Manulife Financial Welcomes CAA Members

Why would you need term life insurance?

Term life insurance is an economical way to protect your family and assets in case something happens to you. Because term insurance is purely a life policy — it provides death benefit protection for a specified period of time or ‘term’ — you can actually pay less on premiums. With the benefit amount your family would get, they could use it as an income-replacement tool to fill the financial gaps you may leave behind.

CAA offers three kinds of Term Life Insurance Plans. How do you know which one you may need? Consider each of the situations below and see which one most closely reflects your own.


If you are: single or recently married planning a family planning to buy your first home on a limited budget	If you: are single or married have a growing family own a home have moderate debt will pay for university or college	If you: have one or more mortgages are paying for university or college are caring for an elderly parent have moderate to high debt
Money may be tight with all the new expenses coming your way. Despite the many demands on your income, keep your eye on future security in the face of these immediate demands. The lower rates of a 5-year plan may be a practical choice for you right now. Plus, the younger you are when you apply, the more affordable it will be because rates are guaranteed not to increase for up to five years. Read more	Your life has probably changed in ways you never expected. You now have long- term commitments that make reducing your debt and fulfilling your dreams a challenge. The long-term protection of a 20-year plan can help cover your family’s growing needs. You’ll get affordable rates guaranteed not to increase for up to 20 years. Read more	This could be some of the most enjoyable and fulfilling times of your life. All these years you’ve worked hard to provide a comfortable life for you and your family. The best part awaits — kids moving out, retirement, even grandkids! With a lifetime plan, you’re covered for the rest of your life so no matter what time brings, your family is always protected. You pay the same rate up to age 99 — rates are guaranteed never to increase. Read more

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