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Manulife Business 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 Business Term Life Insurance Plan?

Several uncertainties occur in business. Every serious-minded business person must make adequate provisions to protect his/her business for the future.

Business Term Life plan is the Manulife term life insurance product for individual protection that designed for business owners.  

Manulife Business Term Life Insurance is a simple, affordable and flexible, so you can update your coverage as your business grows. The coverage provides protection for the key person in the business as well as your buy-sell funding, business collateral, and your estate tax coverage.

What Are the Benefits of Business Term Life Insurance?

Manulife Business Term Life plan is a suitable coverage to protect businesses from financial disruption. With this plan you have a peace of mind that whatever something bad happen you are guaranteed that yourself, your business partners and the key peoples in your business are financially secured.

A sure-fire way to completely protect businesses

This business plan help you to ensure that the company you’ve built continues to run with minimal disruption, your beneficiaries can cover capital gains taxes, you can act quickly to overcome business disruptions when key employees die and many more that listed below.

This popular plan has several benefits outlined below:

  • You can enhance your insurance with respect to your business growth without any need for business valuation or medical evidence.
  • Save your money with lower premiums when you combine protection for two or more people in one policy
  • 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

  • Skip premium payments if you become disabled
  • Guarantee your future eligibility for life insurance

 

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Other Manulife Term Life Products:

 

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