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CoverMe Guaranteed Life Insurance

CoverMe™ Guaranteed Issue Life Insurance

The CoverMe Guaranteed Issue Life plan offers you real peace-of-mind with guaranteed acceptance.

Perhaps you would like to leave your spouse an extra financial cushion, or maybe you don't want your family to worry about your final expenses or debts. Or maybe, you'd like to leave a little something to your children or grandchildren.

CoverMe Guaranteed Issue Life insurance provides coverage from $5,000 to $20,000 without completion of a medical questionnaire or exam at the time you apply. Your acceptance is guaranteed, regardless of your health-so that you can give your loved ones an extra measure of protection that you can be sure of.

Your premiums will never increase, and your coverage amount will never decrease, for as long as you are covered. For Canadian residents between the ages of 40 and 75, the CoverMe Guaranteed Issue Life insurance plan offers real peace-of-mind.

Plan Details

Our Guarantee

We understand that buying life insurance is a very important decision that requires careful thought.

Because we want you to be completely satisfied with your CoverMe Guaranteed Issue Life insurance, we offer you the following guarantee:

If you are not completely satisfied, you may return your policy to Manulife Financial within 30 days of the issue date to have your coverage cancelled, and your entire premium will be promptly refunded. No questions asked.

CoverMe Guaranteed Issue Life Insurance Plan Details

The CoverMe Guaranteed Issue Life plan offers coverage between $5,000 - $20,000.

Recognizing that different people have different priorities regarding life insurance, the CoverMe Guaranteed Issue Life insurance plan offers coverage levels from $5,000 - $20,000. You can choose the amount of coverage that's right for you and your family.

Your acceptance is guaranteed, no medical questions asked.

Unlike most life insurance coverage, the CoverMe Guaranteed Issue Life insurance plan does not require medical underwriting. If you are a Canadian resident age 40 to 75, acceptance of your application is guaranteed upon receipt of your initial premium payment, without completion of a medical questionnaire.

Your benefit increases to five times the coverage amount in the case of accidental death before age 85.

This means that if, for instance, you choose the $20,000 benefit amount and die before age 85 of a bodily injury caused by accidental means (as defined in the policy) while your policy is in force and provided your policy has been in place for at least two years, your beneficiary could receive up to $100,000.

When the unthinkable occurs Manulife Financial will pay your CoverMe Guaranteed Issue Life benefit, as outlined below.

During the first 2 years of coverage

Cause of Death Benefit Payable
Suicide, while sane or insane Refund of 100% of the premiums paid, without interest
Non-accident* Refund of premiums paid plus 10% interest compounded annually
Accident 5x Death Benefit Amount

Following the first 2 years of coverage

Cause of Death Benefit Payable
Suicide Death Benefit Amount
Non-accident Death Benefit Amount
Accident (85 years of age and older) Death Benefit Amount
Accident (under 85 years of age) 5x Death Benefit Amount
*Coverage must be in force for at least 2 years before the Life Insurance amount you choose becomes payable.

A Compassionate Cash Advance puts you first, when you need it most.

The CoverMe Guaranteed Issue Life plan includes a Living Benefit at no additional cost. If you are diagnosed with a terminal illness with less than 12 months to live, you will have the option of applying to receive up to 50% of your coverage amount, provided your coverage has been in effect for at least two years. You can use that money however you wish - for paying down a loan, medical expenses or simply to enjoy your time with your loved ones. The choice is yours.

Your premiums will never increase.

You can easily budget for CoverMe Guaranteed Issue Life insurance, because we guarantee that your premiums will never increase for as long as you are covered.

Your coverage amount will never decrease.

We guarantee that your coverage will not decrease. You never need to worry: the protection you planned for will be available to your loved ones.

Your coverage can never be cancelled.

Your coverage can never be cancelled for any reason, including changes in your health, as long as your premiums are paid. Of course, you can choose to cancel this protection at any time.

And you can enjoy premium-free coverage after age 95.

Your coverage is guaranteed to continue - without the need for any additional medical information, even if your health changes. And after you celebrate your 95th birthday, your CoverMe Guaranteed Issue Life insurance coverage will continue without you having to paying another premium again!

Apply Before Your Birthday

Life insurance premiums are based on your gender, smoking status and your age.

Apply now, before your next birthday, and you will save money by locking in at the lower premium - which will never increase for as long as you are covered!

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