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Term Life

Term Life Insurance for Costco Business and Gold Star members

It’s not always easy to think about what might happen to you in the future. Term Life Insurance for Costco Business and Gold Star members can make it a little easier. This affordable plan will pay the entire benefit amount you choose, from $50,000 to $750,000, to the person you choose (your beneficiary) in case you die and are no longer there to help them.

The benefit amount you choose can help pay for:
  • Debts, including the mortgage or rent
  • Day-to-day expenses and bills
  • College or university tuition
  • Final expenses
  • Retirement
  • And much more

Here's what you can get:

  • Flexibility: You now have increased flexibility with increased coverage amounts, from $50,000 to $750,000. Choose your coverage amount based on your needs and budget, in increments of $25,000. Need help deciding? Try our needs calculator.

  • Volume discount: Save 10% on coverage amounts of $200,000 or more.

  • Non-smoker savings: Save even more with lower non-smoker rates. Check out our rate chart.

  • Cash advance: With the Living Benefit, you’ll be eligible to receive a cash advance of up to 50% of your coverage amount, to a maximum of $100,000, if you’re diagnosed with a terminal illness with less than 12 months to live.

  • Pay the same rates for 5 years – guaranteed: After the first 5 years, you’ll pay the new rate for the next 5 years. There are no new medical questions or tests to complete. Once you’re insured, your coverage is guaranteed even if your health changes, as long as you make your payments.

  • No medical tests normally required: If you are 55 years of age or under and in good health, you could qualify for coverage of up to $250,000 with no medical tests normally required.

  • Conversion option: Though coverage ends at age 75, you can choose to convert to permanent coverage before age 75 – and you won’t have to undergo a medical exam or answer health questions.



What is not covered

Get a free quote and apply online, check the rates, or download an application today!

The Term Life Insurance Plan for Costco members is only available to Costco members. If you are not a Costco member, visit your local Costco warehouse for information on how you can become one.

If you need assistance, call Manulife Financial toll-free today at 1 866 350-6669, Monday through Friday from 8 a.m. to 8 p.m. ET
or e-mail

Coverage underwritten by The Manufacturers Life Insurance Company (Manulife Financial)

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