For many Canadians, buying traditional life insurance can be difficult because it requires medical exams, blood tests, and detailed health questions.
If you have health conditions or want faster approval, non medical life insurance policies can provide coverage without medical testing.
But an important question most people ask is: “How much does non medical life insurance cost?”
In this guide we explain:
- The cost of non medical life insurance in Canada
- The difference between simplified issue life insurance cost vs guaranteed life insurance cost
- Why premiums are higher than traditional policies
- Real scenarios where people benefit from no medical exam life insurance
We also include example pricing and comparison tables to help you understand your options.
What Is Non Medical Life Insurance?
Non medical life insurance allows Canadians to obtain life insurance without completing a medical exam. Instead of medical testing, insurers use either a short health questionnaire, or no health questions at all.
There are two main types of policies:
Both options allow faster approvals but typically come with higher premiums than standard life insurance.
Standard vs Simplified vs Guaranteed Life Insurance
Understanding the differences helps explain why non medical life insurance cost in Canada is higher.
| Feature | Standard Life Insurance | Simplified Issue Life Insurance | Guaranteed Issue Life Insurance |
| Medical exam required | Usually yes | No | No |
| Health questions | Detailed | Short questionnaire | None |
| Approval time | Weeks | Days | Immediate |
| Coverage amounts | Up to millions | Usually up to $500K | Usually $25K–$50K |
| Premium cost | Lowest | 25–50% higher | 50–100% higher |
| Best for | Healthy applicants | Minor health issues | Serious health conditions |
In simple terms:
- Standard life insurance is cheapest
- Simplified Issue Life Insurance costs more but is easier to qualify for
- Guaranteed Issue Life Insurance costs the most but accepts almost everyone
How Much Does Non Medical Life Insurance Cost?
The non medical life insurance cost in Canada varies based on several factors such as age, gender, smoking status, coverage amount, policy type, insurance company underwriting rules.
Below is an example of typical monthly pricing differences for a non-smoking male for a Term 20 life insurance policy.
| Male, Age | Standard Life ($250k) | Simplified Issue ($250k) | Guaranteed Issue ($25k) |
| 30 | $16 | $18 | $97 |
| 40 | $27 | $28 | $130 |
| 50 | $69 | $71 | $172 |
| 60 | $202 | $228 | $325 |
Below is an example of typical monthly pricing differences for a non-smoking female for a Term 20 life insurance policy.
| Female, Age | Standard Life ($250k) | Simplified Issue ($250k) | Guaranteed Issue ($25k) |
| 30 | $13 | $15 | $78 |
| 40 | $20 | $20 | $102 |
| 50 | $47 | $48 | $130 |
| 60 | $143 | $160 | $238 |
Simplified Issue Life Insurance Cost
Simplified issue policies are commonly used by Canadians who have moderate health conditions or want fast approval.
| Male, Age | $25K Coverage | $50K Coverage |
| 30 | $52/month | $97/month |
| 40 | $69/month | $130/month |
| 50 | $90/month | $171/month |
| 60 | $166/month | $325/month |
| Female, Age | $25K Coverage | $50K Coverage |
| 30 | $13/month | $19/month |
| 40 | $18/month | $30/month |
| 50 | $45/month | $95/month |
| 60 | $130/month | $265/month |
Guaranteed Issue Life Insurance Cost
Because approval is guaranteed, premiums are significantly higher and coverage is usually limited.
| Male, Age | $25K Coverage | $50K Coverage |
| 30 | $52/month | $97/month |
| 40 | $69/month | $130/month |
| 50 | $90/month | $171/month |
| 60 | $166/month | $325/month |
| Female, Age | $25K Coverage | $50K Coverage |
| 30 | $35/month | $78/month |
| 40 | $45/month | $102/month |
| 50 | $56/month | $130/month |
| 60 | $100/month | $238/month |
Who Needs No Medical Life Insurance?
Non medical life insurance is particularly valuable for Canadians with health conditions. Here are three common situations.
Scenario 1: Diabetes and Traditional Insurance Decline
Michael, age 52, has type 2 diabetes and was declined for traditional life insurance. A simplified issue policy allowed him to get $200,000 coverage with approval in two days for $75/month.
Scenario 2: Heart Condition and Urgent Coverage
Susan, age 61, had a previous heart surgery. A simplified issue policy provided $250,000 coverage for $175/month, providing the protection her family needed.
Scenario 3: Cancer Survivor Seeking Final Expense Coverage
Robert, age 62, previously had cancer. He purchased guaranteed issue life insurance for $25,000 coverage at $174/month to cover funeral costs.
Compare Non Medical Life Insurance Quotes in Canada
Because insurance companies assess risk differently, premiums vary. At NoMedicalLifeInsurance.ca, our licensed advisors work with more companies than most brokerages to help you find the best rate.
Frequently Asked Questions
How much is non medical life insurance in Canada?
Simplified issue policies typically cost 25–50% more than standard life insurance, while guaranteed issue policies may cost 50–100% more.
Is simplified issue life insurance cheaper than guaranteed issue?
Yes. Because simplified issue policies include health questions, insurers can assess risk better, resulting in lower premiums.
Why is guaranteed life insurance more expensive?
It accepts applicants regardless of health, meaning insurers take on significantly more risk.
