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
Get your InnoVision Universal Life Insurance Quotes and Compare!
Other Manulife Life Insurance Products:
- Manulife Par Whole Life Plan
- Performax Gold Whole Life Plan
- Security UL Universal Life Plan
- Manulife UL Universal Life Plan
- CoverMe Guaranteed Issue Life Plan
- FollowMe Life Plan
- Manulife Synergy Insurance 3-in-1 Plan
More informative articles:
- Understanding Life Insurance: A Guide for Canadian Citizens
- Why Is Life Insurance Important? Here Are 10 things You Didn’t Know
- How Life Insurance Works: What Millennials Need to Know
- Do I Need Life Insurance? The Best Phase of Your Life For Life Insurance
- Understanding the Ins and Out of Life Insurance Payout After Death
- Read more Life insurance articles here
Need an Insurance Quote?
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Speak to a Customer Services Representative: 1-877-574- 7475
- Contact Group Benefits: 18002686195
- Affinity Markets and CoverMe: 1‑800‑268‑3763
- Health care providers and dental providers: 1‑800‑268‑3763
- Individual insurance: 1‑888‑626‑8543
- Individual insurance – Former Standard Life: 1‑888‑841‑6633
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