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Being A Couple

Learn more about Brian & Jill Mackenzie

Getting married can mean big changes in your life. Your priorities change. It's a time to re-evaluate your personal goals and dreams. As a couple, understanding how you depend on each other is crucial for planning a secure future.

Here are some insights on how to provide important protection for your partner.

Understand your changing priorities

Being a couple means depending on each other for many different things.

You may already be combining your incomes or sharing expenses and bill payments. You may have taken on joint responsibilities such as a car loan, mortgage or combined savings plan.

Understanding how you depend on each other is crucial for planning a secure future. If something were to happen to you, such as a serious accident or even death, what would the financial impact be?

Would your partner be able to pay the rent or mortgage? Would he or she be able to continue the responsibilities you've taken on together, such as a car or furniture loan? What about your funeral costs and final expenses, which can easily range from $6,000 to $10,000 or more?

The financial impact of your death - or even a serious illness - could be devastating to those you love.

Get protection

As a couple, you should consider life insurance to protect your spouse in case you die.

Life Insurance

But what type of insurance is right for you? Should you buy permanent life insurance or term life insurance?

Term life insurance offers affordable premiums and flexibility. However it is important to know that, unlike permanent life insurance, term life insurance has no additional cash value.

Term Life is a renewable term life insurance plan. If your application is approved, your premiums are guaranteed to remain the same for the initial 10-year period. You can apply to increase or decrease your coverage to suit your changing needs throughout your life. You can also renew your coverage automatically up to age 85 without answering any additional medical questions.

With Term Life insurance, you'll get peace of mind knowing you're protecting the ones you love.


Individual circumstances may vary. You may wish to contact one of Manulife’s licensed insurance advisors or your licensed insurance agent if you need advice about your insurance needs.