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Manulife Family Term Life Insurance

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What is Term Life Insurance?

Term life insurance is a life assurance that provide coverage at a fixed rate of payments for a limited period of time in the event of death of the insured persons. There are two basic 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.

What is Family Term Life Insurance Plan?

Taking out a life insurance plan is one of the most difficult and selfless acts a person can accomplish. You are contemplating the unknown, but you are doing it for the benefit of those who will be left behind.
Family Term Life plan is the Manulife's affordable and flexible term life insurance product for family under the life insurance category. 
It is a coverage designed to match with your changing lifestyle and budget. It can fit in perfectly irrespective of your needs, lifestyle, and income. With this plan, families can maintain a comfortable lifestyle, settle their debts and mortgages without much ado. You can also take care of your children’s education easily and conveniently and at the same time save for your retirement.

What Are the Benefits of Family Term Life Insurance?

A lot of considerations are necessary to make sure you’re leaving your dependents in solid financial shape.

Help protect your family with Family Term Life Insurance plan.

The Family Term life insurance plan provides coverage that fits benefits and features that can help disabled people manage their lives more with ease. Options are available for disabled people to skip their premium and you can even get a cash advance if you are diagnosed with an incurable illness.

This popular plan has several benefits outlined below:

  • Irrespective of your children’s health status, you can protect them and they can get their own life insurance coverage.
  • You can protect your spouse, parents, children, grandchildren and so forth, under one policy.
  • You also enjoy lower premium when you have at least two people under one policy.
  • Riders are provided to help you in tailoring your coverage to suit your needs.
  • The plan can be easily converted to a permanent life insurance without going through the underwriting process.

 

Core Plan

  • Choose $100,000 to 20 million in coverage
  • Pay level premiums for 10 years, 20 years, to age 65 or for life
  • Cover your family’s bereavement counseling costs up to $1,000
  • Get a cash advance if you are diagnosed with a terminal illness

 

Optional Add-ons

  • Get protection in case of serious injuries or accidental death
  • Skip premium payments if you become disabled
  • Guarantee your future eligibility for life insurance
  • Help protect your children and guarantee they can get their own life insurance in the future, regardless of their health

 

 

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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