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Canada Protection Plan CPP Life Insurance Reviewed: What You Need to Know

A Deep Dive into Canada Protection Plan Life Insurance
A Deep Dive into Canada Protection Plan Life Insurance

If you’ve been exploring life insurance options in Canada, chances are you’ve come across Canada Protection Plan (CPP). As a leading provider of no medical exam policies, CPP can be an ideal solution for certain applicants.

But is Canada Protection Plan the right life insurance company for you? In this complete guide, we’ll answer all your questions about CPP and help you determine if their products are a fit.

What is Canada Protection Plan?

Founded in 1992 and headquartered in Toronto, Canada Protection Plan as know as CPP life insurance specializes in simplified issue life insurance products that don’t require medical exams or lengthy underwriting.

CPP offers both term and permanent life insurance designed to be accessible for higher risk applicants who may struggle to qualify for coverage elsewhere. Their tagline sums it up: “Insurance made easy.”

Some key facts about Canada Protection Plan:

With its focus on simplified issue products, CPP life insurance aims to make quality insurance achievable for all Canadians. Let’s explore their offerings further.

What Types of Life Insurance Does Canada Protection Plan Offer?

What Types of Life Insurance Does Canada Protection Plan Offer?
What Types of Life Insurance Does Canada Protection Plan Offer?

Canada Protection Plan provides a wide range of term life insurance and permanent life insurance designed to cater to Canadians across all health profiles.

Canada Protection Plan Term Life Insurance

Canada Protection Plan offers one of the widest ranges of no medical exam term life insurance products in Canada. They provide multiple term lengths and customized plans based on applicant health.

Key Term Product Features:

  • Term lengths: 10, 20, 25, 30 years
  • Renewable to age 80
  • Convertible to permanent plans until age 70
  • Available riders: Accidental Death, Child Life Insurance, Critical Illness

Let’s take a closer look at each of CPP’s main term life insurance offerings.

Express Elite Term Life Insurance

The Express Elite plan is one of Canada Protection Plan’s newest offerings, launched in 2019. It provides a streamlined digital application process for healthy individuals seeking higher coverage amounts without medical underwriting.

Express Elite Term Highlights:

  • Up to $750K coverage for ages 18-50
  • Up to $500K coverage for ages 51-60
  • 20 or 30 year terms
  • Fully digital application
  • Approval in as little as 24 hours

With maximum coverage amounts between $500K and $750K, the Express Elite plan offers CPP’s highest no medical term life insurance limits. Applicants can complete a simple online application and get near-instant approval.

Simplified Elite Term Life Insurance

CPP’s Simplified Elite term product is designed for applicants in relatively good health who want to avoid medical exams. It offers strong coverage amounts despite no underwriting.

Simplified Elite Term Features:

  • Up to $500K coverage
  • Available ages 18-60
  • 10, 20, and 30 year terms
  • Immediate coverage with no waiting period
  • Renewable and convertible

The Simplified Elite plan provides up to $500,000 in term life insurance without the hassle of medical tests. With 10-30 year terms available, it’s an accessible option for short or long-term protection.

Deferred Elite Term Life Insurance

For applicants with more serious health conditions who’ve been declined coverage in the past, CPP offers their Deferred Elite term life product.

Deferred Elite Term Highlights:

  • Up to $350K coverage
  • Available ages 18-70
  • 10, 20, and 25 year terms
  • 2 year waiting period for full benefits
  • Renewable and convertible

The Deferred Elite plan provides up to $350,000 in guaranteed issue term life insurance for higher risk individuals. The trade-off is a two-year waiting period before the full death benefit pays out.

Preferred Term Life Insurance

CPP’s Preferred Term life insurance plan involves a bit more underwriting but offers robust coverage amounts for healthy applicants seeking quick protection.

Preferred Term Features:

  • Up to $1M coverage
  • Ages 18-65
  • 10, 20, and 25 year terms
  • No waiting period
  • Lower rates than simplified issue plans

With coverage amounts up to $1 million, the Preferred Term plan offers CPP’s highest term insurance limits. Applicants need to answer some medical questions, but there’s no paramedical exam required.

Preferred Elite Term Life Insurance

For the healthiest applicants wanting maximum coverage with the lowest rates, CPP offers their Preferred Elite term life plan. This fully underwritten option requires a medical exam but provides very competitive pricing.

Preferred Elite Term Highlights:

  • Up to $1M coverage
  • Ages 18-65
  • 10, 20, and 25 year terms
  • Fully underwritten with paramedical exam
  • CPP’s lowest term life rates

The Preferred Elite term plan should offer CPP’s most affordable term insurance rates for applicants who qualify based on the medical underwriting process.

Sample Canada Protection Plan Term Rates

Here are sample monthly rates for a 20-year, $500,000 term policy:


Canada Protection Plan Permanent Life Insurance

In addition to its broad range of term products, Canada Protection Plan also offers six permanent life insurance plans with lifelong coverage and tax-deferred cash value growth.

Permanent Product Features:

  • Lifelong coverage
  • Level guaranteed premiums
  • Guaranteed cash value
  • Available to age 90
  • Riders for critical illness, disability, and more

Let’s take a more in-depth look at the permanent life insurance options from Canada Protection Plan.

Guaranteed Acceptance Life Insurance

CPP’s Guaranteed Acceptance life insurance plan provides permanent coverage with no health questions or medical exams required. It’s designed for higher risk applicants who have been declined elsewhere.

Guaranteed Acceptance Highlights:

  • Guaranteed issue – no underwriting
  • Up to $50K coverage
  • Issue ages 18-80
  • 2 year waiting period
  • Guaranteed cash value accumulation

With no underwriting required, the Guaranteed Acceptance plan offers a simple way for higher risk Canadians to obtain permanent life insurance protection.

Deferred Life Insurance

The Deferred Life plan from CPP offers permanent life insurance of up to $75,000 for individuals with major health issues who don’t qualify for coverage under their other plans.

Deferred Life Features:

  • Up to $75K coverage
  • Issue ages 18-80
  • 2 year waiting period
  • Guaranteed premiums to age 100
  • Guaranteed cash values

For those with significant medical conditions, CPP’s Deferred Life product can provide crucial financial protection when other insurers decline.

Simplified Elite Permanent Insurance

Designed for applicants with average health, CPP’s Simplified Elite permanent life insurance plan offers robust coverage without paramedical exams or waiting periods.

Simplified Elite Permanent Highlights:

  • Up to $350K coverage
  • Issue ages 18-80
  • No medical underwriting
  • Immediate coverage – no waiting period
  • Guaranteed cash value accumulation

With strong coverage amounts up to $350,000 without any medical exams, the Simplified Elite plan provides an accessible path towards permanent protection.

Preferred Elite Permanent Insurance

The Preferred Elite plan offers CPP’s maximum permanent coverage of $1 million for healthy individuals who qualify based on full medical underwriting.

Preferred Elite Permanent Features:

  • Up to $1M coverage
  • Issue ages 18-75
  • Fully underwritten – paramedical exam required
  • CPP’s lowest permanent insurance rates
  • Guaranteed cash value growth

For applicants able to secure approval through the underwriting process, the Preferred Elite plan offers Canada Protection Plan’s highest limits for permanent coverage.

Critical Illness Insurance

Beyond regular life insurance, CPP also offers 4 critical illness insurance plans that pay out a lump sum upon diagnosis of a serious covered condition:

  • Cardiac Protect CI
  • Cancer Protect CI
  • Cardiac & Cancer Protect CI
  • Cardiac or Cancer Protect CI

Overall, CPP provides one of the most diverse selections of no medical exam life and critical illness insurance products in Canada.

How Do Canada Protection Plan’s Rates Compare?

How Do Canada Protection Plan's Rates Compare?
How Do Canada Protection Plan’s Rates Compare?

As a no medical exam life insurer, Canada Protection Plan’s rates are generally higher compared to fully underwritten policies from other life insurance companies in Canada.

Here are some sample monthly premiums:

$500,000, 20 Year Term Life

AgeCPP RateTraditional Insurer

$250,000 Whole Life Policy

AgeCPP RateTraditional Insurer

The higher premiums from CPP facilitate offering simplified issue products with minimal underwriting. Healthy applicants generally find lower rates elsewhere.

Who Is Canada Protection Plan Life Insurance Good For?

Canada Protection Plan specializes in covering higher risk life insurance applicants:

  • 60% of CPP’s clients are ages 50+
  • 55% have pre-existing health conditions
  • 15% are temporary residents or foreign nationals

Their no medical exam policies cater well to the following:

  • Older Canadians who need life insurance
  • Individuals with health issues who’ve been declined
  • Those wanting coverage quickly with minimal underwriting
  • Applicants needing higher policy face amounts
  • Temporary foreign workers and visa holders

Younger, healthy applicants can typically find lower priced options. However, CPP fills an important niche for Canadians with extenuating circumstances requiring specialized underwriting.

What Are The Pros and Cons of Canada Protection Plan?

The Pros and Cons of Canada Protection Plan
The Pros and Cons of Canada Protection Plan

Pros of Choosing Canada Protection Plan

  • Specialize in no medical exam life insurance
  • Multiple products for all health profiles
  • Extremely high approval rates
  • Quick and easy application process
  • Available to non-residents and foreign nationals
  • Digital policy fulfillment and servicing

Potential Drawbacks to Consider

  • Premium rates are higher than traditional life insurers
  • Maximum $1 million coverage amount
  • Permanent plans have lower cash values
  • Coverage ends at age 80 vs. 85 elsewhere
  • Only critical illness riders beyond regular life insurance

The main trade-off with CPP is higher rates for the convenience and accessibility of no medical underwriting. Their streamlined application process also appeals to busy Canadians.

How Does the Canada Protection Plan Application Process Work?

Applying for Canada Protection Plan insurance is designed to be simple and convenient:


Fill out CPP’s digital application in as little as 15 minutes. Offers near-instant decisions.


Speak with a CPP agent and apply over the phone. An agent can walk you through the application.

Independent Broker

Work with a broker to explore your options and apply through them.

While no paramedical exam is required, applicants still must answer questions about medical history, prescription medications, family health, and lifestyle. Honesty is crucial throughout the process.

Once approved, coverage starts immediately. Policy documents are delivered within 7 business days. You can also select ePolicy paperless fulfillment.

What Optional Riders and Benefits Does Canada Protection Plan Offer?

The primary coverage offered through Canada Protection Plan is term or permanent life insurance. However, they do offer a few supplementary riders and benefits:

Critical Illness Insurance

Pays out a lump sum if diagnosed with a covered critical condition. Available as a rider on non-permanent plans.

Accidental Death Benefit

Provides an additional payout if death occurs due to an accident before age 70.

Child Life Insurance

Add low-cost term life insurance coverage for your children under age 25. Offered on most plans.

Rider options allow buyers to customize their CPP policy and enhance coverage. But compared to some insurers, rider selection is limited.

More : Life Insurance for children

How Do I File a Claim or Complaint With Canada Protection Plan?

To file a claim, contact CPP as soon as possible after the death or diagnosis of critical illness. They will walk you through the required documentation and steps to receive a payout.

For complaints, you can contact CPP by:

  • Phone: 1.877.799.9090
  • Email: [email protected]
  • Mail: Foresters Financial, 789 Don Mills Road, Toronto ON M3C 1T9

CPP commits to resolving complaints within 30 days. If needed, you can also contact the independent ombuds service for insurers in Canada.

What Are People Saying in Canada Protection Plan Reviews?

Canada Protection Plan maintains positive reputability ratings and customer feedback:

  • A+ Rating with the Better Business Bureau
  • 4 out of 5 stars on Google Reviews
  • 4 out of 5 stars on Facebook Reviews

Here are a few examples of direct customer feedback:

“I had a very easy time finding an acceptable policy for an affordable premium.” – Crystal D.

“Working with Canada Protection Plan to obtain a policy was easy, and I was educated throughout the process,” said David L.

“Such a relief to be able to help a client who had no other options.” – Calvin W.

While any insurer will have some negative feedback, the majority of CPP reviews praise their strong customer service and ability to provide accessible coverage.

Is Canada Protection Plan the Right Insurer for You?

Canada Protection Plan offers a valuable niche providing simplified issue life insurance solutions for higher risk Canadians.

If you’re older, have health conditions, have been declined in the past, or want convenient coverage without medical exams, CPP may be an ideal fit. Their accessibility for applicants other insurers turn down makes them a great “Plan B.”

However, younger healthy applicants can likely secure lower premium rates through fully underwritten policies from other life insurers.

But for certain demographics, Canada Protection Plan provides an invaluable option when regular coverage isn’t attainable. Their digital processes and high-quality customer service also appeal to busy Canadians who prioritize convenience.

Overall, CPP delivers quality life insurance solutions tailored specifically for the everyday needs of higher risk Canadians.

Ready to Explore Your CPP Options?

  • Apply online
  • Speak to an agent
  • Chat with a Licensed Advisor

With over 30 years of combined experience, our advisors have the expertise to match you with the perfect life insurance solution. Let Lifebuzz find the ideal coverage to protect your tomorrow.

Frequently Asked Questions (FAQs) about Canada Protection Plan

How long has Canada Protection Plan been in business?

Canada Protection Plan has been providing life insurance solutions for over 30 years. They were founded in 1992 and are based in Toronto, Ontario.

What is the AM Best rating for Canada Protection Plan?

Canada Protection Plan's life insurance products are underwritten by Foresters Life Insurance Company, which holds an AM Best rating of A (Excellent).

Where are Canada Protection Plan policies underwritten?

All Canada Protection Plan insurance policies are underwritten by Foresters Life Insurance Company, a subsidiary of Foresters Financial. Foresters is headquartered in Toronto.

Why choose Canada Protection Plan life insurance?

CPP specializes in no medical exam life insurance, making coverage accessible for higher risk applicants. They also have quick approval times and a streamlined online application process.

When should I avoid Canada Protection Plan?

If you're young and healthy, traditional fully underwritten policies will likely offer lower premium rates than Canada Protection Plan.

Do I need to be a Canadian citizen for Canada Protection Plan insurance?

No, CPP offers coverage options for temporary residents and foreign nationals. You don't need to be a Canadian citizen or permanent resident.

Can Canada Protection Plan deny my life insurance application?

While approval rates are very high, there is a small chance of denial if disclosures are inaccurate or intentionally omitted. Honesty is crucial in the application process.

Is a medical exam required for Canada Protection Plan life insurance?

The majority of CPP's life insurance plans do not require a medical exam. However, their Preferred Elite plans may necessitate an exam for approval.

What is the maximum coverage amount from Canada Protection Plan?

Currently, the maximum amount of life insurance coverage available from CPP is $1 million. For higher amounts, other insurers will be needed.

How quickly can I get Canada Protection Plan life insurance?

Approval can be as fast as 24 hours with CPP's digital application process. Coverage starts immediately once approved.

Can I renew Canada Protection Plan term life at the end of the term?

Yes, CPP term life insurance is guaranteed renewable until age 80 in most cases as long as premiums are paid.

Is Canada Protection Plan life insurance portable?

Yes, CPP policies are portable if you change jobs or retire. Your coverage will remain intact with no impact.

Does Canada Protection Plan offer whole life insurance?

CPP's permanent life insurance plans like Preferred Elite Permanent function similarly to whole life insurance, offering lifelong coverage.

What optional riders does Canada Protection Plan offer?

The main riders offered are Critical Illness insurance, Accidental Death Benefit, and Child Life insurance. Rider selection is limited compared to some insurers.

How do I contact Canada Protection Plan customer service?

You can contact CPP customer service by phone at 1-877-799-9090 or email [email protected]. Live chat is also available on their website.

Can I cancel my Canada Protection Plan policy?

Yes, you can cancel a CPP policy at any time as long as premiums are paid up. Contact CPP or your insurance advisor to initiate cancellation.

How do I make a claim with Canada Protection Plan life insurance?

To make a claim, contact CPP as soon as possible after death or a diagnosis. They will walk you through the required claim documentation.

Are Canada Protection Plan rates higher than other life insurers?

CPP's rates are generally higher than fully underwritten policies from other insurers. But they may be lower than some no medical insurers.

Does Canada Protection Plan sell life insurance over the phone?

Yes, CPP has licensed agents who can take applications and provide quotes over the phone. This provides a convenient application process.

What premium payment options does Canada Protection Plan offer?

CPP allows annual, semi-annual, quarterly, monthly, and pre-authorized cheque premium payments. Credit card payments are also accepted.

Article Sources:

Delve into the principles that guide our dedication to truthfulness, clarity, and editorial autonomy by exploring the Editorial Policy. This is the cornerstone of our esteemed status as the premier trusted source for life insurance information in Canada.

  1. Canada Protection Plan Life Insurance Review: Read Before Applying! (2024) –
  2. Canada Protection Plan Life Insurance Review – Updated 2024 –
  3. Canada Protection Plan Life Insurance Reviews 2024 –
  4. Canada Protection Plan – wikipedia
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Written by Ben Nguyen

Ben Nguyen is an award-winning insurance expert and industry veteran with over 20 years of experience. He is the chairman and director of IDC Insurance Direct Canada Inc., one of Canada's leading online insurance brokerages.

Ben is renowned for his extensive knowledge of life, health, disability, and travel insurance products. He is the prolific author of over 1,000 educational articles published on LifeBuzz, BestInsuranceOnline, and InsuranceDirectCanada. His articles provide Canadians with advice on making smart insurance decisions.

With a Bachelor's degree in Actuarial Science and a Fellow of the Canadian Institute of Actuaries (FCIA) designation, Ben is frequently interviewed by media as an insurance industry spokesperson.

He has received numerous honors including the Insurance Council of Canada’s Pivotal Leadership Award, the Canadian Insurance Hall of Fame induction, and the President’s Medal from the Canadian Institute of Actuaries.

Ben continues to shape the vision and strategy of IDC Insurance Direct as chairman. He is dedicated to advancing the insurance industry through his insightful leadership.

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