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Manulife Innovision Universal Life Insurance

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 InnoVision UL Insurance Plan?

“Life Insurance for Business Owners”

Your life is busy, and your family or business needs may change often. You need life insurance that will grow and change with you to help protect the people who matter most. The good news is that with InnoVision UL insurance, you can customize and improve your life insurance coverage depending on your changing needs.

InnoVision Universal Life Insurance plan is the Manulife life insurance product for individual protection that is designed for Canadian business owners. It’s a full-featured, flexible insurance coverage that you can customize to fit to your current and future needs.

This insurance plan is easy to manage and understand that perfectly tailored to meet the Canadian business owners needs and conditions.

What are the benefits of InnoVision Universal Life Insurance?

The InnoVision Universal Life Insurance coverage starts at $100,000. This plan makes super-easy to leave a tax-free legacy for your beneficiaries. It is an easy way to build tax-deferred or tax-free assets. This coverage is easily customizable with respect to your present needs and preference. It can be leveraged to improve your business and ensure important people in your venture.

A customizable Life insurance that perfect for your family or business changing needs.

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

This popular plan can gives you:

It gives you the opportunity to save money on insurance costs, especially if you live a healthy lifestyle.
It help protect wealth transfers to your beneficiaries and maximize your investment returns on a tax-deferred basis.
You have options to choose between premiums that increase yearly or pay a little extra for premiums that never increase.
Two extra added options are provided. You can choose to have your investment account’s management fees reduced or earn loyalty bonus.
Access your cash value tax-free if you become disabled.
Leave a tax-free legacy for your loved ones
Build assets tax-deferred or potentially tax-free
Customize your protection
Insure key people in your business
Exercise partner/ shareholder buy-outs

Plan Details

Coverage starts at $100,000
Choose from over 50 investment accounts
Choose your reward: a loyalty bonus or lower management fees on investment accounts
Guaranteed insurance costs subject to certain conditions
Guaranteed minimum interest investment accounts

Optional Add-ons

Invest with tax advantages
Add term life insurance
Get protection in case of accidental death
Help protect your benefit from inflation
Skip premium payments if you become disabled subject to certain conditions
Guarantee your future eligibility for more life insurance for yourself and as a business owner (based on the growth of your business)
Help protect your children and guarantee they can get their own life insurance in the future, regardless of their health