Canada Protection Plan (CPP)

Products & Services

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  Guaranteed Acceptance Life Insurance

  Guaranteed Acceptance Life Insurance is a Guaranteed Issue Whole Life Insurance product from Canada Protection Plan designed for individuals who may not qualify for traditional or simplified life insurance due to age or health conditions. No medical exams and no health questions are required, and acceptance is guaranteed for eligible applicants. As a Whole Life Insurance policy, it provides permanent lifetime coverage with level premiums. For non-accidental death during the first two policy years, the benefit is generally limited to a return of premiums paid plus applicable interest, while the full death benefit becomes payable after the waiting period or immediately in the event of accidental death.

• Deferred Life Insurance

  Deferred Life Insurance is a Whole Life Insurance product from Canada Protection Plan designed for individuals who may not qualify for traditional life insurance because of their health. No medical exam is required, and only a limited number of health questions are asked, making it one of the easiest permanent life insurance products to qualify for. As a Whole Life policy, it provides lifetime coverage, level premiums, and guaranteed cash value. For non-accidental death during the first two policy years, benefits are subject to the policy's deferred benefit provisions, after which the full death benefit becomes payable according to the policy terms.

• Deferred Elite Life Insurance

  Deferred Elite Life Insurance is a simplified issue Whole Life Insurance product from Canada Protection Plan that provides permanent lifetime coverage without requiring a medical examination. Applicants qualify by answering a health questionnaire, allowing individuals who may not qualify for fully underwritten life insurance to access permanent coverage through a simplified underwriting process. As a Whole Life Insurance policy, it offers lifetime protection, level premiums, and guaranteed cash values, making it an excellent option for those seeking easier qualification while receiving enhanced benefits compared to Deferred Life Insurance.

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  Simplified Elite Life Insurance

  Simplified Elite Life Insurance is a simplified issue Whole Life Insurance product from Canada Protection Plan that provides permanent lifetime coverage without requiring a medical examination. Instead of traditional medical underwriting, eligible applicants qualify by answering a series of health questions. As a Whole Life Insurance policy, it offers lifelong protection, guaranteed level premiums, and guaranteed cash values beginning in the fifth policy year, making it an ideal solution for Canadians seeking permanent life insurance through a faster and simpler application process.

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  Preferred Life Insurance

  Preferred Life Insurance is a fully underwritten Whole Life Insurance product from Canada Protection Plan that provides permanent lifetime coverage for individuals in good health. Unlike simplified issue products, this policy requires full medical underwriting, allowing eligible applicants to access competitive premiums and comprehensive lifelong protection. As a Whole Life Insurance policy, it provides guaranteed lifetime coverage, level premiums, and guaranteed cash values, making it a strong choice for Canadians seeking long-term financial security and estate protection.

• Preferred Elite Life Insurance

  Preferred Elite Life Insurance is a fully underwritten Whole Life Insurance product from Canada Protection Plan designed for individuals in excellent health. This policy provides permanent lifetime coverage and requires a comprehensive medical underwriting process, which may include a detailed health questionnaire, medical examination, and other underwriting requirements. Eligible applicants may qualify for preferred premium rates. As a Whole Life Insurance policy, it offers guaranteed lifetime protection, level premiums, and guaranteed cash values, making it an ideal solution for Canadians seeking long-term financial security and estate planning.

• Deferred Elite Term Life Insurance

  Deferred Elite Term Life Insurance is a simplified issue Term Life Insurance product from Canada Protection Plan that provides affordable coverage for a selected term without requiring a medical examination. Eligibility is determined through a health questionnaire, making it suitable for individuals who may not qualify for fully underwritten term insurance while still requiring temporary financial protection.

• Simplified Elite Term Life Insurance

  Simplified Elite Term Life Insurance is a simplified issue Term Life Insurance product from Canada Protection Plan that provides affordable life insurance coverage for a selected term without requiring a medical examination. Applicants qualify by answering a comprehensive health questionnaire instead of completing traditional medical underwriting. This policy offers level premiums throughout the selected term and is designed for individuals who want easier access to term life insurance while still qualifying for higher coverage and enhanced underwriting compared with Deferred products.

• Preferred Term Life Insurance

  Preferred Term Life Insurance is a Term Life Insurance product from Canada Protection Plan designed for individuals in good health who want affordable life insurance coverage for a specific period. Available in 10-, 20-, and 25-year term options, it provides immediate coverage with level premiums during the initial term. For eligible applicants, no medical exam is required for coverage amounts up to $500,000, and level term policies are renewable and convertible to eligible permanent life insurance before the conversion age.

• Express Elite Term Life Insurance

  Express Elite Term Life Insurance is a simplified issue Term Life Insurance product from Canada Protection Plan that provides temporary life insurance coverage without requiring a medical examination. Applicants complete a short health questionnaire instead of undergoing traditional medical underwriting, allowing for faster approval. The policy offers level premiums for the selected term and is designed for individuals seeking a quick and convenient way to obtain term life insurance while maintaining access to competitive coverage options.

• Preferred Elite Term Life Insurance

  Preferred Elite Term Life Insurance is a fully underwritten Term Life Insurance product from Canada Protection Plan designed for individuals in excellent health. It provides affordable life insurance protection for a selected term with competitive premium rates available through full medical underwriting. Applicants complete a comprehensive health assessment, and eligible individuals may qualify for preferred rates. This policy offers level premiums throughout the selected term and can help protect a family's financial future, replace income, or cover outstanding debts during the policy term.

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  Cardiac Protect Critical Illness

  Cardiac Protect Critical Illness is a Critical Illness Insurance product from Canada Protection Plan that provides a tax-free lump-sum benefit if the insured is diagnosed with a covered heart-related critical illness and meets the policy requirements. Designed specifically to help protect against the financial impact of serious cardiac conditions, this coverage can help pay for medical expenses, household bills, income replacement, rehabilitation, or any other financial needs during recovery. The benefit is paid directly to the policyholder and may be used for any purpose.

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  Cancer Protect Critical Illness

  Cancer Protect Critical Illness is a Critical Illness Insurance product from Canada Protection Plan that provides a tax-free lump-sum benefit if the insured is diagnosed with a covered cancer and meets the policy requirements. Designed specifically to help reduce the financial burden associated with cancer, this coverage can help pay for medical treatments, prescription medications, travel expenses, household bills, income replacement, or any other financial needs during recovery. The benefit is paid directly to the policyholder and may be used for any purpose.

• Cardiac AND Cancer Protect Critical Illness

  Cardiac AND Cancer Protect Critical Illness is a Critical Illness Insurance product from Canada Protection Plan that provides a tax-free lump-sum benefit if the insured is diagnosed with a covered heart condition or covered cancer, subject to the policy terms and conditions. By combining protection for both cardiac conditions and cancer within a single policy, it helps reduce the financial impact of two of the most common serious illnesses. The benefit can be used for medical expenses, rehabilitation, income replacement, household bills, or any other financial need during recovery.

• Cardiac OR Cancer Protect Critical Illness

  Cardiac OR Cancer Protect Critical Illness is a Critical Illness Insurance product from Canada Protection Plan that provides a tax-free lump-sum benefit if the insured is diagnosed with either a covered heart condition or a covered cancer, subject to the policy terms and conditions. This policy offers focused protection against two of the most common critical illnesses through a simple and affordable solution. The benefit is paid directly to the policyholder and may be used for medical treatment, rehabilitation, income replacement, household expenses, or any other financial need during recovery.

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