Term life insurance covers you for a set period — typically 10, 20 or 30 years, or to age 65 — at a premium that stays level for the whole term. It is the coverage most Canadian advisors recommend first because it delivers the most protection per dollar while your financial obligations are highest.
Life insurance
10 min read
Updated Oct 12, 2026
Simplified vs Guaranteed Issue Life Insurance: No-Medical Options, Including Accelerated Underwriting
Simplified issue asks a few health questions and pays the full benefit once you're approved. Guaranteed issue asks none, but caps cover and usually limits the payout for two years. Accelerated underwriting skips the exam if you're healthy. Here's how to tell which one you may qualify for.
Read guide arrow_forward
