Business Details
Trusted Life Insurance Solutions in Canada
Canada Protection Plan has been a trusted leader in simplified issue, no medical life insurance in Canada since its acquisition by Foresters Financial in 2020. Our team brings decades of combined expertise in providing accessible, flexible coverage tailored to individual needs, even for those with complex health histories or high-risk lifestyles. We prioritize straightforward applications, competitive pricing, and member-centric benefits, including financial education resources, community grants, and wellness programs.With a proven track record of timely claims processing and a commitment to ethical practices, we ensure families receive reliable financial protection. Our advisors deliver personalized guidance, ensuring clients understand their options for permanent or term coverage, critical illness protection, and legacy planning. Backed by Foresters Financial's 150+ years of industry experience and an A (Excellent) AM Best rating, we combine stability with innovative solutions to meet evolving client needs.
Services
Permanent Life Insurance
Term Life Insurance
Critical Illness Insurance
Guaranteed Acceptance Life
Deferred Life Insurance
Simplified Elite Life
Preferred Term Life
Express Elite Term Insurance
Cardiac Protect CI
Cancer Protect CI
Highlights and features
- Over 150 years of combined industry experience through Foresters Financial
- No medical exams required for most plans
- Coverage options up to $1,000,000
- 24/7 customer support for policyholders
- Member benefits including scholarships and wellness programs
Associations and certifications
- AM Best
What people say
Efficient process
Quick approvals
Reliable claims
No medical exams
Excellent service
Services
Permanent Life Insurance
Permanent Life Insurance offers lifelong coverage with guaranteed cash value accumulation, ideal for final expense planning or legacy creation. Policies provide death benefits up to $1,000,000, with optional riders like terminal illness benefits and accidental death coverage. No medical exams are required for most applicants aged 18-80, ensuring accessibility for individuals with health challenges or high-risk activities.
Term Life Insurance
Term Life Insurance provides protection for 10, 20, 25, or 30 years, suited for mortgage protection or income replacement. Coverage up to $1,000,000 is available with level or decreasing premiums, renewable until age 80. Simplified underwriting ensures quick approval without medical exams for eligible applicants, making it ideal for short-term financial security needs.
Critical Illness Insurance
Critical Illness Insurance delivers lump-sum payouts for diagnoses like cancer, heart attack, or stroke, covering treatment costs and lost income. Plans offer up to $100,000 in coverage with no medical exams required, including specialized options like Cardiac OR Cancer Protect CI. Benefits are paid directly to policyholders, providing financial flexibility during recovery.
Guaranteed Acceptance Life
Guaranteed Acceptance Life Insurance ensures approval for applicants aged 18-75, regardless of health history. This permanent plan covers final expenses up to $50,000 with simplified underwriting, offering terminal illness benefits and transportation assistance. Premiums remain fixed, and policies accumulate cash value after five years, ensuring long-term affordability.
Deferred Life Insurance
Deferred Life Insurance provides permanent coverage for individuals with serious health conditions, with benefits paid after two years. Policies include terminal illness and transportation benefits, with coverage up to $75,000 for ages 18-60. Premiums are guaranteed, and cash values accumulate to support future premium payments or policy loans.
Questions
Do you offer life insurance Canada-wide?
Yes, Canada Protection Plan provides life insurance to Canadians aged 18-80 across all provinces and territories.
What types of life insurance are available?
We offer term life insurance (10-30 years) and permanent life insurance, both with simplified underwriting and no medical exams.
How much does life insurance cost in Canada?
Coverage starts at $15/month for term plans, with permanent options varying by age, health, and coverage amount.
What is no medical life insurance?
No medical life insurance skips exams and needles, using health questions instead for faster approval, ideal for urgent needs.
Can I apply for life insurance during the pandemic?
Yes, our no-medical process allows online or phone applications without in-person exams, ensuring timely coverage.
How do I apply for life insurance?
Apply online in minutes or call 1-877-851-9090 for personalized guidance through our simplified, no-medical application process.
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