More information on what's involved in obtaining life insurance in Canada
Step 1: Compare quotes
The first step to securing life insurance is to obtain a quote by filling out our simple online form. Whether you are a single person looking for life insurance coverage or a couple looking for joint coverage, our life insurance comparison engine will help point you in the right direction. The process only takes a few minutes to complete and you will be provided with a range of quotes that best meet your life insurance needs. Life insurance policies tend to last either your entire lifetime or a set period of years, so comparing life insurance quotes helps to ensure you're locking in the best rate now and in the future. Life insurance quotes.
Step 2: Connect to a life insurance expert
Once you have a quote, the next step in the process is to speak to a licensed expert to ensure the coverage you’ve selected meets your needs. There are a number of personal and health related questions that you will want to discuss with a licensed insurance broker or agent before moving ahead with your life insurance policy. takes care of this step for you by connecting you with a life insurance expert who will walk through the entire process with you to make sure you get the right coverage at the right price.
Step 3: The medical exam
One of the things that sometimes deters people from obtaining life insurance coverage is the medical exam. This standard part of the process is not as worrisome as you might believe and takes on average just half an hour. The life insurance company you select will send a representative to your home to ask you a few questions and complete a brief medical exam. This typically includes checking your blood pressure, weighing you, drawing a blood sample and/or collecting a urine sample. This representative is a medical professional, typically a nurse.
The medical exam is crucial to determining your risk profile and identifying any underlying medical conditions. Since life insurance policies are often for life, the insurance company wants to ensure you're healthy enough for them to feel confident insuring you for the duration of your policy. This isn't anything to worry about. Just be honest on your application and don't worry unnecessarily about this part of the process.
Step 4: Finalize your quote
After your medical exam, your samples will be sent to a lab and the results forwarded to your life insurance company. From here, you will either be approved at the rate of the quote you were originally given, the quote may be adjusted to factor in any health issues that came to light, or in some cases you may be denied coverage. If this happens, you can begin the process again with another company if you choose. Each company is different and some have a wider range of conditions they accept than others.
Low cost term life insurance
Remember, life insurance is a personal choice, but some things to take into consideration are:
Term life insurance is less expensive than permanent or whole life insurance
Apply for life insurance as soon as you can. The younger and healthier you are, the better your rates
Fast before your medical exam so your levels are more normalized (try scheduling your exam in the morning so you don’t have to fast all day)
Don’t smoke: smokers pay twice as much (and sometimes more) than non-smokers for life insurance
Compare rates using a site like to see the range of life insurance quotes available to you
If you have any other questions, the life insurance rep you speak with will be able to answer any of your questions.