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- Humania's HuGO term life insurance offers $50,000 to $5 million in coverage with 10-, 15-, 20-, 25- and 30-year terms, as well as coverage to age 80
- Humania term life insurance no-medical policies offer coverage up to $1 million for eligible applicants
- IWME Guaranteed Issue policy provides coverage of up to $100,000 without any underwriting
- Humania offers conversion privileges on eligible policies, allowing some term coverage to be converted without new evidence of insurability
Humania Assurance offers a wide range of life insurance products designed for Canadians with different health profiles and underwriting needs. The lineup ranges from fully underwritten term insurance through HuGO to simplified and guaranteed issue coverage through its Insurance Without Medical Exam (IWME) policies.
HuGO is Humania’s primary fully underwritten term life insurance solution. It provides between $50,000 and $5 million in coverage, with terms of 10, 15, 20, 25 or 30 years and a fixed term to age 80 or 100. Meanwhile, the IWME policies offer coverage up to $1 million, depending on eligibility.
The cost of life insurance from Humania ranges between $12.06 and $49.50 for $100,000 in coverage for a 10-year term. The premiums depend on your age, smoking status, health, coverage amount, selected term, and the type of underwriting you qualify for.
Quick review
- PolicyAdvisor rating: 4/5
- Best for: Canadians seeking flexible term options or accessible simplified and guaranteed issue life insurance
- Skip if: You need more than $5 million in fully underwritten life insurance coverage
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About Humania Assurance
Humania Assurance is a Canadian life and health insurance company founded in 1874, headquartered in Saint-Hyacinthe, Quebec. With over 150 years in service, it is one of the oldest life and health insurers in Canada. They provide insurance coverage to over 200,000 clients and mutual members across the country.
Humania Assurance specializes in life, critical illness, and disability insurance, with a strong focus on streamlined digital underwriting and accessible coverage. The insurer’s life insurance portfolio is notable for catering to different health profiles through the HuGo and IWME products. Backed by more than a century of experience, it remains a leading insurer for individuals, families, professionals, and business owners.
Humania Assurance’s financial strength (As of 2026)
| AM Best Rating | A+ |
| Insurance Revenue | $200M |
| LICAT Ratio | 185% |
| Total assets | C$678 M |
Disclaimer: Figures and ratings are based on the latest available information and may change over time
What is Humania term life insurance?
Humania offers term life insurance through HuGo and its Insurance Without Medical Exam (IWME) products. Depending on the product selected, coverage may be renewable and convertible, providing financial protection for a set term or to a specified age. If the insured person passes away while the policy is in force, Humania pays a tax-free lump-sum death benefit to the named beneficiary, subject to the policy’s terms and conditions.
Similar to most term life insurance policies, Humania HuGo and Insurance Without Medical Exam (IWME) are designed to protect beneficiaries from financial obligations such as mortgages, replacing lost income, or covering business obligations if the policyholder passes away unexpectedly.
Unlike permanent life insurance, Humania term life insurance does not accumulate cash value or pay policy dividends. The death benefit is usually paid out tax-free and can be used to pay off debts and other financial obligations.
Key features of Humania term life insurance
| Feature | Details |
| Term product name | HuGO, IWME Simplified, IWME Guaranteed |
| Term length options |
|
| Coverage amount | HuGO: $50,000–$5 million
IWME Simplified: $30,000–$1 million IWME Guaranteed: Up to $100,000 Maximum coverage varies by product and is subject to age, eligibility, and applicable underwriting requirements. |
| Premiums | Guaranteed level premiums during the selected term, depending on the product |
| Renewability |
|
| Convertibility | Available on eligible HuGO and IWME coverage, subject to policy conditions |
| Term changes | Eligible HuGO policies may be exchanged for a longer term without new evidence of insurability, subject to policy rules |
| Underwriting | HuGO: Fully underwritten
IWME Simplified: Simplified Issue (with health questions, no medical exam) IWME Guaranteed: Guaranteed Issue (few eligibility questions, no medical exam) |
| Optional riders (HuGO) |
|
Who is eligible for Humania term life insurance in Canada?
Humania Term Life Insurance is available to Canadian residents who meet the insurer’s age and underwriting requirements. Eligibility depends on the selected policy term, coverage amount, and your ability to satisfy the insurer’s underwriting criteria.
Here are the primary eligibility criteria for HuGO and IWME:
HUGO:
- Available to applicants ages 18 to 70, depending on the selected term
- Since it is fully underwritten, applicants may be required to provide medical or other evidence of insurability based on their application
IWME:
- Term 10 and Term 20: available from ages 18 to 70
- Term 100: available from ages 18 to 80
- Applicants must generally reside in Canada for at least six months per year
- Coverage limits may apply to certain refugees and work or study permit holders
However, underwriting varies by policy. HuGO uses more comprehensive underwriting and is generally suited for applicants who can qualify based on their health and medical history. Meanwhile, IWME is a great fit for policyholders who cannot qualify for traditional underwriting procedures.
Types of Humania term life insurance plans
Humania offers three distinct categories of life insurance plans, based on the underwriting requirements. HuGO policies offer traditionally underwritten coverage, while Humania Insurance Without Medical Exam offers Simplified and Guaranteed Issue policies.
Here’s an overview of the different Humania term life insurance plans:
Humania HuGO
HuGO is Humania’s fully underwritten term life insurance policy and offers the highest traditional coverage limit among the three options. Applicants can apply for between $50,000 and $5 million in life insurance coverage and select a 10-, 15-, 20-, 25- or 30-year term or fixed coverage to age 80.
Coverage for policyholders is guaranteed renewable to age 80, and eligible policyholders can convert their coverage or exchange it for a longer term without providing new evidence of insurability. Additionally, a term policy can be converted to a Term to 100 policy within the conversion deadline of age 65.
Humania Insurance Without Medical Exam (IWME) Simplified Issue
IWME Simplified is Humania’s no-medical-exam solution for applicants seeking faster and more accessible coverage without going through traditional medical underwriting. Applicants are required to answer eligibility questions without any medical exam. Based on eligibility, the following coverage levels are offered:
- Bronze: $5,000–$300,000
- Silver: $5,000–$500,000
- Gold: $5,000–$1 million
However, it is worth noting that amounts above $500,000 under Gold are limited to eligible clients aged 50 and under. IWME Simplified is available as Term 10, Term 20 or Term 100. Term 10 and Term 20 are available to applicants ages 18–70, while Term 100 extends eligibility to age 80.
Humania Insurance Without Medical Exam (IWME) Guaranteed Issue
Humania IWME Guaranteed is Humania’s Copper tier coverage and is designed for applicants who may have difficulty qualifying for traditionally underwritten policies for medical or other reasons. These policies require no medical exam and feature only a few questions to determine eligibility.
Here’s the range of coverage offered under Humania Insurance Without Medical Exam (IWME) Guaranteed Issue:
- Term 10, 20, and 100 (Ages 18-70): $5,000 to $100,000
- Term 100 (71-80): $5,000 to $50,000
However, it is worth noting that there is a 24-month deferred period for sickness-related death. If the insured dies from or in relation to sickness during the first 24 months after the policy takes effect or is reinstated, Humania does not pay the death benefit and only refunds the premium paid, subject to policy terms.
Here’s a quick comparison of all three plans offered by Humania term life insurance:
| Feature | HuGO | IWME Simplified | IWME Guaranteed |
| Underwriting | Fully underwritten | Simplified issue | Guaranteed issue |
| Medical exam | May be required | No | No |
| Health questions | Detailed/personalized | Limited eligibility questions | Few eligibility questions |
| Coverage | $50,000–$5M | $5,000–$1M, depending on eligibility | $5,000–$100,000, depending on age and term |
| Term options | T10, T15, T20, T25, T30, to age 80 | T10, T20, T100 | T10, T20, T100 |
| Maximum issue age | Up to 70, depending on term | Up to 80 for T100 | Up to 80 for T100 |
| Renewal | Guaranteed to age 80 | T10/T20 guaranteed to age 80 | T10/T20 guaranteed to age 80 |
| Conversion | Yes | Yes | Yes |
What is covered under Humania term life insurance?
Humania HuGO and IWME provide a tax-free lump-sum death benefit to your beneficiaries if the insured person dies while the policy is in force. Beyond the death benefit, the policies offer several valuable features that make them more flexible than many traditional term life insurance products.
Here are the primary benefits included with the Humania HuGO and IWME policies:
Flexible coverage options
Humania offers several term lengths across its HuGO and Insurance Without Medical Exam (IWME) products, including:
- Term 10
- Term 15
- Term 20
- Term 25
- Term 30
- Term to age 80
- Term 100 (through conversion before age 65)
It is worth noting that IWME policies only have Term 10, Term 20, and Term 100. The other term lengths are available for HuGO policies only.
Term exchange privilege
HuGO policyholders have the option to exchange all or part of their existing term coverage for a longer term without providing new evidence of insurability. The exchange can be completed between the first and fifth policy anniversaries, subject to policy conditions.
The new term must be longer than the initial term, and the exchange privilege can generally be exercised once during the first five policy years. It is especially useful for policyholders with evolving financial needs who are seeking extended coverage for longer periods.
Guaranteed conversion
HuGO allows policyholders to convert all or part of their eligible term life insurance into an eligible non-participating whole life insurance policy without providing new evidence of insurability. Policyholders can choose to convert a part of their coverage to permanent, while keeping the rest as a term policy.
The conversion must generally take place before the policy anniversary following the insured’s 65th birthday. However, it is worth noting that the coverage amount cannot exceed the coverage amount in the original policy.
Guaranteed renewability
HuGO term life insurance is guaranteed renewable up to age 80, meaning that policyholders can continue their coverage after the end of the original term without having to undergo new medical underwriting. Humania offers two underwriting classes during renewability, Platinum and Gold. Platinum is intended for applicants who meet more favorable underwriting criteria and can qualify for lower premiums. Meanwhile, Gold accommodates a broader range of health and underwriting profiles, with premiums based on the applicant’s assessed risk profile.
Meanwhile, IWME Guaranteed Term 10 and Term 20 policies can also be renewed up to age 80. Premiums at renewal are calculated based on factors such as the attained age, original risk class, and other relevant underwriting requirements.
Eligibility for associated policies
Applicants approved at standard rates for at least $100,000 of HuGO life insurance without an exclusion or rating can automatically receive an offer for HuGO Critical Illness Insurance and HuGO Debt Insurance policies. However, these are separate policies that policyholders can select at the time of application without any additional underwriting requirements.
HuGO Critical Illness Insurance can provide up to $75,000 and covers 25 specified illnesses, while HuGO Debt Insurance can provide monthly benefits to help cover eligible debts during disability. These are separate policies, not riders, with their own premiums that the policyholder can opt for during purchase of an eligible term life policy.
Pros and cons of Humania life insurance
How much does Humania HuGO term life insurance cost?
The cost of Humania Life term life insurance ranges between $12.06 and $49.50. Your premiums depend on the coverage amount and personal factors, such as gender, age, smoking status, and health.
Here is a sample term life insurance monthly rate for $100,000 in coverage for a 10-year term:
| Age (in years) | Male (non-smoker) | Female (non-smoker) |
| 20 | $12.06/month | – |
| 30 | $12.15/month | – |
| 40 | $12.87/month | $12.15/month |
| 50 | $19.53/month | $16.29/month |
| 60 | $49.50/month | $36.90/month |
What are the Humania term life payment options and lapse protection features?
If a premium for Humania term life insurance is missed, the policy may enter a grace period of 30 days before lapsing, after which reinstatement or resumption may be available, subject to the terms of the policy contract.
However, if the policy lapses because premiums are not paid, Humania generally allows reinstatement within two years of the lapse date, subject to the policy provisions. Policyholders can submit an application and pay all outstanding premiums and interest to restore coverage.
What riders are available with Humania term life insurance?
Humania term life insurance can be customized with three optional riders: Accidental Death and Dismemberment Rider, Total Disability Waiver of Premium Rider, and the Dependent Child Life Insurance Rider. These add-ons provide additional protection and benefits for individuals and families, offering enhanced coverage.
Here’s a quick overview of each rider available with the Humania Term Life Insurance policy:
| Rider | What it covers | Key details |
| Accidental Death and Dismemberment (AD&D) Rider | Pays an additional benefit if the insured dies from an accidental injury or suffers a covered loss |
|
| Total Disability Waiver of Premium Rider | Waives policy premiums if the insured becomes totally disabled due to a qualifying accident or illness |
|
| Dependent Child Life Insurance Rider | Provides a life insurance benefit if an eligible dependent child dies while coverage is in force. |
|
Can you convert Humania life insurance to permanent coverage?
Yes, eligible Humania HuGO and IWME policies can be converted to an eligible permanent life insurance policy without new evidence of insurability. For HuGO, Term 10, 15, 20, 25, 30, and term to age 80 coverage includes a conversion privilege up to age 65. Additionally, policyholders can upgrade to Term to 100 coverage within the conversion period as well.
For IWME Guaranteed Term 10 or Term 20, coverage can similarly be converted before age 65 to Term 100 without new evidence of insurability. However, the maximum conversion amount is $50,000.
How does Humania life insurance compare to other insurance providers?
Humania stands out primarily because of the breadth of its underwriting options rather than exceptionally high maximum coverage. HuGO offers applicants access to fully underwritten term insurance with multiple renewal term lengths, guaranteed renewability, conversion, and a term exchange option. These features make the policy flexible and suitable for a wide range of applicants.
Meanwhile, the Insurance Without Medical Exam (IWME) simplified policies can provide up to $1 million in no-medical life insurance for eligible applicants age 50 and under, making it a strong option for individuals who are unable to seek traditionally underwritten policies. Paired with different term options and guaranteed conversion, Humania term life insurance policies are well-suited for homeowners, growing families, and businessmen seeking affordable and comprehensive term life insurance.
Read our guide to the best term life insurance companies in Canada to compare leading insurers side by side.
Our advisor’s take on Humania term life insurance
At PolicyAdvisor, we recently helped a 32-year-old homeowner secure Humania HuGO Life Insurance to secure their family’s finances while paying off a mortgage and raising young children. They were seeking affordable term coverage with the flexibility to extend their protection if their financial obligations lasted longer than expected or changed over the years.
Client profile
- Age: 32
- Family: Married with two young children
- Primary concern: Mortgage protection and income replacement
- Coverage goal: $1 million in HuGO term life insurance
Why we recommended Humania HuGO Life Insurance:
- 25-year level term that aligned with the applicant’s mortgage repayment schedule and long-term financial obligations
- Term exchange privilege, allowing them to exchange all or part of their coverage for a longer term between the first and fifth policy anniversaries
- Guaranteed renewability to age 80, providing an option to maintain life insurance protection if coverage is still required after the original term expires
- Conversion privilege, providing the option to convert eligible term coverage to permanent whole life insurance without evidence of insurability
How to purchase Humania life insurance in Canada
PolicyAdvisor’s licensed life insurance advisors can help you compare different term life policies offered by Humania based on your age, budget, health, coverage needs, and financial goals.
Whether you are looking to protect your family, cover your mortgage, or secure affordable coverage for a specific period, our advisors at PolicyAdvisor can help you choose the right term length, coverage amount, and optional riders to fit your needs.
Frequently Asked Questions
What is the maximum coverage available under Humania term life insurance?
Humania HuGO life insurance offers coverage between $50,000 and $5 million. Meanwhile, the IWME Simplified offers up to $300,000 under Bronze, $500,000 under Silver, and $1 million under Gold, subject to eligibility. Gold coverage above $500,000 is available only to eligible applicants age 50 and under. IWME Guaranteed Issue policies offer up to $100,000 to eligible policyholders, depending on age and term.
Does Humania offer no-medical life insurance?
Yes, Humania offers no-medical life insurance through the Insurance Without Medical Exam (IWME) plans, which offer Simplified Issue and Guaranteed Issue policies to eligible applicants.
What term lengths does Humania offer?
Humania HuGO policies offer terms of 10, 15, 20, 25 and 30 years, as well as fixed coverage to age 80. IWME Simplified issue and IWME Guaranteed issue offer Term 10, Term 20 and Term 100.
Can I convert Hugo term life to permanent life insurance?
Yes, eligible policyholders can convert all or part of their coverage to an eligible Humania Assurance permanent life insurance policy without new evidence of insurability till the conversion age of 65, between the first and fifth policy anniversary.
Humania Assurance offers life insurance solutions for a wide range of health profiles through its HuGO and Insurance Without Medical Exam (IWME) products. HuGO is its fully underwritten term life insurance solution, offering $50,000 to $5 million in coverage and terms ranging from 10 to 30 years, plus coverage to age 80.
