Guaranteed Issue vs. Simplified Issue: A Snap-Shot Comparison

Posted on January 14, 2010 and updated March 13, 2017 in Insurance Types, Life Insurance Canada News, Non-medical 2 min read

There is much confusion when it comes to non-medical life insurance. Many people assume that non-medical life insurance means that there are no health questions whatsoever. Some policies do fall into this category. However, non-medical life insurance can generally be broken down into two categories:

1. Guaranteed-Issue Coverage, where there are no health questions, and no medical tests.

2. Simplified-Issue Coverage, where there are a limited number of health and lifestyle questions and there are no medical tests.

The chart below offers a snapshot comparison between the two life insurance plans:



No medical tests

No medical tests

3-41 health and lifestyle questions. The more questions you can say “no” to, the lower the premiums and the higher face amounts.

No health and lifestyle questions

Face amounts can be up to $150,000

Face amounts are usually limited to $25,000

Discounts to non-smokers

Smokers and non-smokers are priced the same.

Lower premiums than Guaranteed Issue Coverage

Higher Premiums


Top Simplified Issue Companies: Assumption Life, Canada Protection Plan, Industrial Alliance, Humania, BMO Insurance, Equitable Life

Top Guaranteed Issue Companies: Canada Protection Plan, The Edge, Specialty Life

If you have any additional questions, you can contact us at 1-866-899-4849, or visit our Non-medical Life Insurance Quote Page.

LSM Insurance
LSM Insurance

Will do the rates will depend on your age, smoking status and the face amount of the policy.


hi i am interested in the simplified issue coverage, please get back to me via email on how to proceed.