Canadian Life Insurance Made Simple.
Licensed brokers serving Ontario & Alberta. Compare term, whole life, and critical illness coverage from 17 of Canada’s top insurers — no medical exam, no obligation.
Get Covered in Just 3 Simple Steps
No medical exam, no pressure, no obligation. Just honest guidance and your personalized rate from a licensed Canadian advisor.
Answer a Few Questions
Complete our quick 60-second form — a few simple questions about you and the coverage you’re looking for. No medical exam required.
Review Your Quote
A licensed advisor compares 17 of Canada’s top insurers and walks you through your best options — clearly, with no pressure.
Get Covered Fast
Once you choose, we handle the application. Many clients are approved and protected within 24–48 hours.
Trusted Life Insurance for Canadian Families
We are an independent, licensed life insurance brokerage serving Canadians across Ontario and Alberta. Our advisors work for you — not the insurers — so you always get honest guidance and the best available rate. Whether you’re in Newmarket, Toronto, Calgary, Edmonton, or anywhere in between, we shop 17 of Canada’s top insurers to find the right coverage at the right price.
17 Insurer Partners
More options and better rates than any single insurer.
Licensed & Independent
FSRA-licensed advisors who work for you, not a quota.
No Pressure, No Jargon
Clear, honest advice at zero cost and zero obligation.
Fast & Fully Remote
Quote to coverage by phone — often within 24–48 hours.
Which Coverage is Right for You?
Three simple ways to protect your family. Compare at a glance, then get your exact rate from a licensed advisor in about 60 seconds.
Funeral & Final Expense
A simple whole life policy that covers funeral costs, final bills, and leaves a little behind — so your family is never left with the burden.
- Coverage that never expires
- Premiums locked in for life
- No medical exam to qualify
- Fast, easy approval
Affordable Family Protection
The most coverage for the lowest cost — ideal for protecting your mortgage, income, and family during your working years.
- Highest coverage, lowest price
- 10, 20, or 30-year terms
- Covers mortgage & income
- Convert to permanent later
Lifetime Coverage That Builds Value
Lifelong protection plus tax-advantaged cash value that grows over time — and can even create tax-free income in retirement.
- Guaranteed lifetime coverage
- Builds tax-advantaged cash value
- Earns annual dividends
- Option to pay up in 20 years
Don’t Take Our Word For It
See what Canadians are saying about working with North Shield Financial.
Independent Advice. Better Rates. Real Protection.
We Shop. You Save.
One application, 17 top Canadian insurers compared — we find the strongest rate for your age, health, and budget.
Advice You Can Trust
Licensed, independent advisors paid by the insurer — never by you. No quotas, no pressure, ever.
Covered in Days, Not Months
No medical exam on most policies. Many clients are fully protected within 24–48 hours of their first call.
No One Turned Away
Smoker, diabetic, over 65, or declined before — we know which insurers say yes.
Life Insurance Coverage Options
From affordable term plans to permanent wealth-building policies — the right solution for every stage of life.
Term Life Insurance
Affordable coverage for 10–30 years. Ideal for protecting your family, income, or mortgage.
Read MoreWhole Life Insurance
Lifelong coverage with guaranteed premiums and growing tax-free cash value.
Read MoreUniversal Life Insurance
Flexible permanent coverage with a tax-sheltered investment account built in.
Read MoreParticipating Whole Life
Permanent coverage with annual dividends — Canada's most powerful long-term policy.
Read MoreCancer Protection
Tax-free lump sum paid on a cancer diagnosis — use it however you need.
Read MoreCritical Illness
Tax-free lump sum for 25+ serious conditions including cancer, heart attack & stroke.
Read MoreLife Insurance Questions Answered
Honest answers to the most common questions Canadians ask about life insurance. Still have questions? Get a free quote or call 416-350-7727.
It's especially popular for Canadians aged 50-85 because:
• Approval is often guaranteed regardless of health
• No medical exam required
• Coverage usually starts immediately or after a brief waiting period
• Premiums never increase
• The death benefit is paid tax-free to your beneficiary, usually within 1-2 weeks
The average Canadian funeral now costs $8,000-$15,000. Final expense coverage ensures your family isn't burdened with these costs during an already difficult time.
The best options for Canadian seniors include:
• Final expense / burial insurance: $5,000-$25,000 in guaranteed coverage
• Simplified issue term: Up to $500,000 with health questions only
• Permanent whole life: Builds cash value and never expires
Life insurance benefits paid to your beneficiary are 100% tax-free in Canada and bypass probate entirely — making it one of the most efficient ways to transfer wealth to your loved ones.
If you want higher coverage amounts or the lowest possible rate, a fully underwritten policy with a paramedical exam may be required. The exam is completely free, takes 20-30 minutes, and is done at your home at a time that works for you. It typically includes basic measurements, blood and urine samples.
Guaranteed issue policies require no medical questions at all but have lower coverage limits (typically $25,000-$50,000) and higher premiums. These are popular for seniors and those with serious health conditions.
Common pre-existing conditions we regularly find coverage for include: diabetes (Type 1 and Type 2), high blood pressure, high cholesterol, depression and anxiety, heart conditions, sleep apnea, cancer survivors, and obesity. Your options may include standard rates, coverage with a small premium increase ("rated"), exclusion of the specific condition, or simplified/guaranteed issue policies that don't require detailed medical questions.
Whole life insurance covers you for your entire life with fixed premiums that never increase. It builds guaranteed tax-sheltered cash value over time that you can borrow against. Whole life costs 5-15 times more than equivalent term coverage but provides permanent protection and a guaranteed payout. Most Canadians start with term during their working years and add or convert to permanent coverage later.
• Outstanding mortgage balance
• Other debts (car loans, credit cards, lines of credit)
• Number of dependents and their ages
• Children's future education costs
• Final expenses (funeral, burial — typically $15,000-$25,000)
• Your spouse's income and ability to maintain the household
Our advisors provide a free personalized needs assessment to help you calculate the right amount.
• Same-day to 48 hours: Simplified issue policies with no medical exam, only health questions
• 1-2 weeks: Standard term life policies with a health questionnaire only
• 3-6 weeks: Fully underwritten policies requiring a paramedical exam and medical records review
Coverage takes effect the moment your policy is officially issued and your first premium payment is received. Some policies offer instant temporary coverage from the day you apply.
• You own the policy — not the bank. Your family receives the payout to use however they need.
• Coverage stays constant — bank insurance shrinks as your mortgage balance decreases, but you pay the same premium.
• It follows you — switching banks or refinancing? Your personal policy stays. Bank insurance ends.
• It's usually cheaper — personal term life is typically 30-50% less expensive than bank mortgage insurance for the same coverage.
• Guaranteed approval at issue — bank mortgage insurance often denies claims after the fact due to post-claims underwriting.
If you currently have bank mortgage insurance, we can usually replace it with better personal coverage at a lower cost.
Additional tax benefits include:
• Death benefits bypass probate entirely — no fees, no delays
• Cash value inside permanent policies (whole life, universal life) grows tax-deferred
• Policy loans against cash value are generally not taxable income
• Corporate-owned life insurance can pay benefits tax-free to shareholders through the Capital Dividend Account (CDA)
• Premiums for personal life insurance are not tax-deductible, but the tax-free payout more than offsets this
Always consult with a tax professional for advice specific to your situation.
Critical illness insurance pays a tax-free lump sum directly to you if you're diagnosed with one of 25+ covered conditions like cancer, heart attack, stroke, MS, kidney failure, or organ transplant — while you're still alive. You can use the money however you need: medical treatments, mortgage payments, travel for treatment, replacing lost income during recovery, or anything else.
Many Canadians carry both types of coverage because they protect against different risks. 1 in 2 Canadians will be diagnosed with cancer in their lifetime, and 1 in 3 will develop heart disease or have a stroke — critical illness insurance ensures you have financial resources to focus on recovery, not bills.
• 17 insurers compared: We shop multiple companies to find your best rate and approval odds
• No cost to you: Our service is completely free — we're compensated by the insurer, not you
• Better odds with health conditions: Different insurers rate the same condition differently. We find the most favourable one for you
• Unbiased advice: We work for you, not any single insurer
• One application, multiple options: Save hours of comparison shopping
• Ongoing service: If your needs change, we can review your coverage and switch insurers without you starting over
Comparing multiple insurers often uncovers meaningfully lower premiums for the exact same coverage.
All consultations can be done by phone, video call, or in person where appropriate. The application and approval process is fully remote, meaning you can get covered without leaving home regardless of where you live in Ontario or Alberta.
• Premiums are dramatically lower: A 25-year-old non-smoker may pay $20/month for $500,000 in term coverage. The same coverage at age 45 could cost $90+/month.
• You lock in your health rating: Most policies are level-premium, meaning the rate at signup is the rate forever. If you develop a health condition later, your existing policy is unaffected.
• Convertible options: Most term policies can be converted to permanent coverage at any time without a new medical exam — even if your health changes.
• Lifetime cost savings: Buying at age 25 vs. 45 can save you tens of thousands of dollars over the policy's lifetime.
Even if you don't think you "need" coverage yet, locking in a low rate while young is one of the smartest financial decisions you can make.
Ready to Get Protected?
No obligation, no pressure — just honest guidance and a free personalized quote from a licensed Canadian advisor.