Canada Protection Plan: Simplified Life vs. Deferred Life

Unity Life of Canada joined the Foresters family in April 2008 and as of Jan 23 2012 changed their name to Foresters Life Insurance Company.

Canada Protection Plan is a Canadian company, which is a leading provider of non-medical life insurance solutions, underwritten by Unity Life.

They offer simplified life plans and deferred life policies.

The difference between these policies is as below;

The Simplified life policy
-Plans provide coverage from day one
-offers a wider range of health questions
-Simplified is not available to diabetics requiring daily insulin injections or applicants with chronic kidney disease. These individuals would qualify for the deferred life plan.

The Deferred life Policy
-The number of questions is much more limited (only 6 health questions)Therefore, individuals with more significant health issues can qualify for the deferred life plan.
-The death benefit is limited to a return of premium plus 3% interest in the first 2 policy years for accidental deaths.


    • Both plans are available without medical tests and doctors reports.

    • They also offer a choice of life pay or 20-year pay payment options.

    • Both plans also feature accidental death, hospital cash and a children’s term benefit option.

For more details on Canada Protection Plan’s, non-medical policy, or any of the other non-medical life insurance plans in Canada, please contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.

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  • Rajinder
    July 2, 2013 at 3:02 pm

    Who pays out the Canada Protection Plan. I see their name on the policy but I also see Unity Life

    • LSM Insurance
      July 2, 2013 at 4:02 pm

      Thanks for the note Rajinder. Unity Life of Canada was purchased by Foresters Life Insurance Company and they are the ones underwriting and Processing CPP policies.

  • Harry
    June 25, 2013 at 6:17 pm

    Cab I get an immediate pay plan if I had cancer? I’m a non smoker and have a clean bill of health.

    • LSM Insurance
      June 25, 2013 at 6:21 pm

      Thanks for the note Harry. It depends how long ago you were diagnosed with Cancer. But yes it is possible you could qualify for immediate coverage. We will send you a separate email now.

  • LSM Insurance
    August 31, 2012 at 7:24 pm

    Thanks for the note. We are happy to help out.

  • santosh chandra nag
    August 31, 2012 at 4:50 pm

    If I go for cover I will definately choose Canada p. rotection plan.santosh nag