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Manulife FollowMe Life Insurance

Manulife FollowMe Life Insurance logo

What is Life Insurance?

Most people don’t like to think about the possibility of not being around, especially if they’re young and healthy. We can plan ahead when it comes to career and education goals, but planning for the possibility of an unexpected death is difficult.
Life insurance is an insurance product that provides assurance through lump-sum payment also known as "death benefits" to the beneficiaries upon the insured's death. There are two main types of life insurance: term and permanent.
Insurance is a peace of mind product. A good insurance policy assures you that your loved ones won’t suffer financially should anything happen to you. There are a number of variations of disability insurance.  

What is FollowMe Life Insurance Plan?

Life Insurance for Unemployed Canadians

Are you losing the life insurance you had through your employer because you’re changing jobs, you lost your job or you’re retiring? You can stay protected with affordable, uninterrupted life insurance for yourself and your family through FollowMe Life Insurance.
FollowMe Life Insurance plan is the Manulife life insurance product for individual protection that is designed for unemployed Canadians. It is an affordable and uninterrupted life insurance replacement for individuals that recently lost employer insurance benefits.
If you apply within 90 days of your employer coverage ending you do not need to complete a medical questionnaire at the time of application and your acceptance is guaranteed. The only health-related question you will need to answer is whether or not you are a smoker, which is used to determine your premium.

What are the benefits of Manulife FollowMe Life Insurance?

Manulife FollowMe Life Insurance coverage ranges from $25,000 up to $200,000 and keeps you covered up to age 80 even if your health changes, as long as you pay your premiums. With this Life Insurance plan, you are guaranteed that you have coverage when you really need it most.

Several policy benefits are available for you for this plan that is easy to understand and manage.

This popular plan has several benefits outlined below:

  • Apply for a one-time cash advance of up to 50% of your coverage (up to $50,000) if you’re diagnosed with a terminal illness with less than 12 months to live. Your policy must have been in effect for at least two years.
  • Keep your coverage to age 80 even if your health changes, as long as you pay your premiums.
  • Purchase your coverage with confidence, with a 30-day money-back guarantee.
  • Save up to 60% if you’re a non-smoker.
  • Earn AIR MILES reward miles.
  • Enjoy guaranteed acceptance with a quick application process — there is no medical questionnaire at the time of application if you:
    a) Are a Canadian resident between 18-69
    b) Apply and pay your first premium within 90 days of your work coverage ending

 

Plan Details

  • Your beneficiaries receive a tax-free, lump-sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need.
  • Choose $25,000-$200,000 in life insurance for yourself and your spouse—up to the same amount your work plan covered.

 

Additional resources:

Learn more about your other Manulife insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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