Manulife Guaranteed Issue Life – Simple, accessible, and guaranteed.
What’s happening
We’re providing more coverage options for everyday Canadians with the launch of Manulife Guaranteed Issue Life: permanent life insurance that provides an alternative to other underwritten life insurance.
Life insurance that provides protection for individuals for things like:
- Final expense and estate planning
- Mortgage and debt protection
- Income replacement
- Children's education
- Financial security for a family's future
Benefits
- No medical exams or health questions. Clients can obtain coverage without providing any evidence of insurability.
- Level premiums for life. Help your clients manage their budget and finances with the same guaranteed premium.
- Easy application process. The online application makes the process simple and quick for clients, with minimal wait time for coverage to start.
Product Details
- Residents of Canada aged 18 to 70 can obtain insurance coverage up to $100,000, and those aged 71 to 75 can obtain up to $50,000, across all policies.
- Subject to important limitations and exclusions within the first two years, refer to sample contract or product guide for more details.
- Clients may be eligible for a cash advance if diagnosed with a terminal illness.
- Premiums are paid monthly by pre-authorized debit which includes a monthly policy fee.
- Clients get access to certain Manulife Vitality benefits at no cost, offering rewards for healthy living
Earn rewards for healthy living with Manulife Vitality
We believe insurance is more than just financial protection. That's why anyone insured under a Manulife Guaranteed Issue Life policy will have access to Manulife Vitality GoTM at no cost.
Clients can earn Vitality PointsTM for healthy living and get discounts on popular brands, savings on a Garmin or Fitbit watch, and more.
Ready to buy or have questions
Resources
We’re here to support you
If you have any questions, reach out to us or your back office as you normally do, or click on the appropriate link in the green footer below.