Life insurance for newcomers to Canada is more accessible than most people think. You can apply as a permanent resident, work permit holder, international student, caregiver, or accepted refugee, often within months of arriving, and at the same rates Canadian citizens pay. What changes from person to person is how much coverage you qualify for and what documents you will need to unlock it.

Can newcomers get life insurance in Canada?

Yes, newcomers to Canada can get life insurance, and many qualify for substantial coverage amounts. You do not need to be a Canadian citizen, and for most insurance products, you don’t even need a Permanent Resident (PR) card either.

Your specific policy options and limits will depend on your legal status. In Canada, a newcomer typically falls into one of three distinct categories:

• Permanent Residents: New immigrants who have officially received their PR status or Confirmation of Permanent Residence (CoPR)
• Temporary Residents: Individuals living and working or studying in Canada for a designated period, including work permit holders, international students, caregivers, or accepted refugees
• Non-residents: Individuals who own a business or invest heavily in Canada but spend the majority of the tax year living outside the country

Why do newcomers to Canada need life insurance?

Newcomers to Canada need life insurance for the same core reason anyone does: to replace their income and protect the people who depend on them if something happens to them. Since the first few years in a new country come with added financial pressures, that makes coverage especially valuable early on.

Here’s why it matters more than most newcomers expect:

• You are often carrying new debts. Many newcomers take on a mortgage, car loan, or line of credit soon after arriving, sometimes alongside loans taken to fund the move itself. Life insurance clears those debts, so they don’t fall to your family
• Your family may depend on the money you send home. If you support parents, siblings, or children in another country, a policy makes sure that financial support doesn’t stop. The coverage amount you need should account for those obligations, not just your Canadian expenses
• You may not have workplace coverage yet. New arrivals often don’t have group benefits in place, and even when they do, that coverage usually ends if you change jobs. A personal policy stays with you regardless of where or whether you’re employed
• It covers final and repatriation costs. If the worst happens, your family may need to cover funeral expenses or the cost of returning your remains to your home country. Life insurance gives them the funds to handle this without financial strain during an already difficult time
• You lock in low rates while you are young and healthy. Premiums are based on your age and health at the time you apply. Buying early means a lower rate for the life of the policy, and once it’s in force, it stays in force as your immigration status changes, as long as you keep paying

What types of life insurance can newcomers get?

There are two broad types of life insurance in Canada, and eligible newcomers can generally apply for both: 

• Term life insurance: Term life insurance covers you for a set period; usually 10, 20, or 30 years. It’s the most affordable option and the most popular among newcomers and young families. This is what most temporary residents start with
• Permanent life insurance: Covers you for life and can build cash value you can borrow against or withdraw, depending on the policy. The main types are whole life insurance, universal life, and term-to-100. Most people pick whole life insurance out of these three

How much life insurance can a newcomer get in Canada?

The amount of coverage depends on your immigration status and, for work permit holders, your occupation. Permanent residents and certain professionals, like foreign-trained physicians, can qualify for several million dollars or even no fixed cap. Other temporary residents fall somewhere between $250,000 and $2 million. International students and lower-skilled temporary workers generally face tighter limits.

Here’s a quick overview by immigration status. The “typical maximum” is ceilings and not defaults that usually require the right paperwork; it drops to a lower amount.

Coverage limits by immigration status

Note: The range above reflects the limit across the broad panel of insurance companies. Your actual eligibility will depend on factors such as your immigration status, age, health, income, occupation, and supporting documentation.

Life insurance in Canada by immigration status and visa type

Your immigration status affects your eligibility, coverage limits, required documentation, and the companies that best fit your situation. Here is a clear breakdown of life insurance for newcomers to Canada:

Life insurance for permanent residents

Permanent residents get the full shelf. All major insurers treat a PR like a Canadian citizen, offering full coverage, standard underwriting, and no special newcomer rules. Furthermore, there is no mandatory waiting period once your PR status is officially active.

• No waiting period: You can apply as soon as your PR is confirmed; there’s no minimum time-in-Canada requirement. Insurers like Desjardins, BMO Insurance, and Sun Life will cover permanent residents from the day they arrive; they’ll simply confirm your PR status.
• Coverage amount: Your coverage amount is based on your income and net worth, just like a Canadian citizen’s and many insurers (such as Desjardins and iA Financial) apply no fixed cap, so higher earners can qualify for higher coverage limits.
• Full product shelf: You get the full product shelf and the best pricing such as term, whole, universal, and term-to-100, plus all riders and preferred (best-health) rates (offered by insurers like Empire Life), the same options available to any Canadian resident.
• Medical requirements: If you have been in Canada for less than 12 months, applying for larger amounts may still require a paramedical exam plus hepatitis B and C bloodwork. The age that triggers medical evidence isn’t the same everywhere (most insurers use 18; some start younger).

Read the full guide: Life insurance for permanent residents in Canada 

Life insurance for work permit holders and foreign workers

This category sees the widest variation in coverage amounts. A highly skilled professional on a work permit can qualify for millions, while a lower-skilled worker without a PR application on file will face lower limits. Insurers evaluate your profile based on your job’s TEER level under Canada’s National Occupational Classification (NOC).

1. Skilled work permit (TEER 0–1): Managers and university-degree jobs (doctors, engineers, accountants, software developers)

• Top-tier limits: Manulife, RBC, and Sun Life can offer $10M in coverage, and Desjardins has no cap, but each needs a provincial nomination (PNP/QEP) or a filed PR application first. Without one, Manulife drops to its $2M skilled tier and Desjardins to roughly $250K.
• Coverage without PR paperwork: You can still get strong coverage without that paperwork. Beneva offers up to $5M as soon as you arrive (work permit valid 3+ months; a PR acknowledgement is only needed for the disability rider), and Canada Life reaches $5M with an employment contract and proof you’re working in your field.
• Other insurer conditions: Empire Life offers $2M, but only for skilled-professional occupations and only if you live and work in Canada with the intent to stay; BMO’s $2M requires that you’ve already applied for PR (plus 3+ months in Canada and a copy of your work permit).

2. Skilled work permit (TEER 2–3): College diploma or apprenticeship trades (e.g., electricians, dental assistants)

• Standard limits: Beneva, BMO, Empire Life, Manulife, and RBC all offer $2M coverage, and Canada Life goes a little higher at $2.5M. For Empire Life, only skilled-professional jobs get the full $2M; lower-skilled trades (for example, a baker) drop to $500K as coverage.
• Easiest on arrival: Beneva is usually the easiest on arrival. It offers life insurance as soon as you land (as long as your work permit is valid for 3+ months), and only asks for a PR-application acknowledgement if you want to add the disability rider.
• Paperwork for top amounts: Several insurers need extra paperwork for their top amounts. Canada Life wants an employment contract and proof you’re currently working in your field; Manulife and RBC look for a provincial nomination or CSQ at $2M; BMO needs a filed PR application plus 3+ months in Canada; and Sun Life can reach $10M but still requires a PR-application acknowledgement.

3. Lower-skilled work permit (TEER 4–5): High-school or short-training jobs

• Reachable limits: Coverage is tighter, but $1M is reachable. Equitable Life and iA Financial offer $1M, and Sun Life goes up to $2M after two years, though Sun Life needs a filed PR application to get there.
• Without a nomination: Without a provincial nomination, Manulife treats these jobs as “other temporary resident” cases, capped at around $250K.
• Permit and medical requirements: Most insurers want your work permit to be valid 3+ months past your application date, and adults in Canada under a year usually need a paramedical plus hepatitis bloodwork. Riders are often limited until you get PR.

Read the full guide: Life insurance for work permit holders in Canada

Life insurance for Post-Graduate Work Permit (PGWP) holders

A PGWP is an open work permit for someone who has just finished studying in Canada, and insurers treat it as its own tier. Most PGWP holders can get about $1M in life coverage.

• Standard limit: Beneva, Canada Life, Desjardins, Equitable, iA, Manulife, RBC, and Sun Life all offer around $1M of life coverage (Empire Life is the exception at $500K).
• Easiest on arrival: Beneva and Desjardins are the simplest on arrival; both can cover you as soon as you land, as long as your permit is valid.
• Key document: Canada Life needs your PGWP-eligibility letter (form IMM 0127E), and if it hasn’t been issued yet, your study-permit details can stand in.
• Pricing and riders: Since your long-term residency isn’t finalized, premiums can occasionally feature an underwriting loading (up to 250% at select insurers), and preferred health rates or complex optional riders are rarely available. 

Life insurance for international students

This is the tightest newcomer category in terms of coverage limit. International students on a study permit can typically get up to $250,000 in term life, with only a few insurers going higher. 

• Higher-limit exceptions: $250K is the standard, but several insurers go higher. iA Financial and RBC both offer $500K (iA as a flat amount, RBC even if you also work part-time), and Equitable Life can reach $1M for employed students in professional programs (such as medicine, law, engineering, or an MBA) who have been in Canada a year or more.
• Proof of enrollment: You’ll need to prove you’re a full-time student. Most insurers want confirmation of full-time enrollment and a copy of your study permit valid 3+ months past your application; Canada Life and Desjardins also want written intent to apply for PR.
• Insurer exclusion: BMO doesn’t cover international students at all, it’s explicitly excluded.

 Read the full guide: Life insurance for international students in Canada

Life insurance for provincial nominees (PNP) and Quebec-selected (CSQ) applicants

Holding a provincial nomination or a Quebec Selection Certificate (CSQ) is an incredibly powerful asset when applying for insurance. Since it confirms you are on a direct, approved track to permanent residency, major insurers immediately unlock their top-tier coverage limits.

• Top-tier access: With a Certificate of Nomination or CSQ, companies like Desjardins, Manulife, RBC, and Sun Life ($10M) offer their highest tiers; among the best amounts any non-PR can get.
• Coverage on arrival: Many insurers will cover you on arrival. Beneva offers up to $2M as soon as you land (the approval letter is enough; a PR acknowledgement is only needed for the disability rider), and Assumption Life offers $1M with no PR application required at all.
• Verification: Insurers verify the details. Expect them to check your nomination letter or CSQ, your NOC code, and your employment status; some (like Canada Life) also want an employment contract.
• Strictest insurer: BMO is the strictest in this category as it wants a nomination letter, a work permit, a PR application, and 6+ months in Canada.

Life insurance for foreign-trained physicians and skilled professionals

If you are an internationally trained professional whose occupation is recognized on a carrier’s specialized professional list, you will receive some of the most flexible underwriting terms in the newcomer category.

• Eligible occupations: Check that your exact profession is on the list. Eligible occupations vary by insurer but commonly include physicians, dentists, pharmacists, engineers, lawyers, accountants, optometrists, teachers, and MBAs.
• Highest limits: Your occupation can unlock the highest coverage limits available to temporary residents. Desjardins has no cap, and Manulife, RBC, and Sun Life reach $10M; even BMO offers its full shelf (with a PR application, a valid work permit, an employment contract, and 3+ months in Canada).
• Dedicated tiers: Canada Life maintains a dedicated tier specifically for foreign-trained physicians, offering up to $5 million, and Beneva routes them through its top TEER 0/1 tier for $5M as soon as they arrive.
• Proof of practice: Most insurers want proof you’re practising here; typically, a valid work permit plus participation in a provincial professional or medical-practice program.

Read the full guide: Life insurance for foreign-trained physicians and professionals

Life insurance for caregivers and nannies

Foreign nationals working in Canada as caregivers and nannies usually get a mid-range tier in life insurance, with accessible limits starting around $500,000.

• Coverage range: Beneva, RBC, and Equitable Life offer $500K+ (Equitable rises to $1M after two years), while Sun Life and Desjardins jump to higher tiers ($1M–$2M) once you’ve filed a PR application.
• Policy ownership: You usually have to own the policy yourself, not your employer. Insurers like Beneva and Manulife make this a firm requirement.
• Program requirements: Your immigration program may affect your eligibility. Canada Life covers caregivers under the Home Care Working Immigration Pilot and needs your job’s NOC code plus LMIA approval; Empire Life requires you to be in the Live-In Caregiver Program.
• Lower caps: A few insurers are stricter in coverage limits. BMO caps Home Care Workers at $300K (with premiums ratings of up to 250%), and Canada Life and Manulife sit at $250K.
• Permit and rider rules: Most insurers want a work permit valid 3+ months past your application date, and riders are often unavailable until you get PR.

Read the full guide: Life insurance for caregivers and nannies in Canada

Life insurance for spouses and dependents of newcomers

Many insurers allow eligible spouses and dependent children to apply for coverage alongside the primary applicant, although eligibility and coverage limits vary by insurer.

• Standard rule: The usual rule is 50% of the primary person’s coverage. Manulife, Sun Life, RBC, and Empire Life all work this way, and your amount tracks the main applicant’s status and underwriting.
• Most generous insurers: Beneva and Desjardins are the most generous. Beneva can match up to 100% of the spouse’s amount (max $1M, plus $250K for children), and Desjardins applies no cap for spouses of citizens, PRs, or physicians.
• Eligibility restrictions: A few insurers limit who qualifies. Canada Life only covers spouses of foreign-trained physicians or TEER 0/1 workers, and BMO won’t cover a spouse or dependent of a PR applicant unless they’re married to a Canadian citizen or PR.
• Residency and documents: Coverage almost always requires living in Canada, and for spouses of non-PRs, most insurers want the PR-application acknowledgement on file.
• Rider availability: The dependent disability rider isn’t always available. Beneva, for example, has the strongest spouse coverage but doesn’t offer it.

Life insurance for start-up visa holders and immigrant investors

If you are arriving in Canada via an investment or entrepreneur stream, your application is typically routed through standard skilled-worker or PR applicant underwriting rules. However, a few specific carriers provide standalone categories.

• Default routing: Most insurers slot start-up visa holders and investors into their skilled-worker, nomination, or work-permit category, so your coverage amount usually follows the same limit.
• Dedicated programs: Canada Life is the exception. It offers both the Start-Up Visa and the QIIP (Quebec Immigrant Investor Program) about $1M each; the QIIP route also requires your Notice of Intent to select.
• Most generous for investors: Desjardins is the most generous for investors, with no fixed cap, provided you can show proof of participation in the investor program.
• Required documents: Expect to show a PR application or work permit at most insurers to access these amounts.

Life insurance for refugees and protected persons

Once you are formally recognized as a Convention Refugee or a Protected Person by the Immigration and Refugee Board of Canada (IRB), you can secure life insurance to protect your family’s new foundation.

• Coverage cap: $250K is the maximum coverage limit for almost every company, with RBC the exception at $500K. 
• Key document: Your IRB Notice of Decision is the key document. Most insurers need it to confirm you were accepted as a Convention Refugee or Person in Need of Protection before they will consider your application.
• Residency requirements: Some insurers require a minimum period of residence in Canada. Desjardins, Empire Life, and Equitable Life typically want a year in Canada first, while others (such as Sun Life and Beneva) can move sooner with the right documents.
• Insurer exclusion: BMO excludes refugees entirely, so it isn’t an option in this category.

Read the full guide: Life insurance for refugees in Canada

Who can’t get life insurance in Canada?

Some statuses are excluded from life insurance coverage across Canada. If you currently fall into one of these categories, you will need to wait until your legal status changes to apply:

• Visitors, tourists, and business (short-stay) visa holders are excluded from every insurer.
• Super Visa holders (parents and grandparents visiting long-term) are excluded from life insurance. If you’re looking to protect visiting parents, look at Visitors to Canada insurance instead.
• Seasonal workers are excluded almost everywhere (only one insurer, iA Financial, offers a $100K life-only option).
• Asylum seekers still awaiting an IRB decision are not eligible anywhere until the claim is accepted, at which point they move into the refugee category.

How much does life insurance cost for newcomers in Canada?

The actual life insurance cost in Canada is based entirely on individual risk, not your immigration status. A temporary resident, a permanent resident, and a Canadian citizen of the exact same age, gender, and medical background will pay the exact same premium per dollar of coverage.

Your premium is driven by two things:

• Personal factors: age, smoking status, sex, health, family history, occupation, and lifestyle.
• Policy details: term length, coverage amount, and type of insurance.

The table below shows sample monthly premiums for a $500,000, 20-year term policy for a non-smoker in good health:

Quotes for $500,000 in coverage for a 20-year term life insurance policy. Prices based on a non-smoker in regular health.

If you are living and working in Canada as a caregiver or nanny on a work permit, you may qualify for life insurance even if you are not yet a permanent resident. Depending on the insurer, you may be able to get coverage of up to $2 million, along with options such as term, permanent, and no-medical life insurance to help protect your family’s financial future.

Can caregivers and nannies on a work permit get life insurance in Canada?

Yes, caregivers and nannies on a work permit can apply for life insurance in Canada. Most major insurers, such as Assumption Life and Beneva, offer coverage if applicants possess documentation such as a valid work permit or approval under the Home Child Care Provider Pilot or the Home Support Worker Pilot. Additional factors like minimum residency in Canada, health, age, income, and the insurer’s underwriting requirements can affect eligibility as well.

Life insurance for caregivers and nannies on a work permit in Canada: At a glance

*Coverage amounts vary by insurer and are subject to underwriting, income verification, and other insurer requirements

Who is considered a caregiver in Canada?

A caregiver in Canada is an individual who provides ongoing care and assistance to people who need help with daily living. They may work in private homes, healthcare facilities, or community care centres. 

Here are some examples of caregivers in Canada:

• Child caregivers looking after infants and children
• Home support workers assisting seniors with daily activities
• Personal support workers (PSWs)
• Disability support workers
• Live-in or live-out caregivers
• Individuals providing care to people with chronic illnesses or special needs

Who is considered a nanny in Canada?

A nanny is a type of caregiver in Canada who provides childcare services for families. They are typically responsible for supervising and caring for children, alongside assisting them with activities such as bathing, preparing meals, teaching, and more.

What are the eligibility requirements for life insurance for caregivers and nannies in Canada? 

Caregivers and nannies in Canada on a work permit are eligible for life insurance if they possess a valid work permit or authorization under an eligible caregiver immigration pilot. Apart from this, some insurers may have additional requirements, such as:

• Valid work permit or authorization under an eligible caregiver immigration pilot
• Minimum residency period in Canada
• Proof of employment
• Confirmation of a permanent residence (PR) application 

Documents you need to apply for life insurance as a caregiver or nanny on a work permit in Canada

Depending on the insurer, you may be asked to provide one or more of the following documents:

• Confirmation of an application for permanent residence (PR)
• Work permit documentation
• Home Child Care Provider Pilot documentation
• Home Support Worker Pilot documentation

Note: Requirements vary by insurer. Read policy wording for exact eligibility criteria. It is also worth mentioning that most insurers require the applicant, not the employer, to own the policy.

What types of life insurance are available to nannies and caregivers on a work permit in Canada?

Nannies and caregivers who meet insurer requirements and have work permits can choose from several types of life insurance, depending on their financial goals and budget.

Here are the life insurance options available to caregivers and nannies in Canada:

Term life insurance

Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years. It is typically the most affordable type of life insurance because it offers higher coverage at lower premiums, making it a practical choice for caregivers and nannies who want financial protection without a high monthly cost.

Permanent life insurance

Permanent life insurance (such as whole life insurance and universal life insurance) provides lifelong coverage to the holder as long as premiums are paid. These policies usually offer a guaranteed death benefit and may build cash value over time, making them great for long-term financial planning and lasting protection.

No medical life insurance

No medical life insurance lets applicants secure coverage without undergoing a medical exam. It is great for caregivers and nannies with pre-existing health conditions or individuals seeking a faster approval process. 

How much life insurance can a nanny or a caregiver get on a work permit in Canada?

Nannies and caregivers on a work permit in Canada can get up to $2M in coverage, depending on the insurer and their requirements. 

Here’s a quick glance at how much life insurance you can get in Canada as a nanny or a caregiver:

Note: Ranges are illustrative. The amount you qualify for depends on factors such as your age, health, income, immigration status, time living in Canada, and the insurer’s underwriting requirements. Contact our advisors for a coverage plan tailored to your needs. 

Factors that affect how much life insurance you can get as a caregiver and nanny on a work permit in Canada

The amount of life insurance you may qualify for as a nanny or caregiver on a work permit depends on several factors that help insurers assess your long-term ties to Canada and overall risk profile.

In addition to your work permit, income, and health, insurers often look at indicators that show your long-term ties to Canada. The following factors can help increase the amount of coverage you qualify for:

• Your occupation and income level: Higher and more stable earnings can support larger coverage amounts, especially for insurers like iA 
• Permanent residence (PR): An active PR application can demonstrate your intention to remain in Canada long-term. Insurers like Desjardins and Sun Life offer higher coverage amounts to applicants with a PR
• Residency: Some insurers, like Manulife, BMO, and Sun Life, require applicants to stay in Canada for a minimum period of three or six months before applying for coverage

Can you qualify for critical illness coverage as a work permit caregiver or nanny in Canada?

Yes, you can qualify for critical illness insurance as a caregiver or nanny on a work permit in Canada. Most insurers, like Beneva, Empire Life, and Canada Life, will offer coverage based on a work permit and LMIA approval. Some policies might require additional documentation and requirements for eligibility.

Here is a glance at the range of critical illness coverage you can receive as a caregiver or nanny  in Canada:

Note: The coverage amounts shown represent the maximum available for eligible caregivers and nannies based on each insurer’s underwriting guidelines. Your approved coverage may be lower depending on your health, income, financial profile, work permit status, and supporting documentation.

How much does life insurance cost for a nanny or caregiver on a work permit in Canada?

The cost of life insurance for nannies and caregivers can range from $19.71 to $272.43. Premiums are based on age, coverage amount, duration, and health status. While many eligible caregivers pay standard premiums, some insurers may apply premium ratings or coverage restrictions based on their underwriting guidelines and your immigration status.

The sample premiums below are based on a $300,000, 20-year term life insurance policy:

*Actual premiums will vary based on age, gender, health, smoking status, insurer, and policy term.

Why does life insurance matter for nannies and caregivers on a work permit in Canada?

Many nannies and caregivers have financial responsibilities that extend beyond Canada. A life insurance policy can act as a safety net if the policyholder passes away unexpectedly, offering greater financial security for those who depend on the policyholder.

Here’s why life insurance matters for caregivers and nannies on a work permit in Canada:

• Income replacement: Many caregivers support their spouses and other family members financially. Life insurance can replace your income so your dependents are not left without support if the unexpected happens
• Protecting a new mortgage or car loan: Many newcomers take on major financial commitments like purchasing property or cars. Stable life insurance helps cover outstanding debts and reduces the financial burden on your family.
• Funeral and final expenses: A funeral in Canada costs an average of $9,150 and can run as high as $20,000. A life insurance payout can cover these costs directly, reducing the financial burden
• Locking in lower premiums: Buying life insurance earlier can help you secure lower rates and maintain affordable coverage as your financial responsibilities grow over the years

Why do life insurance applications for caregivers and nannies in Canada get declined or delayed?

While nannies and caregivers can get life insurance as a work permit holder in Canada, applications may be delayed, restricted, or declined if certain residency, immigration, or underwriting requirements are not met.

Here’s an overview of major reasons why life insurance applications for caregivers and nannies on a work permit get declined or delayed:

How to purchase life insurance as a nanny or caregiver in Canada?

PolicyAdvisor’s licensed advisors can help caregivers and nannies find the right life insurance policy by comparing coverage, eligibility requirements, and insurer guidelines based on their unique needs. Our advisors can also help you compare quotes from leading Canadian insurers and how factors such as your immigration status, income, and time in Canada may affect your options. 

Whether you are a new caregiver or an experienced nanny on a work permit, our team can guide you through the application process and help you choose a policy that satisfies your financial goals and family needs. 

Life insurance is one of the most important financial decisions a foreign-trained doctor or physician in Canada can make to ensure security and stability for their future. Whether you are a resident on a work permit, an established physician on a medical program, or an incorporated doctor, life insurance serves different purposes at each stage of your career.

Can you get life insurance in Canada as a foreign-trained doctor on a work permit? 

Yes, you can buy life insurance as a foreign-trained doctor in Canada if you hold a valid work permit and live in the country. Most major insurers offer coverage to doctors and physicians, making it easier for them to access higher coverage amounts.

Life insurance for foreign-trained doctors and physicians in Canada: At a glance

What types of life insurance are available to foreign-trained doctors and physicians in Canada?

Doctors and physicians on a work permit can choose among several types of life insurance policies depending on their career, financial goals, and budget. The most common options are term life insurance, whole life insurance, universal life insurance, and term-to-100 coverage.

Here’s an overview of the different types of life insurance policies for doctors in Canada:

What are the eligibility requirements for doctors and physicians for life insurance in Canada? 

Most foreign-trained doctors and physicians in Canada are eligible for life insurance if they possess a valid work permit and participate in a provincial medical practice program. Apart from this, some insurers may have additional requirements, such as:

• Time living in Canada or period of residence in Canada
• An application for permanent residence (PR) or proof of intent to apply
• Participation in a provincial physician program (required by some insurers)

Documents you need to apply for life insurance as a doctor on a work permit in Canada

One of the most important documents that doctors and physicians on a work permit in Canada need to apply for a life insurance policy is a valid work permit or an employment contract. Most insurers will only offer a policy if the applicant presents this document.

Additionally, some insurers may request the following documents:

• Work permit
• Employment contract
• Confirmation of an application for permanent residence (PR)

Note: Requirements vary by insurer. Read policy wording for exact eligibility criteria.

How much life insurance can a doctor or a physician on a work permit get?

The amount of life insurance you can get as a doctor or physician on a work permit in Canada depends on factors such as your employment status, time in the country, and income. Depending on these factors, you can obtain up to $10M in coverage.

Here’s a quick glance at how much life insurance you can get as a doctor or physician in Canada:

Coverage limits and underwriting requirements may vary based on age, income, specialty, immigration status, province, and individual circumstances

Factors that affect how much life insurance you can get as a doctor or physician on a work permit in Canada

The amount of life insurance you can qualify for as a doctor or physician depends on several factors that help insurers assess your long-term ties to Canada and overall risk profile.

In addition to your work permit, income, and health, insurers often look at indicators that show your long-term ties to Canada. The following factors can help increase the amount of coverage you qualify for:

• Occupation and income level: Higher and more stable earnings can support larger coverage amounts, especially for insurers like Assumption Life and iA 
• Permanent residence (PR): An active PR application can demonstrate your intention to remain in Canada long-term. It is also mandatory for some insurers, like Equitable Life and Assumption Life
• Time living in Canada: Some insurers like Empire Life and Equitable Life require applicants to stay in Canada for at least one year before applying for life insurance, while others have a three- or six-month requirement

Can you qualify for critical illness coverage as a doctor on a work permit in Canada?

Yes, you can qualify for critical illness insurance as a foreign-trained physician or doctor in Canada. Since physicians typically fall under TEER 0–1 occupations, many insurers offer higher coverage limits than those available to most other work permit holders.

Here’s a glance at the range of critical illness coverage you can receive as a doctor or physician in Canada:

Note: The coverage amounts shown represent the maximum available for eligible physicians based on each insurer’s underwriting guidelines. Your approved coverage may be lower depending on your health, income, financial profile, work permit status, and supporting documentation.

How much does life insurance cost for a doctor or physician on a work permit in Canada?

The cost of life insurance for physicians and doctors can range from $27.90 to $426.60. Premiums are based on age, coverage amount, duration, and health status. 

The sample premiums below are based on a $500,000, 20-year term life insurance policy:

*Actual premiums will vary based on age, gender, health, smoking status, insurer, and policy term.

How much life insurance do doctors on a work permit need?

The amount of life insurance a doctor or physician needs depends on their income, debt, family obligations, and future financial goals. Additionally, doctors and physicians should also consider their unique circumstances, such as:

• Outstanding medical school loans and other debts
• Mortgage and other living expenses
• Children’s education and future needs
• Spouse’s financial needs and retirement plans
• Business or practice obligations (if you are incorporated)
• Estate planning and tax considerations

However, as a general rule of thumb, doctors and physicians should secure a life insurance policy worth 7 to 15  times their gross annual income to manage expenses at different stages of their lives. Additionally, key life events can prompt a review or reconsideration of their life insurance policies. 

How to choose the right insurance policy for foreign-trained doctors and physicians in Canada?

The ideal life insurance policy for doctors and physicians on a work permit often depends on income level, debt obligations, and long-term financial goals. Additionally, the right policy can evolve throughout their careers, supporting different needs and offering varying levels of protection.

Check out our blog on Life insurance for doctors and physicians in Canada for a deep dive into choosing the right policy

Life insurance for incorporated doctors in Canada 

Incorporated foreign-trained physicians or doctors can use life insurance as a powerful financial planning tool that lets them build an emergency fund and reap the benefits of being a corporate entity, beyond providing a death benefit. 

Many doctors in Canada also practice through a professional corporation (PC). Instead of purchasing life insurance personally, the corporation can own the policy, pay the premiums, and receive the death benefit. The corporation essentially owns the policy, with the doctor as the insured. 

When the physician dies, the insurance proceeds are paid to the corporation’s Capital Dividend Account (CDA), allowing funds to be distributed to shareholders tax-free. This makes it great for tax-efficient use of the earnings and a good option for estate planning and wealth transfer.

Check out our guide on Corporate-owned life insurance (COLI) in Canada for the best way to structure your policy.

How to purchase life insurance for doctors and physicians on a work permit in Canada?

PolicyAdvisor’s licensed advisors help doctors on a work permit, PNP,  or Express Entry find the right life insurance coverage by comparing different policies from Canada’s leading insurers. Our advisors can help you evaluate coverage amounts, policy types, and riders based on individual factors and requirements.

Whether you are a newly licensed physician or an incorporated professional, our team can guide you through the application process and help you choose a plan that aligns with your personal and professional responsibilities.

Many refugees and protected persons wonder if they must become Canadian citizens or permanent residents before they can qualify for life insurance. In reality, some Canadian insurers offer coverage to eligible refugees and protected persons, provided certain residency, documentation, and underwriting requirements are met. 

Can refugees and protected persons get life insurance in Canada?

Yes, approved refugees and protected persons may be eligible to apply for life insurance in Canada. Some insurers, such as Assumption Life and Beneva, offer coverage if applicants possess a valid Notice of Decision from the Immigration and Refugee Board of Canada (IRB).

Additional factors like minimum residency period, health, age, employment status, and financial circumstances can affect eligibility as well.

Life insurance for refugees and protected persons in Canada: At a glance

For the purpose of life insurance, this article refers to approved refugees and protected persons who have received a Notice of Decision from the Immigration and Refugee Board of Canada (IRB).

Who is considered a refugee in Canada?

A refugee is any person who has fled their home country and come to Canada because of a well-founded fear of persecution, war, violence, or risk to life. They may arrive through government-assisted programs, privately sponsored resettlement programs, or a refugee claim after arriving in Canada.

Who is considered a protected person in Canada?

A protected person is an individual who has been recognized by Canadian immigration authorities as needing protection because they would face persecution, torture, risk to life, or cruel and unusual treatment if returned to their home country.

What are the eligibility requirements for life insurance for refugees and protected persons in Canada? 

Eligibility requirements vary by insurer, but refugees and protected persons generally need to meet the following criteria:

• Time in Canada: Many insurers require applicants to have resided in Canada for a minimum period, typically between 3 and 6 months. Some insurers may require up to 1 year.
• Stable employment: Some insurers require applicants to demonstrate stable employment or a reliable source of income in Canada.
• Permanent residence application: Depending on the insurer, you may need to confirm that you have applied for permanent residence (PR) or intend to apply.
• Underwriting requirements: Like all life insurance applicants, refugees and protected persons must meet the insurer’s medical and financial underwriting requirements.

Documents you need to apply for life insurance as a protected person or refugee in Canada

Depending on the insurer, you may be asked to provide one or more of the following documents:

• Notice of Decision issued by the Immigration and Refugee Board of Canada (IRB)
• Proof that you have applied for permanent residence (PR), if required
• A valid work permit, if applicable
• Government-issued identification
• Medical or financial documents requested during the underwriting process

Note: Eligibility requirements and documentation vary by insurer.

What types of life insurance are available to refugees and protected persons in Canada?

 Most refugees and protected persons who meet insurer requirements and have IRB approval may qualify for different types of life insurance, depending on the insurer and the product available. The right policy depends on your financial goals, budget, and coverage needs.

Here are the life insurance options available to refugees and protected persons in Canada:

Term life insurance

Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years. It is often the most affordable option since it offers substantial coverage at relatively low premiums.

Permanent life insurance

Permanent life insurance provides lifelong coverage to the holder as long as premiums are paid. These policies usually include a guaranteed death benefit and may accumulate cash value over time, making them great for long-term financial planning and protection.

Permanent life insurance includes whole life insurance and universal life insurance. Whole life insurance is a popular option since it provides lifelong coverage, a guaranteed death benefit, fixed premiums, and cash value that grows over time. These features make it suitable for long-term financial planning and protecting your family’s financial future.

No medical life insurance

No medical life insurance allows applicants to obtain coverage without completing a medical exam. It is great for those with pre-existing health conditions, individuals seeking a simplified application process, or those who may have difficulty qualifying for traditionally underwritten life insurance. 

How much life insurance can a refugee or protected person get?

Refugees and protected persons in Canada can get up to $500,000 in coverage, depending on the insurer and their requirements. 

Here’s a quick glance at how much life insurance you can get in Canada as a refugee or a protected person:

Note: Ranges are illustrative. Contact our advisors for a coverage plan tailored to your needs.

Factors affecting life insurance coverage for refugees or protected persons in Canada

The amount of life insurance you can qualify for as a refugee or protected person depends on several factors that help insurers assess your long-term ties to Canada and overall risk profile.

In addition to your Notice of Decision, income, and health, insurers often look at indicators that show your long-term ties to Canada. The following factors can help increase the amount of coverage you qualify for:

• Your occupation and income level: Higher and more stable earnings can support larger coverage amounts, especially for insurers like Assumption Life and iA
• Permanent residence (PR): An active PR application can demonstrate your intention to remain in Canada long-term. It is also mandatory for some insurers, like Equitable Life and Assumption Life
• Residency: Some insurers like Empire Life and Equitable Life require applicants to stay in Canada for at least one year before applying for life insurance, while others have a three- or six-month requirement

Can you qualify for critical illness coverage as a refugee or protected person in Canada?

Yes, you may qualify for critical illness insurance as a refugee or protected person. A limited number of insurers, like Beneva and Canada Life, will offer coverage based on your status and Notice of Decision. Some policies might require additional documentation and requirements for eligibility.

Here’s the maximum critical illness coverage currently available from participating insurers: 

How much does life insurance cost for a refugee or protected person?

The cost of life insurance for refugees or protected persons can range from $16.11 to $203.76. However, the premium is based on age, coverage amount, duration, and health status.

The sample monthly premiums below are based on a $200,000, 20-year term life insurance policy:

It must be noted that once you are approved, some insurers apply specific rating adjustments to your premium. Discuss with your advisor if it applies to you.

Why does life insurance matter for refugees and protected persons?

Starting over in Canada often comes with significant financial and personal responsibilities, especially for refugees and protected persons. Since they are focused on securing housing, finding employment, and creating a life, a life insurance policy can act as a safety net if the policyholder passes away unexpectedly.

Here’s why life insurance matters for refugees and protected persons in Canada:

• Supporting family members: Many refugees arrive in Canada with spouses or family members, hoping to build a new life. A life insurance policy ensures they continue to receive financial support even if the policyholder passes away
• Protection from financial setbacks: Refugees and protected persons face major expenses due to housing, transportation, and settlement costs. A policy can help cover outstanding debts and protect surviving members from financial burdens
• Funeral and final expenses: A funeral in Canada costs an average of about $9,150 and can run as high as $20,000. A life insurance payout can cover these costs directly.
• Locking in lower premiums: Buying life insurance earlier can help you secure lower rates and maintain affordable coverage as your financial responsibilities grow.

Why do life insurance applications for refugees in Canada get declined or delayed? 

While refugees and protected persons can qualify for life insurance in Canada, applications may be delayed, restricted, or declined if certain residency, immigration, or underwriting requirements are not met.

Here’s an overview of major reasons why life insurance applications for refugees and protected persons get declined or delayed:

How to purchase life insurance as a refugee or protected person in Canada?

PolicyAdvisor’s licensed advisors can help refugees and protected persons find the right life insurance policy by comparing coverage amounts, eligibility requirements, and insurer guidelines based on their unique circumstances. Our advisors can also help you compare quotes from leading Canadian insurers and help you understand how factors such as your immigration status, income, and time in Canada may affect your coverage options. 

Whether you’re a new refugee or an approved protected person in Canada, our team can guide you through the application process and help you choose a policy that satisfies your financial goals and family needs. 

Permanent residents (PRs) in Canada can buy life insurance and qualify for the same coverage amounts and policy types as Canadian citizens. Applying for life insurance soon after receiving permanent resident status can help protect your family’s financial future, cover outstanding debts such as a mortgage, replace lost income, and provide financial security for your spouse or children. Permanent residents can choose from term life insurance, permanent life insurance, or a combination of both, depending on their financial goals and budget.

Can permanent residents get life insurance in Canada?

Yes, permanent residents can apply for life insurance as soon as they obtain permanent resident status in Canada. Most Canadian insurance companies, like Beneva, Assumption Life, Manulife, Sun Life, and others, offer coverage to eligible PRs. 

Eligibility, underwriting requirements, and maximum coverage amounts may, however, vary based on factors such as age, health, income, length of residency, country of origin, occupation, and travel history. Permanent residents who meet an insurer’s underwriting and financial requirements can generally qualify for the same maximum coverage amounts available to Canadian citizens.

Why should permanent residents buy life insurance soon after getting PR?

Permanent residents should consider applying for life insurance as soon as they acquire PR status, especially if they plan to build their lives in Canada. Applying earlier may help lock in lower premiums while you are young and healthy. Other benefits include: 

• Lock in lower premiums: Life insurance rates are based on age, health, smoking status, and a few other factors. Applying early may help you secure lower premiums that remain fixed for the duration of your policy
• Protect your growing financial responsibilities: Many new permanent residents take on major financial commitments such as a mortgage, car loan, or other debts. Life insurance helps ensure these financial obligations do not become a burden on your family if you pass away unexpectedly 
• Income replacement: If your spouse, children, or other family members rely on your income, life insurance can help maintain their financial stability if something happens to you
• Improve your insurability: As you age, you are more likely to develop medical conditions that can affect your eligibility or premiums. Applying earlier may improve your chances of qualifying for the coverage you need at standard rates

What are the eligibility requirements for permanent residents to get life insurance in Canada?

To qualify for life insurance as a permanent resident, you must meet certain underwriting and residency requirements. Common requirements include:

• Residency status: You must hold valid permanent resident status. Most insurers will require proof of residency, such as a PR card or Confirmation of Permanent Residence (COPR), and expect applicants to be residing in Canada 
• Document requirements: A government-issued ID (like a PR card), a Canadian residential address, and a bank account in the country are some of the documents required to issue life insurance for PRs. Additional documents may be requested depending on the insurer and the coverage amount
• Medical underwriting: You will be required to disclose your medical history. This may involve completing a health questionnaire, blood tests, or a paramedical exam
• Financial suitability: The amount of coverage requested should align with your income, assets, debts, and financial responsibilities. Insurers use this information to determine whether the coverage amount is justified

Do new permanent residents qualify for life insurance immediately after landing?

Yes, many insurers allow new permanent residents to apply for life insurance immediately after arriving in Canada, provided they can prove their PR status and meet the insurer’s eligibility requirements. Many insurers also evaluate you based on your intention to stay in Canada. Those who have just landed in Canada may be asked to provide additional documentation, disclose future travel plans, or complete more extensive medical underwriting.

Can permanent residents get the same life insurance coverage as Canadian citizens?

Yes, permanent residents can generally access the same life insurance products and coverage amounts as Canadian citizens. While some insurers may request additional documentation from newer permanent residents, eligible applicants can often access the same policy options, coverage amounts, and benefits available to Canadian citizens, subject to the insurer’s underwriting requirements

How much life insurance can permanent residents get in Canada?

The amount of life insurance a permanent resident can qualify for depends on their income, debts, family responsibilities, assets, and overall financial profile. The amount needed varies by life stage. Single permanent residents typically need enough coverage to pay off personal debts and final expenses, while those with a spouse, children, or a mortgage often require higher coverage to protect their family’s financial future.

Here is a table illustrating the recommended coverage amount for different profiles:

Disclaimer: The recommended coverage amounts are for illustrative purposes only and may vary based on your income, financial needs, and affordability.

Which life insurance companies offer coverage to permanent residents?

Some of the best life insurance companies including Assumption Life, Beneva, BMO Insurance, Canada Life, Desjardins Insurance, Empire Life, Equitable Life, iA Financial Group, and other leading providers, offer life insurance coverage to eligible permanent residents. Permanent residents are assessed using the same underwriting criteria as Canadian citizens.

This means insurers evaluate factors such as age, health, income, occupation, lifestyle, smoking status, and financial need when determining eligibility and coverage amounts. The exact amount of coverage available will depend on each insurer’s underwriting requirements and the applicant’s individual risk profile. As a result, permanent residents who meet an insurer’s financial and medical underwriting can generally qualify for the same coverage amounts, policy types, and premium rates as Canadian citizens.

How much does life insurance cost for permanent residents?

For permanent residents, the cost of life insurance in Canada is around $22-$35 per month. Here’s a table illustrating the cost of life insurance for male/female non-smokers aged 35 years, $500k coverage for the popular insurance companies:

Disclaimer: These are representative value and the actual premiums may vary

Factors affecting the cost of life insurance for permanent residents in Canada

The cost of life insurance for permanent residents in Canada depends on factors like age, lifestyle, and the applicant’s health. The following are the main factors affecting the premium costs:

• Age: Younger applicants qualify for lower premiums because they are considered lower risk. For example, the cost of a term life insurance policy for a 45-year-old male is around $66.60 per month, while for a 55-year-old male, on the other hand, is around $198.90 per month
• Health status: Your medical history, current health conditions, family medical history, and overall health can significantly impact your premiums. Healthy applicants generally qualify for lower premiums
• Smoking status: Smokers and tobacco users pay higher premiums than non-smokers
• Coverage amount: Higher coverage amounts result in higher premiums because the insurer is taking on greater risk.
• Policy type: Permanent life insurance policies generally cost more than term life insurance because they provide lifelong coverage and may include a cash value component
• Policy term: For term life insurance, longer coverage periods come with higher premiums
• Occupation: Certain high-risk occupations may increase premiums or require additional underwriting 

Do permanent residents pay higher life insurance premiums than Canadian citizens?

No, permanent residents do not pay higher premiums to get life insurance in Canada. The premiums are determined using the same underwriting factors for both Canadian citizens and permanent residents, including the applicant’s age, health status, lifestyle, occupation, and the selected coverage amount. This means permanent residents with similar risk profiles often pay the same premiums as Canadian citizens.

What happens to your life insurance when you become a Canadian citizen?

When you become a Canadian citizen, there will be no change in your life insurance policy. This means that the life insurance policy will remain in force with the same coverage amount, premium structure, and terms and conditions. While there will be no changes, it is still important to inform your insurer and update them accordingly. You must ensure that the insurer has updated your Canadian address and contact details in your life insurance policy.

How to choose the best life insurance policy as a permanent resident with PolicyAdvisor?

At PolicyAdvisor, our licensed advisors will help you select a suitable life insurance policy by comparing quotes from 30+ Canadian insurers. Here are the steps you need to follow:

• Analyse your coverage: Connect with one of our licensed advisors to assess how much life insurance you need based on your income, financial commitments, and other goals
• Compare plans: We will help you compare coverage options and quotes from 30+ Canadian life insurance companies
• Understand your eligibility: Our advisors will help you understand the coverage limits and any underwriting criteria that may affect your application
• Submit your application: Complete your application and provide the required documents, such as proof of permanent resident status, government-issued identification, and any medical or financial information requested by the insurer
• Review and activate your policy: Once approved, carefully review your coverage amount, beneficiaries, policy terms, and exclusions before making your first premium payment 

Schedule a free consultation today and compare life insurance quotes from Canada’s top insurers.

Visitors to Canada, including tourists and Super Visa holders, are generally not eligible to purchase life insurance from Canadian insurers because they do not meet residency and underwriting requirements. While life insurance is available to Canadian citizens, permanent residents, and certain temporary residents, visitors still need financial protection during their stay. To get this protection, they can purchase a visitor insurance policy to cover emergency medical expenses.

Can visitors to Canada buy life insurance?

No, visitors to Canada are not eligible to buy life insurance from Canadian insurers because they do not meet residency and underwriting requirements. Most insurance companies require applicants to have established residency status and established ties to Canada before they can qualify for coverage. 

Visitors are only in Canada temporarily, which makes it difficult for insurers to assess financial obligations, verify medical histories, and evaluate long-term underwriting risks. As a result, most insurers limit life insurance coverage to Canadian citizens, permanent residents, and certain eligible temporary residents, rather than tourists or Super Visa holders.

Who can buy life insurance in Canada?

Life insurance in Canada is available to Canadian citizens, permanent residents, and certain temporary residents who meet an insurer’s eligibility requirements. While coverage options vary by provider, factors such as residency status, occupation, income, and future plans to remain in Canada can all affect eligibility and coverage limits.

• Canadian citizens: Canadian citizens have access to term life insurance, whole life insurance, and universal life insurance policies, subject to standard underwriting requirements
• Permanent residents: Permanent residents get the same access to life insurance as Canadian citizens and can qualify for high coverage amounts offered by Canada’s leading insurers, provided they meet the insurer’s underwriting criteria
• Work permit holders: Individuals with a valid work permit may be eligible for life insurance coverage, although the amount available often depends on factors such as their occupation, income, work permit type, and immigration profile. For example, professionals such as doctors, engineers, and managers may qualify for coverage exceeding $10M, while entry-level or general workers may be eligible for coverage ranging from $250K to $1M 
• International students: International students with a valid study permit and an intention-to-stay letter may qualify for life insurance coverage in Canada. Depending on the insurer and the applicant’s profile, coverage is available in the range of $250K to $500K, although available limits may vary by insurer

Why do Canadian insurers exclude visitors from life insurance coverage?

Insurance companies in Canada restrict coverage to individuals who have an eligible residency status and established ties in Canada. Common reasons visitors are ineligible include:

• Temporary visitor status: Visitors, including tourists and Super Visa holders, are considered temporary visitors and do not meet the residency requirements of most insurers
• Limited ties to Canada: Insurers prefer applicants who have established financial, employment, or family connections in Canada, which visitors may not have
• Inability to verify financial stability: It can be difficult for insurers to assess a visitor’s income, assets, and financial obligations when they are based outside Canada
• Access to medical records: Obtaining and verifying medical records from another country can complicate the underwriting process

Are there any exceptions for visitors seeking life insurance?

The only exceptions for visitors to get life insurance are when their residency status changes. Listed below are a few of these situations:

• Work permit and study permit holders: Visitors who obtain a valid work permit or study permit may become eligible for life insurance coverage. Depending on the insurer, a waiting period or additional documentation may be required
• Life insurance from your home country: Many visitors choose to buy or maintain life insurance in their home country, where insurers can more easily verify their residency, financial information, and medical history

Can visitors buy life insurance after becoming a resident?

Yes, visitors may become eligible for life insurance once they obtain an eligible residency status in Canada. Individuals who transition to permanent residency or obtain a valid work permit or study permit can often apply for coverage, subject to the insurer’s underwriting requirements. 

Eligibility and coverage limits depend on factors such as immigration status, occupation, income, health, and the applicant’s ties to Canada. Once residency and underwriting requirements are met, applicants may gain access to the same life insurance options available to other eligible residents. 

Alternatives to life insurance for visitors in Canada

Instead of life insurance, visitors should consider visitors to Canada insurance, which is travel insurance designed to help cover eligible emergency medical expenses during a temporary stay in Canada. Since visitors are generally not covered by provincial healthcare plans, even a minor medical emergency can result in high out-of-pocket costs. Visitor insurance can help cover:

• Emergency hospitalization
• Emergency medical treatment
• Emergency room visits
• Emergency diagnostic tests, such as X-rays and laboratory tests
• Prescription medications required for a covered emergency
• Ambulance services
• Emergency medical evacuation or repatriation

How is visitor health insurance different from life insurance?

Visitor health insurance helps cover emergency medical expenses incurred during a temporary stay in Canada, while life insurance provides a financial payout to beneficiaries after the insured person’s death.

How can visitors to Canada access life insurance coverage?

Visitors who are not eligible for life insurance in Canada can still explore other options to protect themselves and their families financially.

• Visitors can keep an existing life insurance policy from their home country while staying in Canada, provided the policy remains in force and premiums continue to be paid, ensuring continued financial protection for their beneficiaries
• Some international insurers offer life insurance solutions specifically for expatriates and non-residents, providing flexible coverage options that remain valid even when moving between countries, depending on their residency and eligibility requirements

Some visitor insurance plans include accidental death benefits, repatriation coverage, and travel-related protections. While these benefits are not a substitute for life insurance, they can help reduce the financial impact of unexpected events while visiting Canada.

Not sure which insurance option is right for you? At PolicyAdvisor, our licensed insurance experts can help you compare visitor insurance, international life insurance, and other coverage options based on your residency status and long-term plans. Schedule a free consultation now!

If you’re living and working in Canada on a temporary work permit, you can qualify for life insurance even if you are not yet a permanent resident. Many Canadian insurers offer coverage to work permit holders, including those on open work permits, employer-specific permits, Post-Graduation Work Permits (PGWPs), and Bridging Open Work Permits (BOWPs).

Can you get life insurance in Canada on a work permit? 

Yes, you can buy life insurance in Canada if you hold a valid work permit and live in the country. Most major insurers offer coverage to temporary foreign workers as long as you meet their residence and underwriting requirements. 

What types of life insurance are available to work permit holders in Canada?

Many work permit holders who meet insurer requirements and have a valid work permit can choose from several types of life insurance, depending on their financial goals and budget.

Here are the life insurance options available to work permit holders in Canada:

Term life insurance

Term life insurance offers coverage for a specified period, such as 10, 20, or 30 years. It is often the most affordable option since it provides substantial coverage at relatively low premiums, making it great for new immigrants with little to no financial support.

Permanent life insurance

Permanent life insurance (such as whole life insurance and universal life insurance) provides lifelong coverage to the holder as long as premiums are paid. These policies usually include a guaranteed death benefit and may accumulate cash value over time, making them great for long-term financial planning and future protection.

No medical life insurance

No medical life insurance allows applicants to obtain coverage without a medical exam. It is great for applicants with pre-existing health conditions or individuals seeking a faster approval process. 

What are the eligibility requirements for life insurance on a work permit in Canada?

Eligibility for life insurance in Canada on a work permit is usually open to those with:

• Open work permits
• Employer-specific (closed) work permits
• Post-Graduation Work Permits (PGWPs)
• Those transitioning between permits, such as Bridging Open Work Permit (BOWP) holders

In addition to a valid work permit, insurers also usually require proof that you are currently residing in Canada. Depending on the insurer and the length of your stay in Canada, you may need to undergo a medical exam.

Additionally, time-in-Canada requirements vary by insurer. Some insurers may consider applicants after three months of residence, while others prefer six months or more. For example, RBC, Empire Life, and Canada Life may consider applicants after approximately three months in Canada, while insurers like Manulife often prefer six months of Canadian residency.

However, it is also worth noting that visitors, tourists, business visitors, and Super Visa holders are generally not eligible for traditional life insurance policies. Most insurers require applicants to be living in Canada on a valid work permit or another eligible residency status, though spouses or dependent children of an eligible applicant may sometimes qualify.

What documents do work permit holders require to apply for life insurance in Canada?

Insurers may ask for the following documents when applying for life insurance as a work permit holder:

• A valid work permit
• Government-issued identification
• Proof of Canadian residence
• Employment information

Additionally, if you have been in Canada for less than 12 months, insurers might require you to undergo the following screenings, depending on risk protocols, country of origin, and time in Canada :

• A paramedical exam
• Blood work
• hepatitis B and C screening

How much life insurance can a work permit holder get?

The amount of life insurance you can get on a work permit primarily depends on your TEER level or the National Occupational Classification (NOC). In Canada, a worker’s TEER (Training, Education, Experience, and Responsibilities) category can influence the amount of life insurance coverage they qualify for. 

Most Insurers often use TEER levels as part of their occupational risk assessment. As a result, higher-skilled occupations are typically eligible for higher amounts, while workers in lower levels qualify for lower maximum coverage.

Breakdown of the different TEER levels:

Skilled professionals on a work permit can qualify for up to $10M under policies by Manulife, RBC, and Sun Life, while entry‑level workers without a PR application are often capped at $250,000–$1M.

Here’s a glance at how much life insurance you can get on a work permit based on your TEER level and profession:

Note: Ranges are illustrative. Contact our advisors for a coverage plan tailored to your needs

Can you qualify for critical illness coverage on a work permit in Canada?

Yes, you can qualify for critical illness insurance on a work permit in Canada. Many insurers like Canada Life, Desjardins, and Manulife will offer coverage based on your TEER level. Some policies might require additional documentation and requirements for eligibility

Here’s a glance at the range of critical illness coverage you can receive based on your TEER level as a work permit holder in Canada:

Are riders and add-on benefits available to work permit holders?

Yes, but you’ll likely have fewer options than a Canadian citizen or permanent resident would. Riders like disability income, waiver of premium, and critical illness vary by insurer, occupation, and immigration category, and some are only available once you’ve applied for permanent residence. 

Your TEER classification can also play a role, with management, professional, and skilled trades occupations more likely to have access to certain riders than entry-level or short-training roles. A rider that’s excluded outright with one insurer might still be available, just capped lower, with another, so it’s worth comparing more than one company before settling on a policy.

Factors that affect how much life insurance you can get as a work permit holder

The amount of life insurance you can qualify for as a work permit holder depends on several factors that help insurers assess your long-term ties to Canada and overall risk profile.

In addition to your income and health, insurers often look at indicators that show your long-term ties to Canada. The following factors can help increase the amount of coverage you qualify for:

• Your occupation and income level: Higher and more stable earnings can support larger coverage amounts 
• Permanent residence (PR): An active PR application can demonstrate your intention to remain in Canada long-term
• Provincial Nominee Program (PNP) nomination:  Provincial nomination may strengthen your application and increase available coverage
• Quebec Selection Certificate (CSQ): For applicants in Quebec, a CSQ can indicate progress toward permanent residence
• Employment in Canada: Confirmed job offers or employment contracts, especially in a skilled occupation, are often required to support higher coverage limits.

If you do not have documents such as a PR application, PNP nomination, or CSQ, you may still be eligible for life insurance. However, some insurers like Manulife or RBC may offer lower coverage limits or impose additional underwriting requirements before approving your application. These same factors can also affect which riders and add-on benefits you qualify for.

How much does life insurance cost for a work permit holder?

The cost of life insurance for a work permit holder is based on the same factors as for Canadian citizens and permanent residents, such as age, coverage amount, duration, and health status. Immigration status itself doesn’t automatically increase your premium once you’re approved, though some insurers apply specific rating adjustments for certain categories. Manulife, for example, applies a 250% rating (a premium of about 2.5 times the standard rate) to life coverage for Post-Graduation Work Permit holders specifically.

The type of life insurance you choose will also have a significant impact on cost. Term life insurance is typically the most affordable option and provides coverage for a set period, such as 10, 20, or 30 years. Whole life insurance, which provides lifelong coverage and includes a cash value component, is substantially more expensive and can often cost 5 to 15 times more than a comparable term policy.

The sample premiums below are based on a $500,000, 20-year term life insurance policy:

*Actual premiums will vary based on age, gender, health, smoking status, insurer, and policy term.

Does being on a work permit increase premiums?

Not automatically, since most insurers calculate premiums based on traditional underwriting factors like age, health, and coverage amount, rather than your immigration status on its own. However, as mentioned above, some insurers apply specific rating adjustments to certain newcomer categories. It is recommended to confirm with an advisor whether that would apply to your situation.

Why does life insurance matter for work permit holders?

Many work permit holders have financial responsibilities that extend beyond Canada. In addition to managing living expenses and obligations here, they may also support parents, a spouse, children, or other loved ones in their home country. Life insurance can help protect the people who depend on them by providing a tax-free payout to a named beneficiary if they pass away, helping to cover expenses during a difficult time.

Here’s why life insurance matters for work permit holders in Canada:

• Income replacement: Many work permit holders support their spouses and other family members financially. Life insurance can replace your income so your dependents aren’t left without support.
• Protecting a new mortgage or car loan: Many newcomers take on major financial commitments like purchasing property or cars. Stable life insurance helps cover outstanding debts and reduces the financial burden on your family.
• Funeral and final expenses: A funeral in Canada costs an average of about $9,150 and can run as high as $20,000. A life insurance payout can cover these costs directly.
• Locking in lower premiums: Buying life insurance earlier can help you secure lower rates and maintain affordable coverage as your financial responsibilities grow

Why do life insurance applications get declined or delayed? 

Most work permit holders are approved for life insurance if they provide the necessary documentation. However, applications may be delayed, restricted, or declined if certain residency, immigration, or underwriting requirements are not met.

Here’s an overview of major reasons why life insurance applications for work permit holders get declined or delayed:

What happens to your life insurance coverage when you get PR or leave Canada?

Getting permanent residence (PR) in Canada or leaving the country does not cancel your existing life insurance coverage, since the policy follows the person, not the permit. Once your policy is active and in force, it generally remains valid even if your immigration status changes.

Your coverage continues even if:

You become a permanent resident:

• You do not need to reapply for coverage
• Existing policy remains in force
• No new underwriting is typically required
• Can update your beneficiary information if needed

Your Work permit expires:

• Policy generally remains active
• Coverage continues as long as premiums are paid
• Beneficiaries remain protected under the policy terms

You move outside Canada:

• Most life insurance policies remain valid after relocation
• Temporary travel outside Canada typically does not affect coverage
• If you’re moving somewhere with an elevated travel risk or moving permanently, it is recommended to check with your insurer to confirm your existing policy isn’t affected

You have beneficiaries living outside Canada:

• Beneficiaries do not need to be Canadian residents
• Family members living abroad can receive the death benefit
• Many work permit holders name spouses, children, or parents who live outside Canada as beneficiaries

Refer to policy documents for exact terms, conditions, and residency requirements, as rules regarding international moves, beneficiary payments, and policy servicing may vary by insurer.

How to purchase life insurance as a work permit holder?

PolicyAdvisor’s licensed advisors can help work permit holders find the right life insurance policy by comparing coverage amounts, eligibility requirements, and insurer guidelines based on their unique circumstances. Our advisors can also help you understand how factors such as your occupation, immigration status, income, and time in Canada may affect your coverage options. 

Whether you’re on an open work permit, PGWP, or BOWP, our team can guide you through the application process and help you choose a policy that satisfies your financial goals and family needs. 

International students in Canada can buy life insurance to protect their loved ones from financial hardship if something happens to them. Many top Canadian insurers, including Manulife, Sun Life, Empire Life, and others, offer life insurance to students with valid study permits. The exact coverage limits, eligibility requirements, and premiums, however, vary. Students can use life insurance to cover debts, protect co-signers, and secure affordable coverage while they are young and healthy.

Can international students get life insurance in Canada? 

Yes, international students can get life insurance in Canada. Most Canadian life insurance companies offer coverage to temporary residents, including international students, provided they have a valid study permit, reside in Canada, and meet the insurer’s underwriting requirements.

International students can choose from term life insurance and permanent life insurance: 

• Term life insurance: Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. It is generally the more affordable option. It is well-suited for students who want financial protection during their studies or while paying off debts and supporting family members
• Permanent insurance: Permanent life insurance includes options like whole life and universal life, both of which provide lifelong coverage as long as premiums are paid. Whole life insurance has become an increasingly popular choice, offering predictable premiums and steady cash value growth over time, making it a long-term financial planning tool for students who intend to remain in Canada after graduation or to pursue permanent residency

Why do international students need life insurance in Canada?

Health insurance is generally mandatory for international students, but life insurance isn’t, even though it covers something your health plan doesn’t: protecting the people who depend on you. Some of the common reasons to buy life insurance are as follows:

• Covering outstanding debts: Life insurance can help pay off student loans, private loans, credit card balances, or other debts that may otherwise burden family members
• Protecting a co-signer or guarantor: If a parent has co-signed a student loan, life insurance can help ensure the debt is repaid
• Planning for long-term settlement in Canada: Students who intend to stay in Canada after graduation may purchase life insurance early to lock in lower premiums while they are young and healthy
• Covering final expenses: A policy can help pay for funeral, burial, or repatriation costs, which can be expensive for families living abroad, if anything unforeseen happens to the student

What are the eligibility requirements for international students to get life insurance in Canada?

The exact eligibility requirements to apply for life insurance in Canada vary by insurer and the type of policy you choose. However, most insurers require the following:

• Hold a valid study permit, along with a copy of it as supporting documentation. Beneva Insurance may also require a copy of your study permit
• Be enrolled full-time at a recognized Canadian college, university, or educational institution
• Have a permit that remains valid for at least 3 months beyond the application date
• Have lived in Canada for a minimum period of 3 to 6 months, depending on the insurer
• Insurers like Desjardins require an intention to remain in Canada, such as plans to apply for permanent residency (PR)
• Meet the insurer’s age, residency, and underwriting requirements
• Complete any required health questionnaire or medical underwriting

How much life insurance can an international student get in Canada?

International students can qualify for $250K to $500K in life insurance coverage in Canada. There are some insurers like Equitable Life that even offer up to $1M for students enrolled in certain professional programs like MBA, medicine, optometry, pharmacy, podiatry, teacher’s college, veterinary medicine; however, there are specific terms and conditions for the same. The maximum amount available depends on factors such as your residency status, length of stay in Canada, program of study, employment status, and the insurer’s underwriting guidelines.

Why are life insurance coverage limits lower for international students?

Life insurance coverage limits are often lower for international students because insurers consider temporary residents to be a higher underwriting risk. Some of the reasons why international students get lower coverage limits are as follows:

• Temporary residency status: Students may leave Canada after completing their studies. This increases risk for insurers, as they may have limited visibility into an applicant’s long-term plans, future residency status, and ongoing ties to Canada
• Limited Canadian financial history: Many international students have not lived in Canada long enough to build a credit history, stable income record, or other financial track record, making it harder for insurers to evaluate their risk and offer higher coverage
• Lower insurable income: Coverage amounts are often linked to income and financial obligations, which may be lower for full-time students who do not have a reliable source of income
• Country of origin considerations: International students may travel frequently between Canada and their home country during school breaks or vacations. Depending on the countries they visit and the amount of travel involved, insurers may view this as an additional risk when assessing coverage eligibility and limits

Which life insurance companies offer coverage to international students? 

Several Canadian life insurance companies offer coverage to international students, although eligibility requirements and coverage limits vary. Below is a list of insurers, the maximum coverage they offer, and key eligibility requirements:

Can international students get critical illness coverage in Canada?

Yes, international students can get critical illness insurance in Canada, although their options are more limited than those available to permanent residents and work permit holders. The coverage for critical illness is available through select insurers, with Assumption Life offering the broadest access, while Canada Life, Desjardins, and iA Financial provide coverage of up to $100,000. 

Most insurers require proof of full-time enrollment at a Canadian college, university, or other eligible educational institution, along with a valid study permit and evidence that the student intends to remain in Canada. However, many major insurers, including Beneva, Empire Life, Equitable Life, Manulife, and Sun Life, do not currently offer critical illness insurance to international students.

How much does life insurance cost for international students?

The cost of life insurance for international students depends on factors such as age, health, smoking status, coverage amount, and the insurer’s underwriting requirements. 

The table below shows sample monthly premiums for a 20-year-old non-smoking international student seeking $100,000 of 20-year term life insurance coverage (T20).

Disclaimer: These are representative value and the actual premiums may vary

Factors to consider while buying life insurance for international students in Canada

Since insurers have different underwriting rules for temporary residents, choosing the right policy requires more than simply comparing premiums. Listed below are some of these factors:

• Study permit requirements: Most insurers require you to hold a valid study permit and be legally residing in Canada. Some companies also require your study permit to remain valid for a minimum period after you apply. For example, Equitable Life insurance requires a student visa that is valid for at least three months beyond the application date
• Coverage needs: Your coverage amount should reflect your financial responsibilities. If you have dependents, a co-signed loan, student debt, or family members who rely on your financial support, choose a coverage amount that can help cover those obligations. Choose Equitable Life, iA Financial Group, and RBC Insurance for higher coverage limits
• Intent to stay in Canada: Many insurers prefer applicants who intend to remain in Canada after graduation. If you plan to apply for permanent residency, you may qualify for more insurers, higher coverage limits, and a wider range of policy options
• Life insurance type: Term life insurance is usually more affordable and suitable for temporary financial needs, while permanent life insurance provides lifelong coverage and may build cash value over time. Choose the one that best fits your needs and budget
• Coverage after graduation: If you plan to work or settle in Canada after completing your studies, consider whether the policy can remain in force after your residency status changes. Many policies continue as long as premiums are paid, regardless of whether you later obtain a work permit or permanent residency

Can you keep your life insurance policy after you graduate, move to a PGWP, or get PR?

Yes, you can keep your life insurance policy after graduation, when transitioning to a Post-Graduation Work Permit (PGWP), or after becoming a permanent resident. As long as you continue paying your premiums, your coverage typically remains in force. However, if you permanently leave Canada, some insurers may have restrictions or additional requirements. It is important to notify your insurer whenever your residency or immigration status changes, so that your beneficiaries face no issue with future claims.

How to choose the best life insurance policy as an international student with PolicyAdvisor?

Planning to buy a life insurance policy as an international student? Don’t worry! At PolicyAdvisor, our experienced advisors can help you identify the insurers you are eligible for and compare the best available options. Here are the steps you need to follow:

• Assess your coverage needs: Speak with our licensed advisors to determine how much coverage you need based on your financial obligations, dependents, and plans in Canada
• Compare quotes from multiple insurers: Our advisors will help you compare life insurance options from Canada’s leading insurers that cover international students.
• Review your eligibility: We will help you understand residency requirements, coverage limits, and any underwriting conditions that may apply to your situation
• Complete your application: Submit your documents, such as your passport, study permit, and proof of enrolment, and complete any required health questionnaires
• Review and complete the policy payment: Once approved, review your policy details, beneficiaries, exclusions, and coverage amounts before activating your coverage. Our advisors will help you complete the payment and finish the application process

If you still have any questions about life insurance, schedule a call now with our advisors and get the required assistance. Schedule a call now!

Choosing between Manulife and RBC insurance often means deciding what you value most: a term plan that maps to your mortgage and income timeline, or feature-rich coverage with wellness perks and robust riders. In this guide, we compare Manulife and RBC across key features to help you decide which term life insurance provider may be right for you. Let’s start with the quick verdict.

Quick verdict

Choose RBC insurance if:

• You want custom term selection between 10–40 years (e.g., 22 or 27 years)
• You prefer layered coverage (combine multiple terms like 10 + 20 years)

Choose Manulife insurance if:

• You want access to Manulife Vitality Plus rewards
• You need strong rider options (disability, child, guaranteed insurability)

Royal Bank of Canada (RBC) and Bank of Montreal (BMO) both offer term life insurance designed to provide financial protection for your loved ones. Their policies share several core features, including level premiums during the term, the option to renew coverage at the end of the term, and the ability to convert the policy to permanent life insurance without new medical evidence.

However, the two insurers differ in areas such as term length flexibility, and coverage structure. Here’s a quick verdict on RBC and BMO before we explore the details.

Quick verdict

Choose RBC insurance if:

• You want to pick any term from 10 to 40 years to match milestones (e.g., kids’ graduation, loan payoff).
• You want a lower starting coverage amount with policies starting at $50,000.

Choose BMO insurance if:

• You prefer ready-made terms (10/15/20/25/30 years) that line up with a mortgage or other fixed timelines.
• You prioritize complimentary loss support services for beneficiaries