Term life insurance

1) Deferred Elite Term Life (no medical)

Who it’s for: People with serious health conditions who were previously refused life insurance.

Coverage amount: 

  • 10-year term: Up to $350,000 for applicants age 18-70, renewable up to age 80, convertible to age 70, transportation benefit included
  • 20-year term: Up to $350,000 for applicants age 18-60, renewable up to age 80, convertible to age 70, transportation benefit included
  • 25-year term: Up to $350,000 for applicants age 18-55, renewable up to age 80, convertible to age 70, transportation benefit included
  • 25-decreasing year term (coverage amount decreases over 25 years to 50% of the initial face amount, not renewable or convertible): Up to $350,000 for applicants age 18-60

Benefits: 

  • Optional accidental death benefit 
  • Optional child term benefit

What else should I know about this policy? 

  • There is a two-year waiting period with the following death benefits if death occurs by non-accidental means:
  • During first year of policy: refund on premiums paid plus 3% simple interest
  • During second year of policy: 50% of the coverage 
  • If the death occurs after two years or is accidental: full coverage amount will be paid
  • The Deferred Elite 25-year term plan is available in level term and decreasing term options.
  • Decreasing term coverage reduces over a 25-year term period to cover a 25-year mortgage. This is not renewable.
  • Deferred Elite 10, 20, and level 25-year term policies are renewable up to age 80 without requiring evidence of insurability. 
  • All level term plans are convertible to Deferred Elite permanent plans (coverage of up to $350,000) without requiring medical exams up to age 70.

Learn more about term life insurance coverage.

2) Simplified Elite Term Life (no medical)

Who it’s for: People with relatively good health; who engage in dangerous hobbies such as extreme sports; some of those previously declined life insurance may also qualify; who want to get life insurance coverage in a short time.

Coverage amount: 

  • 10-year term: Up to $500,000 for applicants age 18-60, up to $350,000 fo applicants age 61-70, renewable up to age 80, convertible to age 70
  • 20-year term: Up to $500,000 for applicants age 18-60, renewable up to age 80, convertible to age 70
  • 25-year term: Up to $500,000 for applicants age 18-55, renewable up to age 80, convertible to age 70
  • 25-decreasing year term (coverage amount decreases over 25 years to 50% of the initial face amount; not renewable or convertible): Up to $500,000 for applicants age 18-60

Optional benefits: 

  • Accidental death benefit 
  • Child term benefit
  • Hospital cash benefit

What else should I know about this policy? 

  • Immediate coverage is provided with no waiting period.
  • The Simplified Elite 25-year term plan is available in level term and decreasing term options.
  • Decreasing term coverage reduces over 25-year term period to cover a 25-year mortgage. This is not renewable.
  • Simplified Elite 10, 20, and level 25-year term policies are renewable up to age 80 without requiring evidence of insurability. 
  • All level term plans are convertible to the Simplified Elite permanent life insurance plan up to age 70.

3) Preferred Term Life

Who it’s for: People with relatively good health who want to get life insurance coverage under a short time.

Coverage amount: 

  • 10-year term: Up to $1,000,000 for applicants age 18-70, renewable up to age 80, convertible to age 70
  • 20-year term: Up to $1,000,000 for applicants age 18-60, renewable up to age 80, convertible to age 70
  • 25-year term: Up to $1,000,000 for applicants age 18-55, renewable up to age 80, convertible to age 70
  • 25-decreasing year term (coverage amount decreases over 25 years to 50% of the initial face amount; not renewable or convertible): Up to $1,000,000 for applicants age 18-60

Optional benefits: 

  • Accidental death benefit 
  • Child term benefit
  • Hospital cash benefit

What else should I know about this policy? 

  • No medical exams required if you’re age 70 or under, for coverage up to $500,000.
  • Immediate coverage is provided with no waiting period.
  • The Preferred Term plan is available both in level term and decreasing term options. 
  • Deceasing term coverage reduces over the 25-year term period, to cover a 25-year mortgage. This is not renewable.
  • Preferred 10, 20, and level 25-year term policies are renewable up to age 80, without requiring evidence of insurability. 
  • All level term plans are convertible to the Simplified Elite permanent life insurance plan up to age 70.

4) Express Elite Term Life (no medical)

Those who qualify for Canada Protection Plan’s Express Elite term life are pre-approved for their Critical Illness Insurance as well.

Who it’s for: People with good health; who want to get life insurance coverage with no medical exams in under a day.

Coverage amount: 

  • 20-year term: Up to $750,000 for applicants age 18-50, up to $500,000 for applicants age 51-60, renewable up to age 80, convertible to age 70
  • 30-year term: Up to $750,000 for applicants age 18-50, renewable up to age 80, convertible to age 70

Optional benefits: 

  • Accidental death benefit 
  • Child term benefit
  • Hospital cash benefit
  • Critical illness rider (offers a maximum lifetime benefit payout of $100,000 per life)

What else should I know about this policy? 

  • Renewable for an additional 20-year period up to age 80 without requiring evidence of insurability. 
  • Both 20 and 30-year Express Elite term plans are convertible up to age 70.

5) Preferred Elite Term Life

Who it’s for: People with good health; who want to get life insurance coverage in under a short period of time. This policy is fully underwritten.

Coverage amount: 

  • 10-year term: Up to $1,000,000 for applicants age 18-70, renewable up to age 80, convertible to age 70
  • 20-year term: Up to $1,000,000 for applicants age 18-60, renewable up to age 80, convertible to age 70
  • 25-year term: Up to $1,000,000 for applicants age 18-55, renewable up to age 80, convertible to age 70
  • 25-decreasing year term (coverage amount decreases over 25 years to 50% of the initial face amount; not renewable or convertible): Up to $1,000,000 for applicants age 18-60

Optional benefits: 

  • Accidental death benefit 
  • Child term benefit
  • Hospital cash benefit

What else should I know about this policy? 

  • This policy is fully underwritten. 
  • The Preferred Elite 25-year term plan is available both in level term and decreasing term options.
  • Deceasing term coverage reduces over the 25-year term period, to cover a 25-year mortgage. This is not renewable.
  • Preferred Elite 10, 20, and level 25-year term policies are renewable up to age 80, without requiring evidence of insurability.
  • All level term plans are convertible to the Preferred Elite permanent life insurance plans up to age 70.
Infographic: "Canadians are being sold the wrong type of life insurance" for review of Canada Protection Plan Life Insurancev

Pros and cons of Canada Protection Plan life insurance

Because Canada Protection Plan doesn’t require medical underwriting, their life insurance products sound ideal, especially if you have a serious health condition.

But is it the right insurance company for you? 

Pros: 

  • All individuals, with or without health conditions, can qualify 
  • No medical exams required
  • Quick and easy online application process
  • Fast processing times; some receive approval in as little as 48 hours
  • Available to temporary residents (international students, temporary work permit holder)
  • Prices are affordable compared to those offered by other insurance providers for people with health issues
  • All plans can be converted to permanent coverage until age 70

Cons: 

  • Without medical underwriting, its life insurance products can be more expensive, especially for applicants with generally good health 
  • Coverage amounts are limited to $1 million
  • Coverage is offered up until age 80, compared to age 85 for other companies

How do you apply with Canada Protection Plan?

While a Canada Protection Plan application involves no doctor’s visits or other medical exams, you are still required to answer a series of medical questions to be approved. 

To qualify for a Canada Protection Plan life insurance, applicants typically go through a series of about 20 ‘yes’ or ‘no’ questions. 

It is essential that you give accurate, honest answers in your questionnaire. Incorrect responses or the omission of information could invalidate your protection. 

FAQ: Canada Protection Plan 

Is Canada Protection Plan legitimate?

Yes. As of 2021, Canada Protection Plan has been offering simplified issue and non-medical life insurance plans, as well as related products, for 29 years. 

Is Canada Protection Plan government run?

No, Canada Protection Plan is a privately-owned Canadian insurance intermediary.  

Who underwrites the Canada Protection Plan?

Canada Protection Plan’s products are underwritten by Foresters Life Insurance Company, which is a subsidiary of Foresters Financial, an international financial services provider. 

Founded in 1874, it is one of North America’s oldest insurance companies, with more than three million clients and members across Canada, the US, and the UK.

How do I cancel my Canada Protection Plan?

To cancel your Canada Protection Plan, you can contact your Advisor, call them toll free at 1-877-629-9090 or email customerservice@cpp.ca. 

In summary: Canada Protection Plan is a viable backup plan

If you have insurability issues such as serious health conditions or high-risk hobbies, Canada Protection Plan offers great life insurance options at an affordable price. 

Otherwise, those with generally good health will be able to find more cost-efficient options elsewhere. 

Laura McKay

COO & Co-Founder

Laura brings 7 years of experience working in insurance & strategic operations as a management consultant at Oliver Wyman, after experiences at Manulife and Munich Re. In 2017, she launched a successful initiative for the World Economic Forum focused on innovation in insurance, working closely with insurers, tech pioneers, and policy-makers.

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