Life insurance for Canadians with diabetes

If you’re living with diabetes, it’s easy to assume life insurance will be complicated — or simply out of reach. But for many Canadians, that isn’t the case.

Yes, diabetes can sometimes mean higher premiums or certain coverage limits. But with the right approach — and the right type of policy — it’s absolutely possible to find coverage that fits your needs and budget.

Let’s walk through the most common options.

1) Guaranteed Life Insurance

This type of life insurance was designed for people who may have difficulty qualifying due to health conditions — including diabetes.

Why people choose it:

• No medical exams required
• Only one health-related qualifying question: “Have you been diagnosed with a life expectancy of 24 months or less, or are you in the hospital or terminally ill?”
• Coverage is up to $50,000

For many Canadians, a Guaranteed plan is a practical way to secure coverage when they want something simple, predictable, and easier to qualify for.

2) Simplified Life Insurance

If your diabetes is well-managed, a Simplified plan can be a great option.

What to expect:

• No medical tests
• You answer a short health questionnaire
• Your coverage amount and rate depend on your answers, and can be up to $500,000

This option often works well for people who want a simpler application — while still aiming for more flexibility than guaranteed plans.

Compare your options and see what coverage may be available today — it only takes a moment to get started.

Step 1: Click “Get Your Free Quote”
Step 2: Fill out the form to request a tailored quote from a licensed advisor
Step 3: Apply by phone and receive your policy by email — that’s it! Simple, private, and guided by a licensed professional.