Retirement should be a time to enjoy your freedom, hobbies, and family — not worry about leaving behind unexpected expenses. With the Excelsior Guaranteed Life Insurance Plan, retired Canadians can still get reliable, affordable protection designed to help cover final expenses, funeral costs, and outstanding debts.
Even if you didn’t have life insurance before retiring, or recently lost workplace benefits, you still have options. Our simple, hassle-free process makes getting coverage straightforward and stress-free.
Many retirees think they’ve waited too long to apply — but that’s not true. Our plan provides guaranteed acceptance for eligible applicants, without medical exams, needles, or in-person appointments.
This coverage is ideal for Canadians looking for:
Even if you’ve been declined before, you may still qualify with Guaranteed Insurance. See if you meet our eligibility requirements.
Our plan is built to provide simple, predictable, and long-lasting protection for retired Canadians.
Looking to learn more about Excelsior Guaranteed Life Insurance? Visit our FAQs page.
We know applying for life insurance with a pre-existing condition can raise questions. Here are a few quick answers:
No. Retired Canadians may qualify if they meet the plan’s basic eligibility criteria.
No. Approval does not require any medical tests.
You must be a Canadian citizen or permanent resident (for at least 6 months), age 18–80, and able to answer “No” to: “Have you been diagnosed with a life expectancy of 24 months or less, or are you in the hospital or terminally ill?” Check full details on our Eligibility page.
Yes. Once approved, premiums remain fixed and your coverage stays in force for life.
The payout is tax-free and can be used for funeral costs, final bills, or other financial needs.
Visit our Benefits page for guides and tips.
