Canadian Insurance Services Regulatory Organizations

Life Insurance Replacement Declaration (LIRD)


The Life Insurance Replacement Declaration (LIRD) allows consumers to better consider the merits of replacing an existing life insurance policy, as the form sets out a number of important questions that the consumer may wish to consider when making their decision. All provinces except Québec require the use of the LIRD. In the Northwest Territories, Nunavut and Yukon, it is recommended that agents use the LIRD. Please consult the Québec regulator for the requirements in that province.