Term Life Insurance:
Comprehensive protection at an affordable price
The higher the coverage, the more secure your family will be
Get an application, complete it and return it to Manulife today.
- Apply for up to $1 million in coverage, plus up to $1 million for your spouse: The Term Life Insurance plan allows both you and your spouse to choose the level of protection that fits your specific needs. If you are between the ages of 18 and 70 you can apply for coverage in amounts from $50,000 up to $1 million – in increments of $25,000. Your spouse can select any amount of coverage from $50,000 up to $1 million, regardless of your choice.
- Includes a Living Benefit – at no additional cost: If you are diagnosed with a terminal illness, with 12 months or less to live, you can apply to receive a cash advance of up to 50% of the life insurance benefit to a maximum of $100,000 – tax-free – provided coverage has been in force for at least two years.
- Rates are guaranteed not to increase for the first 5 years: Choose the amount of coverage that meets your needs and budget today and gain the security of knowing that there will be no premium increase for a period of five years. At the end of each 5-year period, you can automatically renew your coverage at your new age-based rate for another 5 years.
- Benefits remain level throughout the entire term of your coverage: Unlike some plans with benefits that decrease as you get older.
- Coverage cannot be cancelled: Your coverage cannot be cancelled for any reason, including changes in your health or occupation, as long as your premiums are paid. Of course, you can choose to cancel this protection at any time.
- Convert your coverage to a permanent life policy any time before age 75 – regardless of health: Rates then in effect for the permanent life insurance will apply. If the need for a permanent life insurance policy arises, simply contact Manulife.
- 30-Day Satisfaction Guarantee: Once you receive your Policy, examine it carefully. If you decide that you are not completely satisfied, simply return your Policy to Manulife within 30 days of receipt to have your coverage cancelled and your premiums refunded in full – no questions asked!
Coverage under the Term Life Insurance plan is subject to certain limitations and exclusions