Is Goose Life Insurance worth it? Review (2024)
verified information
Information verified by Adeline Harmant
Our articles are written by experts in their fields (finance, trading, insurance etc.) whose signatures you will see at the beginning and at the end of each article. They are also systematically reviewed and corrected before each publication, and updated regularly.
Discover the methodologyLife insurance is one of the most powerful tools you have for assuring your family’s financial future. Imagine something happened to you. Would your spouse, children or other dependents be okay financially?
Life insurance is therefore an important product that allows your family to maintain their standard of living no matter what. While there are multiple options in the market, one provider to consider would be Goose Life Insurance.
But what does Goose Insurance cover? How much is it? Is it the right choice for you? Find all this information and more in our Goose life insurance review. Also, compare and get free quotes from multiple providers using our comparator tool below to help you pick the life insurance that's best for your needs.
Goose Life Insurance: 6 Key Points
- Goose offers term life insurance of up to $1,000,000.
- Goose life insurance policies start from just $5 a month.
- Immediate coverage and no medical exams*.
- You can get quotes and buy your policy entirely on the Goose Insurance app.
- You are not required to speak with agents for quotes or approval.
- Compare coverage and costs with other providers using our comparator and get free quotes.
Our Goose Life Insurance Review
Goose Life Insurance is designed for Canadians who want simple, affordable term life insurance without the hassle of medical exams or lengthy applications.
With premiums starting as low as $5 a month, Goose offers up to $1 million in coverage and up to 25 years of renewable protection, all through a convenient digital platform. It’s an excellent option if you’re young, healthy, and looking for straightforward coverage to protect your family.
Goose stands out for its ease of use and competitive pricing, ideal for those who value convenience over complex policy features. However, if you’re seeking lifelong coverage, cash value options, or more advanced financial planning tools, Goose may not be the right fit. It’s perfect for individuals looking for no-fuss term life insurance without needing to consult an agent or a third party.
Who is Goose Life Insurance best for?
Goose Life Insurance is best for individuals seeking affordable, no-medical-exam coverage with a quick and simple application process. It’s ideal for those who want basic term life insurance or travel insurance without the hassle of traditional underwriting. If you value convenience and digital-first service, Goose might be a great fit.
What are the benefits and drawbacks of Goose life insurance?
Pros of Goose Insurance Life Insurance
- Premiums starting from just $5 a month
- Up to $1,000,000 in coverage
- No medical exam
- You can get immediate coverage
- Customizable plans to fit your individual needs
- Online chat function available
- User-friendly app
- Customer Goose life insurance reviews have an average of 4.7/5 rating on Google
Cons of Goose Insurance Life Insurance
- You need to download the app and sign up to get a quote
- No whole life insurance
- Product information unavailable on the website
We recommend that you compare the coverages of other policy providers before finalizing Goose. While that may seem daunting, we've made it simple for you. You just need to use our free comparator below to compare coverages, prices, and even tailor-made quotes from the best life insurance in Canada, in just a few seconds.
Get a life insurance policy that's right for you and your loved ones
What does Goose Life Insurance offer?
Goose Life Insurance provides two main options: Individual Term Life Insurance and Group Term Life Insurance, catering to different coverage needs.
- Individual Term Life Insurance:
- Offers higher coverage amounts, up to $1 million based on your age.
- Monthly premiums are guaranteed for the duration of the policy and will not increase.
- Coverage cannot be canceled by the insurer during the term.
- Terms are available for 10, 15, 20, or 25 years, depending on your age.
- Group Term Life Insurance:
- Provides coverage up to $100,000.
- Premiums are not guaranteed and increase as you age.
| Features | Goose Term Life Insurance |
|---|---|
| Coverage amount | Up to $1,000,000 |
| Medical exam | Not required |
| Approval time | Instant |
| Money back guarantee | 30 days |
| Premiums | As low as $5 / month |
Choosing the right plan depends on your needs. For higher coverage and stable premiums, the Individual Term plan is ideal. The Group plan, while limited in coverage, offers a quick and straightforward option for basic protection.
Who is eligible for Goose life insurance?
Canadian residents aged 59 and under are eligible to purchase an Individual Term Life Insurance policy from Goose. The length of the term depends on your age at the time of purchase. Once approved, your coverage will remain active even if you move outside Canada, provided you continue to pay your premiums on time.
Goose Insurance currently does not offer whole life insurance. You could use our comparator below to look at providers offering the best whole life insurance policies, for free.
Get a life insurance policy that's right for you and your loved ones
What does Goose life insurance cost?
The price of life insurance with Goose Insurance varies greatly depending on the type of insurance you want to purchase, your age, your health, your smoking status, and your financial goals. For specific pricing reach out directly to a Goose Insurance representative.
For example
- For a 35-year-old non-smoker seeking a 20-year term life insurance policy with a coverage amount of $100,000 from Goose Insurance, the monthly premium might range from $10 to $20.
- Meanwhile, for a 55-year-old individual, the monthly premium could be in the range of $30 to $60 or more for a term life insurance policy. Please keep in mind that the actual cost can vary based on factors like your health, lifestyle, and specific policy details.
We recommend that you compare insurance policies from other providers before buying one. For that, all you need to do is use our comparator below and get free personalized quotes from the best life insurance in Canada, and in no time.
Get a life insurance policy that's right for you and your loved ones
How do you make a claim with Goose Insurance?
You can start the claims process via the Goose app on your mobile device. To reach out to the claims department, you could also write to [email protected] and an agent will respond to your query accordingly. You should detail the reasons for the claim and the associated costs as clearly as possible.
Here is more information for claims assistance from Goose Insurance:
| Contact Information | Details |
|---|---|
| Toll-free | 1-800-668-4229 |
| Phone | 416-620-1140 |
| [email protected] | |
| Fax | 416-620-6993 |
| Address | Teachers Life Insurance, 50 Burnhamthorpe Road West, Suite 703, Mississauga, ON, L5B 3C2 |
Generally, the claims process will require you to submit supporting documents like bills and receipts associated with the claims being made. It's important to have them handy. Upon filing your claims, the company will assess and refund as per your policy terms.
How do you contact Goose Life Insurance?
You can contact Goose via their online chat function, by calling 1-888-374-6637, or by emailing [email protected].
To obtain a quote, complete a purchase for a policy, make modifications to your existing policy, or for general inquiries, you can contact the provided number. A customer service representative from Goose will be available to assist you with your needs.
The wait times could be slightly longer due to a high volume of requests in specific periods of the day.
How to cancel Goose Life Insurance?
You may cancel your Goose life insurance policy at any time without any fees within the first 30 days of receiving your policy. If you cancel within this period, you will receive a full refund of your premium. For cancellations after 30 days, any unused premium will be refunded.
To cancel, simply send a written request via email, fax, or surface mail. Your policy will end on the date your written request is received, at which point all obligations and liabilities under the policy will cease. Please note that you will not be able to make a claim once your policy has been cancelled.
To submit your cancellation request, please write to:
Goose Insurance Services Inc.
280 - 825 Homer Street,
Vancouver, BC, V6B 2W2
Email: [email protected].
How much life insurance do I need?
One of the more difficult things when looking for life insurance is to calculate how much coverage you need to keep your family financially safe if the unexpected happens. That’s why we developed a life insurance calculator to help you figure out exactly how much life insurance coverage you need.
All you need to do is enter a few basic details on your finances like your expected final expenses, existing loans, mortgages, and annual household expenditure, and voila, you have your answer in seconds.
