CoverMe 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 CoverMe 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.
CoverMe Term Life plan is the Manulife's best term life insurance product for individual protection that designed for people that have limited financial budget.  
Manulife CoverMe Term Life Insurance is a simple, affordable and flexible coverage to fit to your lifestyle that can help you manage several aspects of your finances. It can be useful in growing your family, taking care of your mortgage debts and financing your children's education. This plan can help protect your family’s financial security and also give you peace of mind by leaving a benefit to cover their expenses if something happens to you.

What Are the Benefits?

Manulife understands your financial situation due to your growing family that's why CoverMe Term Life plan created to help get you covered even with a limited budget so that you only pay for the coverage you need and your rates are guaranteed not to increase for 10 years.

A coverage option that you and your family can count on when you need it most

Several coverage benefits are available for you for this plan. Like having a 30-day money-back guarantee if ever decided to not continue the plan and many more that listed below.

This popular plan has several benefits outlined below:

  • You can apply before your next birthday to enjoy a lower rate.
  • No medical exam needed upon renewal (every 10-year) of the plan, up to 85 years and your coverage will not be cancelled as long as your premiums are paid.
  • The plan can be easily converted to a permanent life insurance at anytime before turning 70 without providing any medical information and undergoing a medical exam but few restrictions are involved.
  • Get a one-time cash advance of up to 50% of your coverage, to a maximum of $100,000, if you’re diagnosed with a terminal illness with less than 12 months to live. You must be less than 83 years of age and your policy must have been in effect for at least two years.
  • Purchase your coverage with confidence, with a 30-day money-back guarantee
  • You must be less than 83 years of age and your policy must have been in effect for at least two years.
  • AIR MILES reward miles are available to earn.


Plan Details

  • Your beneficiaries receive a tax-free, lump-sum benefit after your death
  • Stay protected for a 10-year term with no increases in premium
  • Coverage options that meet your needs:
    a) $100,000 to 1 million in coverage if you’re between 18 and 70
    b) Up to $250,000 in instant* coverage if you’re between 18 and 55–no medical exam required; simply complete a quick health questionnaire when you apply



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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