are there restrictions on buying life insurance? Well, yes and no! It’s not like trying to get into an exclusive VIP club with a secret handshake (though, wouldn’t that be fun?).

Here’s the thing: There are a few factors that could cause some bumps on the road to securing life insurance in Canada. But don’t worry, you’re not being banned from the insurance world altogether, just a few things to keep in mind:

There's a reason your grandmother can't buy a 30-year policy for her new pet iguana (no judgment). Life insurance companies typically have age restrictions. If you’re looking for coverage at the age of 85, you might find a policy, but it’s likely to be a little more expensive—and a little more limited.

If you’ve been living the “I’ll eat pizza every day and never exercise” lifestyle, don’t be surprised if your premiums are higher—or if they ask for a few more details about your health. There’s no “you can’t have life insurance,” but a few extra questions (and maybe a medical exam) could pop up. They just want to make sure you’re in decent enough shape to be a good investment!

You know those extreme sports you love? Skydiving, bungee jumping, or maybe mountain climbing? Yeah, those could raise some eyebrows. If you’re in a high-risk occupation or do high-risk activities, you might face restrictions or higher premiums. But hey, if you’re willing to take that leap, so are the insurers!

If you’ve been a bit too familiar with the law in the past, you might find that some companies aren’t keen on offering coverage. But if you’ve turned your life around, they’re likely to be more understanding.

In short, there are a few things that can throw a wrench into your life insurance purchase, but nothing a little patience and some extra paperwork can’t smooth over. It's not a "no-go," usually it’s just a "maybe with a few conditions.