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.
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.
Life Insurance for Unemployed Canadians
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.
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.
Learn more about your other Manulife insurance options from these informative articles.