Canada Protection Plan Review

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About Canada Protection Plan Insurance

The Canada Protection Plan was created in 1992 in Toronto. In 2020, Canada Protection was acquired by its underwriter, Foresters Financial - now the parent company. Since its inception, the Canada Protection Plan made its distinguished mark as the innovator of non-medical life insurance.

Still, until this day, Canada Protection has honed in on this niche, and has further expanded on being a leader in offering even more extensive options for non-medical life insurance that includes coverage for non-aggressive cancers, multiple sclerosis and coronary artery disease.

Canada Protection Plan Key Information

Company NameCanada Protection Plan Inc.
Head Office Address 250 Ferrand Drive, Suite 1100, North York,
ON, M3C 3G8
In Business Since 1992
A.M. Best Rating A
Financial Assets$539 Billion
Terms and Conditions

Popular Products

Simplified Elite Life Insurance

Simplified Elite Life insurance is a NO MEDICAL required plan that is designed for Canadians who are PHYSICALLY HEALTHY or who are active in extreme sports or for someone who wants to get lifetime coverage fast. This plan offer up to $500,000 insurance coverage.

Deferred Elite Life Insurance

Deferred Elite Life insurance is a NO MEDICAL required plan that is designed for Canadians with LESS SERIOUS HEALTH ISSUES or those who were previously declined by other insurance providers but still want to have permanent life insurance.

Preferred Elite Life Insurance

Preferred Elite Life insurance is an UNDERWRITTEN plan that is designed for HEALTHY Canadians who want fast processing coverage with the best rates. This plan offer up to $1,000,000 of coverage is available.

LifeCare T10 Critical Illness Insurance

LifeCare T10 plan is a 10-year Term Critical Illness insurance with renewable coverage up to age 75 and pays you a lump sum amount if ever diagnosed with one of the 21 covered critical illnesses.

Travel Medical Insurance

Travel Medical Insurance plan covers emergency medical costs for you and your family while you are outside of Canada or just outside your province.This plan offers many options such as Insurance for Snowbirds, Insurance to Cover a Single Trip or Vacation, Annual Multi-Trip Insurance and Trip Cancellation Insurance.

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