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Members' Exclusive Rates
The following are the current monthly premiums for coverage under the Institute's Members' Insurance Plans. To determine the total monthly premium that applies to you, find the monthly premium per unit for your age, gender, smoking status or coverage options (as applicable), and multiply by the number of units of coverage you want. An annual premium is 12 times the monthly premium.
Rates are subject to change.
Member and Spouse Term Life Insurance
Members can choose from 2 to 80 units of $25,000 of Term Life Insurance for themselves and for their Spouses, for coverage of $50,000 to $2,000,000 per person. Coverage ends at age 85.
Rate Reductions for Volume Purchases: An individual whose Term Life coverage totals $250,000 to $725,000 will pay 10% less than the premiums shown here ...or 15% less for coverage totaling $750,000 to $1,225,000 ...or 18% less for coverage totalling $1,250,000 to $2,000,000.
Preferred Rates: If you apply for $125,000 or more of new or additional Term Life coverage, and are in exceptional health, you may qualify for Preferred Rates of 5% to 25% less than the usual rates. You don't have to apply for Preferred Rates. Manulife Financial's underwriters will automatically assess your application and notify you if you qualify.
Future Insurability Option: An individual under age 51, who chooses the Future Insurability Option when applying, can increase his or her Term Life coverage as many as five times, without further medical underwriting, for up to $250,000 more coverage in total. Refer to the coverage description for more details.
See the rates that apply to you below, or let us calculate the cost for you.
Monthly Premium Per $25,000 Unit of Term Life Insurance
• Reduce by 10% if coverage totals $250,000 or more per person
• Reduce by 15% if coverage totals $750,000 or more per person
• Reduce by 18% if coverage totals $1,250,000 or more per person |
Age* | Non-Smoker** | Smoker |
Male | Female | Male | Female |
18 to 29 | $1.10 | $0.70 | $2.75 | $1.50 |
30 to 34 | $1.35 | $0.90 | $3.00 | $2.00 |
35 to 39 | $1.60 | $1.15 | $3.75 | $2.80 |
40 to 44 | $2.40 | $1.60 | $5.80 | $4.10 |
45 to 49 | $4.00 | $2.50 | $9.40 | $5.90 |
50 to 54 | $6.10 | $4.00 | $15.00 | $8.75 |
55 to 59 | $9.90 | $6.75 | $23.00 | $13.15 |
60 to 64 | $14.75 | $10.00 | $35.00 | $20.40 |
65 to 69 | $18.75 | $12.50 | $58.50 | $32.50 |
70 to 74 | $37.50 | $25.00 | $94.25 | $57.50 |
75 to 79 | $92.25 | $65.00 | $158.50 | $95.00 |
80 to 84 | $158.50 | $108.50 | $233.50 | $150.00 |
85 | Coverage terminates |
 | Additional Monthly Premium Per $25,000
Unit of Future Insurability Option (FIO)**** |
| Non-Smoker** | Smoker |
| Male | Female | Male | Female |
| $0.90 | $0.52 | $2.00 | $1.20 |
Member Income Protection Disability Insurance
Members only can choose up to 150 units of $100 each of monthly benefits, for a maximum benefit of $15,000 per month. Coverage ends at age 70 or on the date you retire; or voluntarily cease to be actively engaged in the duties of your occupation (except for short leaves of absence), whichever comes first. Optional Own Occupation protection is available. If you are applying between the ages of 18 and 50, you can purchase the Future Insurability Option for up to 25% of your coverage amount (both applied for and already in-force) or $2,000, whichever is less, enabling you to increase your coverage later without submitting medical evidence. Refer to the coverage description to determine the maximum Income Protection benefit that applies to you, then see your rates below, or let us calculate the cost for you.
Monthly Premium Per $100 Unit of Income Protection |
Waiting Period*** | 0-7 Days | 30 Days | 60 Days | 90 Days | 120 Days | 180 Days | 365 Days |
Male, Age:* | | | | | | | |
Under 40 | $1.20 | $0.85 | $0.75 | $0.65 | $0.63 | $0.60 | $0.50 |
40 to 49 | $1.95 | $1.50 | $1.40 | $1.25 | $1.20 | $1.15 | $1.00 |
50 to 64 | $3.90 | $3.25 | $3.05 | $2.65 | $2.60 | $2.50 | $2.00 |
65 to 69 | $5.00 | $3.75 | $3.50 | $3.00 | $2.90 | $2.75 | $2.50 |
70 | COVERAGE ENDS |
Female, Age:* | | | | | | | |
Under 40 | $1.45 | $1.00 | $0.95 | $0.85 | $0.80 | $0.75 | $0.65 |
40 to 49 | $2.15 | $1.65 | $1.55 | $1.40 | $1.35 | $1.25 | $1.10 |
50 to 64 | $3.50 | $2.90 | $2.65 | $2.35 | $2.30 | $2.25 | $1.75 |
65 to 69 | $4.25 | $3.25 | $2.95 | $2.60 | $2.55 | $2.50 | $2.25 |
70 | COVERAGE ENDS |
Additional Monthly Premium Per Unit
of Own Occupation Option | | |
Multiply
Premium Per Unit of
Income Protection by: | 0.20 | | |
Additional Monthly Premium Per $100 Unit
of Future Insurability Option (FIO)**** | | |
Male | $0.82 | | |
Female | $1.63 | | |
Member Office Overhead Expense Insurance
Members only can choose up to 100 units of $100 each of monthly benefits, for a maximum benefit of $10,000 per month. Optional Own Occupation protection is available. Coverage ends at age 70 or at retirement, whichever comes first. See the rates that apply to you below, or let us calculate the cost for you.
Monthly Premium Per $100 Unit of Office Overhead Expense Insurance |
Maximum Benefit Period | 6 Months | 12 Months | 18 Months | 24 Months |
Waiting
Period*** | 7
Day | 14
Day | 30
Day | 7
Day | 14
Day | 30
Day | 7
Day | 14
Day | 30
Day | 7
Day | 14
Day | 30
Day |
Male, Age:* | | | | | | | | | | | | |
Under 40 | $0.75 | $0.65 | $0.45 | $0.90 | $0.80 | $0.55 | $1.15 | $1.05 | $0.65 | $1.50 | $1.40 | $0.80 |
40 to 49 | $1.05 | $0.90 | $0.65 | $1.25 | $1.10 | $0.75 | $1.60 | $1.45 | $0.90 | $2.10 | $1.95 | $1.10 |
50 to 64 | $2.20 | $1.85 | $1.30 | $2.65 | $2.25 | $1.45 | $3.30 | $2.85 | $1.75 | $4.15 | $3.65 | $2.20 |
65 to 69 | $3.65 | $3.00 | $2.10 | $4.50 | $3.75 | $2.45 | $4.75 | $4.00 | $2.85 | $5.00 | $4.25 | $3.25 |
70 | COVERAGE ENDS |
Female, Age:* | | | | | | | | | | | | |
Under 40 | $0.80 | $0.75 | $0.50 | $1.00 | $0.90 | $0.60 | $1.25 | $1.10 | $0.70 | $1.55 | $1.35 | $0.85 |
40 to 49 | $1.15 | $1.00 | $0.70 | $1.35 | $1.20 | $0.80 | $1.65 | $1.45 | $0.90 | $2.05 | $1.75 | $1.00 |
50 to 64 | $2.10 | $1.75 | $1.25 | $2.50 | $2.15 | $1.45 | $3.05 | $2.65 | $1.60 | $3.75 | $3.25 | $1.75 |
65 to 69 | $3.25 | $2.75 | $1.95 | $4.00 | $3.35 | $2.30 | $4.15 | $3.50 | $2.65 | $4.35 | $3.70 | $3.00 |
70 | COVERAGE ENDS |
Additional Monthly Premium Per Unit
of Own Occupation Option | | |
Multiply
Premium Per Unit of
Office Overhead by: | 0.15 | | |
Member And Spouse Personal Accident Insurance
Members who are covered by or applying for Member Term Life Insurance or Member Income Protection Disability Insurance can choose up to 20 units of $25,000 each of Personal Accident Insurance, for a maximum of $500,000. Members who have purchased or are applying for Spouse Term Life Insurance can also choose up to 10 units of $25,000 each of Personal Accident Insurance for their spouses, for a maximum of $250,000. Refer to the coverage description to see how benefits are paid. Coverage ends at age 75. See the rates that apply to you below, or let us calculate the cost for you.
Monthly Premium Per $25,000 Unit
of Personal Accident Insurance |
Members and Spouses | $0.88 |
Child Life and Accident Insurance
Members who are covered by or applying for Member Term Life Insurance can choose up to 5 units of Child Life and Accident Insurance. Each unit offers $50,000 of Major Impairment benefit (for a maximum of $250,000) per insured child. For each insured child age 15 days and over, each unit offers $10,000 of Life Insurance (for a maximum of $50,000). Each insured child age 14 days and under is covered for $5,000 of Life Insurance. One single monthly premium covers all of your eligible children, regardless of how many children you may have. Eligible children are unmarried, dependent on the Member for support, and under 21 years of age (or under 25 years of age if in full-time attendance at school or university). Refer to the coverage description to see how benefits are paid. See the rate that applies to you below, or let us calculate the cost for you.
Monthly Premium Per Unit of Child Life and Accident Insurance
$50,000 Major Impairment benefit per child
+ $10,000 Life Insurance per child 15 days or older
($5,000 Life Insurance TOTAL per child under 15 days) |
One monthly premium
covering all eligible children: | $2.50 |
If you have questions or feedback about our coverage, click here to contact us online, telephone us toll-free at 1 866 219-4245 Monday through Friday from 8 a.m. to 8 p.m. ET, or e-mail us at am_service@manulife.com any time.
* “Age” means age attained as of the policy anniversary date (June 1). Please note that premiums increase as you reach certain ages, as shown in the tables.
** “Non-Smoker” premiums apply to Members and Spouses who have not used tobacco or tobacco cessation products in the past 12 months and who meet Manulife Financial’s health standards. You must notify Manulife Financial of any change in your smoking status.
*** “Waiting Period” means the period following the disability but before disability benefits become payable.
**** All limitations and exclusions that apply to existing Term Life and Income Protection coverage will also apply to their respective FIOs.
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