Humania Life Insurance Review

Learn more about Humania life insurance in Canada. Talk to one of our experienced advisors, today!

6 minute read

Humania assurance insurance review canada 3 out of 5 from protect your wealth

Humania Life Insurance Review

Learn more about Humania life insurance in Canada. Talk to one of our experienced advisors, today!

6 minute read

Humania assurance insurance review Canada 3 out of 5 from protect your wealth

With numerous term life insurance options which grant you the ability for renewable terms, and guaranteed premiums, Humania life insurance is ideal for those who are looking for a term life insurance policy. They offer a unique HuGO life insurance policy which is a quick and easy way to get coverage and is an innovative approach to life insurance. The higher coverage amounts and competitive prices is certainly a plus. Although, their lack of permanent life insurance is a weak spot for Humania as they do not offer a whole life or universal life insurance policies. Overall, Protect Your Wealth gives Humania a 3 out of 5 stars and their future financial outlook is stable. To find out what life insurance company is best for you, check out our Best Life Insurance Companies Guide.

Company Overview

Humania Assurance (Humania) is a Quebec based insurance company which was founded in 1874. Humania offers a range of insurance products including: Life Insurance, Health Insurance, Mortgage Insurance, Disability Insurance, Critical Illness Insurance, and more. Being that Humania is one of Canada’s oldest insurance companies, Humania grew steadily and now controls over $600 million in assets. With over 200,000 customers across Canada, Humania holds both a rich history and has a smaller client base in comparison to larger insurance firms.

Humania Life Insurance Pros

  • No-medical life insurance is widely available 

  • Coverage prices are comparable and competitive with other Canadian life insurance companies

  • HuGO term life insurance product is innovative and currently only unique to Humania

Humania Life Insurance Cons

  • Conversion age maxes out at 65 years old

  • Lacks insurance product transparency on website

Humania Life Insurance Products

Humania life insurance products include term life insurance, permanent life insurance, and critical illness insurance. They have multiple term life insurance options and critical illness insurance options, but unfortunately are lacking permanent life insurance options. Their life insurance products include: Term life insurance, HuGO life insurance, and Term Life – Insurance Without Medical Exam, and they have Permanent Life Insurance – without medical exam.

The Humania Term Life insurance include Term life insurance, HuGO life insurance, and Term Life - Insurance Without Medical Exam. The options on the terms vary from 10, 15, 20, 25, 30 year terms.

Humania Term Life Insurance

The Humania Term Life insurance include Term life insurance, HuGO life insurance, and Term Life – Insurance Without Medical Exam. The options on the terms vary from 10, 15, 20, 25, 30 year terms. The limits can also range from $50,000 to $5 million which is a great range which can cover different types of personal financial situations. 

The Humania Term Life is available in 10, 15, 20, 25, 30, and 100 year terms which offers flexibility depending on which life stage you are at. It offers a wide coverage amount, and is available for those who are 0 to 70 years old, making it a suitable choice for many. 

  • Key Highlights
    • Coverage from $50,000 to $2,000,000
    • Available for the ages of 0 years old to 70 years old
    • Medical examination is required 
    • Convertible until 65 years old
    • Policy terminates at age 80
  • Optional Benefits
    • Multiple policy and family policy discounts available
    • Waiver of premium 
    • Disability insurance riders

The HuGO life insurance product is a modern and innovative life insurance product that can provide you life insurance coverage with the least amount of requirements necessary. You can acquire HuGO life insurance coverage within 15 to 45 minutes, while also getting the freedom of guaranteed, renewable and flexible 10, 15, 20, 25, 30 year terms.

  • Key Highlights
    • Coverage up to $5 million
    • Available for all up to 80 years old 
    • Renewable, guaranteed premiums, convertible 
    • Coverage within 15 to 45 minutes
    • Available in 10, 15, 20, 25, and 30 year terms  
  • Optional Benefits
    • Child life insurance rider available 
    • Paper free, web based
    • Two options: Gold and Platinum

This no-medical term life insurance alternative by Humania is available for online application. There are 2 terms available: 10 year term, 20 year term and a 100 year term. It is a simple no-medical option and offers instant coverage which is very beneficial. 

  • Key Highlights
    • Coverage up to $300,000
    • Available for the ages of 18 years old and 70 years old 
    • Renewable and guaranteed premiums up to 80 years old
    • Short medical questionnaire 
  • Optional Benefits
    • Disability and critical illness available with no additional questions
    • Possibility of immediate coverage 
Humania has a single permanent life insurance option which makes Humania lack in comparison to competing insurance firms

Humania Permanent Life Insurance

Humania has a single permanent life insurance option which makes Humania lack in comparison to competing insurance firms. The permanent life insurance option is only a no-medical policy which makes it have less coverage than many competing permanent life insurance terms. There are also no participating life insurance options which are widely found in other life insurance companies, find out more about participating life insurance coverage.

Key Highlights

  • Coverage from $5,000 to $50,000 
  • Available for the ages of 18 years old to 70 years old
  • Guaranteed premiums

Talk to an advisor today.

Best Life Insurance Quotes Canada

Other Humania Insurance Products

Humania has a handful of other insurance products including critical illness insurances, and disability insurances, which have flexibility and a variety of options. Find out if no medical life insurance is right for you.

Key Highlights

  • Available for those 18 to 55 years old
  • Coverage from $5,000 to $100,000
  • 10 to 20 year terms 
  • Covered illnesses: Heart attack (myocardial infarction) Cancer Stroke (cerebrovascular accident) Coronary surgery
  • No medical exam
  • Immediate coverage

Optional benefits

  • Premium on death 
  • Premium refund rider of 75% after 20 years
  • Those who were previously diagnosed with HIV, Diabetes, Cancer, Multiple Sclerosis or other critical illnesses may be eligible

Key Highlights

  • Available for those who are 2 months old to 60 years old
  • Coverage of $25,000 to $1 million
  • Basic plan covers 4 illnesses, comprehensive plan covers 24 illnesses, enhanced plan covers 25 illnesses 

Optional Benefits

  • Waiver of premium
  • Best Doctors program 
  • Premium refund riders

Key highlights

  • Available for those 18 years old to 65 years old 
  • Coverage of $25,000 to $1 million 
  • Basic plan only covers: Cancer Coronary surgery (coronary artery bypass) Heart attack (myocardial infarction) Stroke (cerebrovascular accident)
  • Enhanced plan covers over 25 illnesses
  • Available in many terms: 10 year, 15 year, 20 year, 25 year, 30 year, and 75 year

Optional benefits

  • 15 year premium refund or at 65 years old
  • Accidental death benefits 
  • Disability waivers

Humania Insurance Customer Reviews

Many Humania clients are satisfied with their experience with the company:

  • User friendly online application and customer service 

  • Competitive pricing 

  • Flexible term coverage is useful for specific personal circumstances

On the other end, Humania clients sometimes find that:

  • Strict underwriting requirements

  • Lacks in permanent life insurance options 

  • Bad cancellation experiences from former clients

Finding the right life insurance for you

If you’re not sure of what the best insurance product or company is for you, working with a life insurance specialist can help you find the best solution to fit your particular situation. At Protect Your Wealth, we’ve been providing expert advice for all types of life insurance, including for no medical, term life, or permanent life insurance, since 2007. As your Life Insurance broker and financial planner, we work with you to create a personalized plan for your family or business that covers and meets your needs. 

Contact Protect Your Wealth or call us at 1-877-654-6119 to talk to an advisor today. We’re proudly based out of Hamilton, and service clients anywhere in Ontario, including areas such as Kitchener, Brampton, and Mississauga.

Talk to an advisor today.

Best Life Insurance Quotes Canada