There are two main types of life insurance available in Canada: term life insurance and permanent life insurance. These two types of policies are both available with no medical examination. There are also different policy options available within term and permanent policies, including guarantee issue policies, simplified issue policies, deferred issue policies and even fully underwritten policies. Guaranteed Issue Policies: these policies require no medical examination and virtually no medical questions. These policies have reduced benefits and increased premiums compared to other available products. Guaranteed issue life insurance is appropriate for those who are unable to qualify for simplified issue policies. Simplified Issue Policies: these policies require no medical examination but require a series of broad medical questions. Typically you must be answer all of the questions “no” in order to qualify. These policies have higher premiums than a fully underwritten policy and may have reduced benefits. Deferred Issue Policies: these policies require no medical examination and very few medical questions. These policies have premiums that fall between Simplified Issue and Guaranteed Issue and are designed for those with more severe current or past medical issues. Fully Underwritten Policies: as no medical life insurance becomes increasingly competitive, there are a growing number of options for fully underwritten policies without a medical exam. This means that people can obtain greater coverage than is typical for no medical policies (up to $1 million) at competitive premium rates. To qualify you need to be under the age of 50 and in good health. You must also complete a health questionnaire.