Permanent life insurance in Canada. Coverage with no expiry date.

Life insurance with no end date: it stays in force for your entire life as long as premiums are paid, and pays your beneficiaries a tax-free lump sum whenever that day comes. It is the opposite of term insurance, which covers a fixed number of years and then ends.

Whole life pairs lifetime coverage with a savings component (cash value) and costs the most. Universal life adds flexible premiums and investment choices, with more complexity. Oneday’s permanent option is protection-first: lifetime coverage with a level premium that is locked at approval, no investment component to manage, and no medical exam to qualify.

Yes. At Oneday there is no exam, no blood work and no doctor’s note at any age or amount. The application is 14 plain-language health questions plus height and weight, and a decision arrives within 24 hours.

It depends on your answers and age: up to $500,000 with the healthiest answers (to age 70; $150,000 from 71 to 80), $350,000 or $100,000 with a more complicated history, and a guaranteed-acceptance offer of up to $50,000 (to age 50) or $25,000 (51 to 80) that no health answer can remove. Coverage starts at $5,000.

More per dollar of coverage than term, because it never expires. Your price depends on age, sex, smoking status, health answers and the amount; our minimum premium is $20.00 per month, and your exact price is shown on the page during the application, before any payment is taken.

Not at Oneday. Every applicant aged 18 to 80 in a province we serve qualifies for a permanent option. Tougher health answers change the maximum amount, the price and whether a 24-month deferral applies, never whether you get a yes.

On some offers. Healthier answers get full coverage from day one. More complicated histories, and the guaranteed-acceptance offer, carry a 24-month deferral on natural-cause death: accidental death is covered in full from day one, and natural death inside the window returns every premium paid to your beneficiary. After 24 months the full amount is payable for any cause.

No. Once approved, your premium is level and locked for life. It cannot rise because you age or because your health changes, and the coverage cannot be cancelled because of a new diagnosis.

For final expenses and legacy, usually yes: it is the only coverage guaranteed to be in force whenever it is needed, which is why most applicants over 70 choose it. For a need with an end date, like a mortgage balance, term is cheaper while it is available. Many people over 55 hold one of each.

Yes. Oneday term policies convert to a permanent policy up to age 70, without answering health questions again. That is the standard path for people who buy term in their 40s and keep a smaller permanent policy for life.

Seven provinces: Ontario, British Columbia, Alberta, Manitoba, Saskatchewan, New Brunswick and Nova Scotia. We do not currently serve Quebec, Newfoundland and Labrador, Prince Edward Island or the territories.

Oneday TPA Inc. is a third-party administrator. Every policy we issue is underwritten by Humania Assurance Inc., a Canadian life insurer founded in 1874.