At PolicyPlace, we make life insurance in Canada simple and accessible. Whether you’re planning for the future or protecting your family, we help Canadians confidently secure their tomorrow. Whether you’re starting a family, buying a home, or simply planning ahead, our independent insurance advisors make it easy to choose a life insurance plan that protects your loved ones without overcomplicating the process.
Life insurance is a safety net. It provides your beneficiaries with a tax-free lump sum payout if you pass away during the policy’s term. This money helps them stay afloat financially in your absence.
Most insurers accept applicants between 18 and 85. The younger you are when you apply, the more affordable your premium.
Insurers usually request a medical check-up or health questionnaire. Healthy applicants get lower rates. However, we also offer no-medical exam options.
Your income, expenses, and lifestyle help determine how much coverage you may need.
Coverage should reflect your unique responsibilities—such as your home, family, and financial goals.
These include hobbies, job type, and family medical history. Don’t worry—we’ll guide you through every step.
Affordable and easy to understand.
Coverage lasts for 10, 20, or 30 years.
Great for families, renters, or mortgage holders.
Lifetime coverage with fixed premiums.
Includes cash value you can borrow or withdraw.
Flexible payments and death benefits.
Accumulates cash value with growth potential.
No health questions or medical exams.
Perfect for those with pre-existing conditions.
Covers two individuals under a single policy, paying out the death benefit upon the first insured’s passing.
It’s commonly used by spouses or business partners to provide financial protection.
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Investment-linked policy.
Cash value depends on stock or mutual fund performance.
To ensure your family doesn’t face financial hardship after you’re gone. It covers living expenses, debt, and more.
We offer term, whole, universal, guaranteed, variable, and joint policies.
The amount of coverage depends on factors such as your income, outstanding debts, lifestyle, and financial obligations. A general guideline is to have enough coverage to replace your income for a certain number of years and to cover major expenses like mortgage payments and college tuition.
Premiums are influenced by factors such as age, health condition, smoking status, coverage amount, policy type, and lifestyle habits (e.g., occupation, hobbies). Generally, younger and healthier individuals pay lower premiums.
Yes, some insurers offer policies specifically designed for individuals with pre-existing health conditions. Guaranteed issue life insurance or simplified issue life insurance may be available without a medical exam but typically have higher premiums.
Yes, most life insurance policies offer flexibility. You can usually increase or decrease coverage amounts, change beneficiaries, or convert certain types of policies (e.g., term life to permanent life) based on your changing needs.
Generally, life insurance death benefits are not taxable income for beneficiaries. However, interest earned on the cash value of certain life insurance policies may be subject to taxation.
Yes, life insurance in Canada remains valid even if you move provinces.
