If you were born between 1945 and 1985, you may still be able to apply for life insurance that provides a lump‑sum payout to your chosen beneficiaries. Depending on your age and circumstances, some plans can offer as much as $250,000 in coverage to help with costs such as household bills, outstanding balances and other financial commitments.
How this type of cover can fit into your plans
Think of life insurance as a way to create a financial cushion for the people who rely on you. A tax‑free payment could help loved ones stay in the home they know, manage debts more comfortably and take the time they need to adjust, rather than making rushed money decisions.
- Coverage amounts up to around $250,000 may be available, subject to age and underwriting.
- Many products use a series of health and lifestyle questions instead of a full medical exam.
- Plans are designed specifically with Canadian residents in mind.
Living in a qualifying Canadian postal code and being within the 1945–1985 birth range may allow you to explore these options. The earlier you check what is available, the more flexibility you may have.
Why some Canadians are taking a fresh look at life insurance
Through Canadian Opportunity, you can be introduced to licensed insurers in Canada who focus on helping people in your age group. With just a few details, they can usually prepare quotes that show how much cover you might be eligible for and what it could cost each month.
For many households, this is about putting one more layer of protection in place so that the people they care about are not left to manage every expense on their own.
“We wanted something straightforward that would help our family if the unexpected happened. Having a payout lined up gives us one less thing to worry about.”
Diane, 63, British Columbia
Common questions about getting cover at this stage of life
“Will I automatically be declined because of my age?”
There are life insurance solutions designed for Canadians in their 50s, 60s and 70s. The cost and level of cover will depend on your age, answers to health questions and insurer criteria, but being older does not always mean you have no options.
“Does it take a long time to find out my options?”
Once you complete the quick questionnaire on this page, a partner of Canadian Opportunity can typically talk you through potential plans and estimated pricing in a relatively short period of time.
“Is this only useful if I have a large estate?”
Many people use life insurance simply to make sure short‑term expenses are covered, or to leave a modest gift that can help their family stay more financially stable.
What to expect after you complete the short form
After you answer the questions, a licensed adviser or insurance specialist from one of our partners can explain which plans you may qualify for and what they might cost. You stay in control of how much cover you apply for, and whether you take things further.
*Canadian Opportunity acts as a life insurance comparison and introduction service. When you request information, your details are shared with a limited number of licensed Canadian insurers or brokers so that they can contact you about potential policies.
*Any reference to example premiums or cover amounts is for illustration only. The products, benefit levels, prices and savings available to you will depend on the insurer’s underwriting rules and your own circumstances and therefore cannot be guaranteed.