Key takeaways:
- Their “Insurance Without Medical Exam” product asks only six eligibility questions online
- Their HuGo Life insurance product accepts applicants quickly
- HuGo coverage does not cover pre-existing conditions
Our Humania life insurance review
Our rating for Humania's life insurance: ★★★★☆ (3.5)
Who is Humania Assurance Inc.?
Humania is a smaller Quebec-based insurance provider that offers simplified access to its term life insurance products. Humania’s goal is to cater to Canadian’s needs at competitive prices. Humania’s family of products is currently composed of two life insurance solutions: Insurance Without Medical Exam and HuGo Life insurance, both for individuals between 18 and 70 years old.
What does Humania offer?
Humania offers an “Insurance Without Medical Exam” product which asks only six eligibility questions online to instantly qualify an applicant with coverage up to $50,000.
Humania’s HuGo Life insurance product promises to accept applicants quickly with coverage from $75,000 to $500,000 and premiums payable for 10 or 20 years. As of 2021, both products exclude pre-existing conditions.
Humania quick facts for 2023
- Founded: 1874
- Headquarters: Saint Hyacinthe, Quebec
- Better Business Bureau Accreditation and Ranking: No/C-*
- Annual premiums: $158 million
- 200,000 clients
- The oldest insurance company in Quebec
* C- BBB rating is based on: failure to respond to 1 complaint(s) filed against the business and the length of time the business has been operating.
Humania life insurance rates for 2023
- $24.75 per month or $305.00 per year for a 35-year-old woman
- $32.40 per month or $360.00 per year for a 35-year-old man
PolicyMe has used technology to remove inefficiencies, and we pass on the savings to you so you can get covered without the big cost.
Humania life insurance: pros and cons
Pros of Humania life insurance
- Insurance Without Medical Exam offers coverage for life insurance, critical illness insurance, and disability insurance. You have the option to sign up for one policy or a combination of up to five policies.
- This insurance option is available for individuals between the ages of 18 and 70. You can get coverage even if you're not currently employed or working.
- You can obtain no medical life insurance coverage ranging from $5,000 to $300,000. The coverage is available for terms of 10, 20, or 100 years, allowing you to choose the duration that suits your needs.
- Term policies can be converted to a permanent plan until the age of 65. This means you have the flexibility to transition to a permanent life insurance policy if desired.
- Renewal of the policy is guaranteed up to the age of 80. This implies that you can continue the coverage beyond the initial term, providing you peace of mind and ongoing protection.
Cons of Humania life insurance
- Humania has a waiting period of 12 to 24 months (depending on the policy purchased) before they will pay out a death benefit for a pre-existing condition. This means that if the insured individual passes away within this waiting period due to a pre-existing condition, the death benefit may not be paid out.
- Humania has limited options when it comes to preferred pricing for healthier individuals. This suggests that they may not offer lower premium rates or more favourable terms for individuals in good health.
- Canada Protection Plan offers a wider range of no medical and simplified life insurance products. It is recommended to compare prices and offerings from Canada Protection Plan against Humania to determine the best option for your needs.
Humania life insurance customer reviews
Positive Humania life insurance reviews
"Humania is a both a solid life insurance company and a tech pioneer. With Artificial Intelligence built into HuGO, its application platform, data is shared with the Medical Information Bureau in real time so your life insurance policy is issued fast!" - James Heidebrecht - Founder of Policy Architects
Negative Humania life insurance reviews
- "My fiance got life insurance on December 7, 2019. After 33 days in hospital being admitted to hospital [redacted] he passed away from [redacted] on January 18, 2020. Health records have been issued from Dec 2014-Jan 2020. Claim has not been paid and Humania keeps asking for more time to process and review. It has been a couple weeks shy of 8 months." - Customer review on BBB
Humania life insurance products
1. HuGO Life Insurance
- Streamlined application process, with tailored questions based on your specific risk profile.
- Majority of applicants insured on the spot in less than 45 minutes, and many in just 15 minutes.
- Personalized underwriting, with no automatic requirements for coverage up to $1M.
- Convenient and hassle-free web-based platform with paper-free applications and no signature required.
- Flexible coverage options to meet all life insurance needs, with terms available for up to $5M and a Dependent Child Life Insurance Rider.
- Benefit from renewable, convertible, and exchangeable options to suit your changing life circumstances.
- Choose from competitive pricing and multiple term choices to select the right level of coverage for your needs.
- Enjoy flexible terms for 10, 15, 20, 25, or 30 years, with guaranteed and renewable premiums.
- Coverage is available up to age 80 with leveled premium.
- Exchange your policy for a longer term or convert it into a permanent one (T100) without insurability proof if your needs change.
2. Insurance Without Medical Exam
- Ideal for individuals who have experienced difficulty obtaining life insurance due to medical or other reasons.
- No medical exam required to subscribe, with only 6 eligibility questions asked online in less than 15 minutes.
- Coverage available through a range of contract types, including Term 10, 20, or 100 years.
- Get instantly issued coverage that is simple to understand and easy to purchase.
- Benefit from online applications and premium rates based on your actual age.
- Disability and Critical Illness insurance are also available with no additional questions asked.
- Enjoy guaranteed renewal until age 80 for 10 and 20 year terms.
- Available to individuals aged 18 to 70.
3. Emma life insurance
- Humania backs the Quebec-based online life insurance solution, Emma.
- Emma is known for offering life insurance for as little as $8 per month, but this is for yearly renewable life insurance. As you probably guessed, the price goes up yearly with no cap.
- Emma now offers term life insurance with premiums that don't go up.
- Can convert their term policies to a whole life one without a medical exam until age 55.
- They sell other companies' whole life policies.
PolicyMe offers affordable, simple and reliable life insurance with family-friendly perks like a 10 per cent couples discount in the first year and $10,000 in free Child Coverage. That's the PolicyMe difference.
Other Humania insurance products
1. Children360 Critical Illness Insurance
- Two levels of coverage: one just for critical illness and another that includes life insurance.
- For children 30 days to 15 years old, payable to the parents.
- Insurance from $10,000 to $50,000
- Premiums stay the same until age 75.
- 37 critical illnesses covered, including many specific to kids
2. Critical Illness (No Medical)
- Ideal for individuals who have experienced difficulty obtaining critical illness insurance due to medical or other reasons.
- Receive up to $100,000 in case of heart attack, cancer, or stroke.
- Only six eligibility questions asked, with no medical exam required.
- Coverage available for individuals aged 18 to 55.
- Benefit from a range of contract types, including Term 10 or 20 years, depending on the option chosen by the insured.
- Covered illnesses include heart attack, cancer, stroke, and coronary surgery.
- Minimum coverage amount of $5,000 and maximum of $100,000.
- Eligibility not based on age or weight, and individuals previously diagnosed with HIV, Diabetes, Cancer, Multiple Sclerosis, or other critical illnesses may be eligible.
- Online application process, with immediate coverage upon receipt of your online application and first premium payment.
- Premium rates based on your actual age, with Disability and Life insurance also available with no additional questions asked.
- Guaranteed renewal until age 65, with a Premium Refund Rider available (75 per cent after 20 years).
3. Prodige Critical Illness
- Get 4 illnesses covered (basic), 24 illnesses (comprehensive) or 25 illnesses (enhanced).
- The extra illness in the enhanced plan is "loss of independence."
- $25,000 to $1 million in coverage, but be aware you probably only need three to six months' worth of your income after taxes.
- Only available up to age 60; the minimum age is 30 days.
- If your diagnosis is non-life-threatening, you get 10 per cent of your coverage amount, up to $10,000.
4. Term Critical Illness
- The first plan covers four illnesses: cancer, heart attack, coronary surgery and stroke.
- The second plan protects you from up to 25 illnesses.
- Coverage amounts range from $25,000 to $1 million.
- Terms are available for 10 to 75 years with the option of converting into permanent life insurance up to age 60 without proof of good health.
- Four riders available including total disability waiver of premium benefit and accidental death and dismemberment benefit.
- There's also an option to get your premiums returned, but these riders tend to be expensive.
5. Other insurance products
- Health insurance
- Mortgage insurance
- Disability insurance
- Accident insurance
- Travel insurance
Bottom line: Great option for no medical life insurance, but look at CPP too
Humania is a good choice for those looking for life insurance coverage without having to do a medical exam.
Humania has easy online applications and instant approval and two no medical options, plus a wide variety of critical illness insurance products.
That said, if you're looking for more options, Canada Protection Plan has the greatest number of no medical life insurance policies in Canada, including term and permanent plans.
FAQ: Humania life insurance review
Is Humania a good life insurance company?
Yes, Humania is a great company for those looking for life insurance coverage without having to go through a medical exam. They offer reliable, affordable and comprehensive coverage in case of an unexpected death.
Who owns Humania insurance?
Humania Assurance Inc. is owned by LS Mutual Management, a mutual management corporation. Humania used to be called "LS Mutual Life Insurance Company," but in 2013 it was renamed "Humania Assurance Inc." to give it a more modern name that is also bilingual.
Want to learn more about other life insurance options? Here are more reviews of Canadian life insurance companies:
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