Quick issue life insurance is designed for Canadians who need coverage fast. Whether you're closing on a home, starting a new business requiring key person insurance, or simply want protection in place quickly, these products deliver rapid approval and immediate coverage - often within 24-48 hours.

Speed of Approval Comparison

Product Type	Decision Time	Coverage Start	Best For
Traditional Underwriting	4-8 weeks	After policy delivery	Best rates, complex cases
Quick Issue	24-48 hours	Upon first premium	Time-sensitive needs
Instant Issue	2-15 minutes	Immediate	Healthy applicants
Guaranteed Issue	Same day	Upon first premium	Health challenges

How Quick Issue Differs

Streamlined Application

Shorter forms with fewer questions speed up the application process significantly.

No Medical Exams

Eliminates weeks of waiting for exam scheduling and results processing.

Electronic Data Access

Instant verification through prescription and medical databases (MIB, IMS).

Digital Delivery

E-signatures and electronic policy delivery eliminate postal delays.

2026 Quick Issue Premium Rates

Sample monthly premiums for quick issue term life (20-year term, non-smoker):

Age	$250,000	$500,000	$1,000,000
30 Male	$22-28	$38-48	$68-86
30 Female	$18-23	$32-40	$56-71
40 Male	$35-44	$62-78	$115-145
40 Female	$28-35	$50-63	$92-116
50 Male	$78-98	$145-183	$275-348
50 Female	$55-69	$102-129	$192-243

Quick issue premiums typically 5-15% higher than traditional underwriting. Rates as of January 2026.

Common Use Cases

Real Estate: Mortgage lenders requiring proof of insurance before closing
Business: Key person or buy-sell agreements with pending deadlines
Family Planning: New parents wanting immediate coverage for their growing family
Travel: Coverage needed before an international trip or relocation
Peace of Mind: Those who simply want protection in place now, not later

Coverage Amounts and Terms

Feature	Quick Issue Term	Quick Issue Permanent
Coverage Range	$100,000 - $2,000,000	$50,000 - $500,000
Term Lengths	10, 15, 20, 30 years	Lifetime
Age Range	18-65	18-75
Typical Decision	24-48 hours	24-72 hours

Common Mistakes to Avoid

Mistake: Waiting until the last minute

Solution: Even quick issue takes 24-48 hours. Start at least a week before any deadline to allow for potential delays.

Mistake: Providing incomplete or inconsistent information

Solution: Discrepancies between your application and database records trigger manual review, slowing the process.

Mistake: Choosing quick issue when instant issue would work

Solution: If you're healthy, accelerated/instant underwriting provides even faster decisions at standard rates.

Mistake: Not having banking information ready

Solution: Coverage begins upon first premium payment. Have your banking details ready to complete the process quickly.

What Could Slow Things Down

While most quick issue applications process rapidly, these factors can trigger additional review:

• Inconsistent information: Mismatches between application and database records
• High coverage amounts: Applications over $1M may require additional verification
• Prescription drug flags: Certain medications trigger follow-up questions
• Recent medical events: Hospitalizations or procedures in past 12 months
• Foreign travel: Recent or planned travel to high-risk areas