Manulife UL Universal Life Insurance

Manulife UL Universal 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 Manulife UL Universal Life Insurance Plan?

"Life Insurance with Cash Value"

Your life insurance and financial needs won’t always be the same. Today, you may be looking for simple, permanent protection—but it’s nice to know you have the option to enhance your coverage in the future.
Manulife UL Universal Life Insurance plan is the Manulife life insurance product for individual protection that is simple, straightforward, cost-effective and upgradeable policy coverage with cash value accumulation.  
It is great insurance coverage for those who intend to leave legacies for their loved ones. The coverage gives the insured the leverage to build cash values that can be used for any purpose. It also gives you the ease and flexibility to manage your money and easily minimize the impact market volatility could have on your investment.

What are the benefits of Manulife UL Universal Life Insurance?

The Manulife UL Universal Life Insurance provides seamless management with a low management fee structure. Moreover, your managed accounts can be easily improved and it is available for both hands-on and hands-off investors.

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

This popular plan can give you:

  • Leave a tax-free legacy for your loved ones
  • Build cash value you can access later (withdrawals may be taxed)
  • Potentially reduce the impact of market volatility on your investments
  • Benefit from potentially higher returns on managed accounts
  • Take advantage of potentially lower investment account management fees
  • Create collateral you can use for a bank loan
  • Get as involved as you like in managing your money based on your investment style and the level of risk you’re willing to take
  • If you have better than average health and lifestyle characteristics, you may save money on insurance costs
  • Choose premiums that increase annually or choose to pay insurance costs that don’t increase


Plan Details

  • Coverage starts at $50,000 or $100,000 depending on the options chosen
  • Choose from a wide range of investment account options or opt for the simplicity of one investment account linked to the Performax Gold Investment Fund
  • Low management fee structure
  • Guaranteed rate enhancement on managed accounts
  • Guaranteed premium for a shorter, guaranteed period of time


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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