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Term Life — Check the Rates
Members can choose up to 60 units of $25,000 each of Term Life Insurance for themselves and for their Spouses, for a maximum of $1,500,000 per person.
The following rate reductions for volume purchases apply to these Term Life Insurance rates:
- For coverage of $500,000 or more per person, take 5% off the Term Life premiums shown below.
- For coverage of $1,000,000 or more per person, take 10% off the Term Life premiums shown below.
PLUS
From April 1, 2008 through March 31, 2009, enjoy up to
20% off as part of our 60th Anniversary celebration!
Members can add the Insurance Continuation Option to each unit of Member or Spouse Term Life coverage applied for, to receive $2,500 per unit of premium-free permanent life insurance beginning at age 75. See the rates that apply to you below:
 | MONTHLY Premium*
Per $25,000 unit of Term Life Coverage1
| For the
Insurance
Continuation
Option, add: |
Age2 | Male | Female |
Non-Smoker3 | Standard
(Smoker) | Non-Smoker3 | Standard
(Smoker) |
30 & under | $0.97
$0.78
| $2.07
$1.66
| $0.72
$0.58
| $1.27
$1.02
| $0.03
$0.02
|
31 to 35 | $1.12
$0.90
| $2.42
$1.94
| $0.87
$0.70
| $1.52
$1.22
| $0.03
$0.02
|
36 to 40 | $1.55
$1.24
| $3.20
$2.56
| $1.15
$0.92
| $2.20
$1.76
| $0.05
$0.04
|
41 to 45 | $2.42
$1.94
| $4.92
$3.94
| $1.52
$1.22
| $3.52
$2.82
| $0.08
$0.06
|
46 to 50 | $4.03
$3.22
| $7.78
$6.22
| $2.78
$2.22
| $5.13
$4.10
| $0.12
$0.10
|
51 to 55 | $6.16
$4.93
| $12.96
$10.37
| $4.31
$3.45
| $7.26
$5.81
| $0.19
$0.15
|
56 to 60 | $8.38
$6.70
| $19.38
$15.50
| $5.78
$4.62
| $11.63
$9.30
| $1.02
$0.82
|
61 to 741 | $11.20
$8.96
| $28.60
$22.88
| $7.35
$5.88
| $16.95
$13.56
| $2.65
$2.12
|
75 | Term Life Coverage ends | Insurance Continuation Benefit begins |
* Premiums are subject to change without notice. Premiums increase as you enter a new age bracket.
1 At age 66, coverage reduces each year by $2,500 per unit.
2 “Age” means age attained as of the policy anniversary date (April 1). Please note that premiums increase as you reach certain ages, as shown in the table of Monthly Premiums.
3 “Non-Smoker” premiums apply to Members and Spouses who have not smoked cigarettes in the last 12 months and who meet Manulife Financial’s health standards. Once insured, you must notify Manulife Financial of any change in your smoking status.
Note: Regular premium rates will apply to coverage in force after March 31, 2009.
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