Preferred Protection

Day one coverage, preferred rates, and simplified underwriting make the preferred protection plan ideal for clients looking for the benefits of a traditionally underwritten coverage option and the simplicity of a no medical plan.
  • Eligibility​
There are three requirements to qualify for coverage under Preferred Protection:
  • 1 Age between 18 to 70;
  • 2 A Canadian resident; and
  • 3 Able to answer NO to 23 qualifying health questions.
Clients may be eligible to buy this policy even if:
  • They’ve been deferred, postponed, or declined insurance for any reason;
  • They have severe or terminal health issues that may render otherwise uninsurable;
  • They are a resident of Canada, even if a landed immigrant and otherwise not a Canadian citizen.
  • Coverage
Clients between 18 to 70, can apply for coverage amounts from $1,000 up to $300,000.
  • Benefits
  • Simplified coverage
The client must be able to answer NO to 23 qualifying questions.
  • Lifetime coverage
Coverage lasts for a lifetime with premiums only payable until age 100. The premium rate will never increase during the life of the policy.
  • No citizenship required
The life insured needs to reside in Canada to qualify, making this plan a suitable fit for applicants without citizenship or who are proceeding on the path to obtaining Canadian citizenship.
  • Day one coverage with instant issue

Specialty Life Insurance’s fast application process can be completed entirely online, and we will provide your client with full coverage the same day.

  • Premiums
Premiums for coverage are determined by the applicant’s gender, date of birth, smoking status and coverage amount selected. These premiums will remain level for the life of the policy.


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