Group Term Life
Anticipating change and preparing for uncertainty are facts of business. Unfortunately, they're also facts of life. That is why you should take steps to help ensure your family's financial future, with practical protection that's designed for REALTORS® and endorsed by the Canadian Real Estate Association (CREA).
With this plan, you can apply before age 60 for up to 15 units of insurance worth $50,000 per unit (and up to the same amount for your spouse). That's up to $750,000 per person, at exclusive low group rates. Once insured, you can stay covered for life! You can also add coverage for your children.
To provide you with the most effective life insurance solution possible, REALTORS® covered under the Group Term Life Plan can also take comfort in the following additional features:
Lower rates for volume purchases. Any insured Member or Spouse with $250,000 or more per person of Term Life Insurance automatically receives a 12% discount on their premiums.
Financial assistance in your time of need. Insured Members or Spouses who have been diagnosed as terminally ill with a life expectancy of one year or less can apply to receive an interest-free advance payment of up to 25% of their own Term Life benefit (maximum $50,000) to spend as they wish. Eligibility to apply for this "Living Benefit" compassionate cash advance is available to Members and Spouses who have been insured under this Plan for two years or more.
Premium-free lifetime coverage beginning at age 70. From age 65 to age 69, the value of each unit is $25,000. Beginning at age 70, insured Members and Spouses will have no further premiums to pay, while each unit of their Term Life coverage will be replaced with $5,000 of lifetime Insurance Continuation Benefit. That's up to $75,000 of permanent coverage with nothing more to pay!
No premiums to pay if you are disabled. If you are insured under the Term Life Plan and you become Totally Disabled before age 65, we will waive all Term Life premiums that are due after three months of continuous disability and for as long as your Total Disability continues.
We've made it easy for you to get the Term Life coverage you want by yourself, in the comfort and privacy of your own home or office. Click the following links to get a personalized assessment of your needs, get a no-obligation quote on the cost, and fill out your application online. You can also download an application that you can print, fill out and mail in.
If you don't have Adobe Acrobat Reader Version 3.01 or later, which is necessary to view and print these .PDF files, you can download it for free from Adobe:
If you have any questions about the CREA Term Life Plan or need help with your application, please don’t hesitate to call Manulife toll-free at 1 800 668-0195 Monday through Friday from 8 a.m. to 8 p.m. ET, or e-mail firstname.lastname@example.org any time. You can also send your request through the Web by clicking here. Please do not include any credit card account numbers in your email message to us.
Exclusion: Suicide is not covered under the Term Life Plan if it occurs within two years of the effective date of coverage.