Your acceptance is guaranteed - regardless of your health or medical history
Having trouble finding affordable life insurance because of your age or health? If you are between 40 and 75 and apply for CoverMe Guaranteed Issue Life insurance your acceptance is guaranteed. 1
It doesn't matter what your current health is or if you have a medical condition. You cannot be turned down. There are no health questions and no medical exams when you apply. 2
Your premiums will never increase and your coverage - from $5,000 to $25,000 - will never decrease. If you die accidentally before age 85 your benefits will increase 5X. That means your beneficiary could receive up to $125,000.
Your acceptance is guaranteed -
no medical questions asked
If you are a Canadian resident between the ages of 40 and 75 your acceptance is guaranteed - with no medical questionnaires or exams when you apply. You cannot be turned down.
Choice of coverage amounts
You can choose the coverage amount that's right for you and your budget - from $5,000 to $25,000.
Significant savings for non-smokers
Non-smokers enjoy up to 20% savings on their premiums compared to smokers.
Premiums will never increase - guaranteed
We guarantee that your premiums will not go up.
Coverage will never decrease - guaranteed
We guarantee that your coverage will not decrease.
Coverage can never be cancelled.
Your coverage can never be cancelled by us for any reason, including changes in your health, as long as your premiums are paid.
Benefits increase 5X in case of accidental death
If you die as the result of an accident (as defined in your policy) before age 85, and your policy has been in effect for two years, your beneficiary will be eligible to receive five times your coverage amount.
Living Benefit included - at no additional cost
You will be eligible to receive a compassionate one-time cash advance of up to 50% of your life insurance coverage if you are diagnosed as terminally ill with 12 months or less to live.3
Premium-free coverage after age 95
And after you celebrate your 95th birthday, your coverage will continue without you having to pay another premium ever again
Choice for your Beneficiary
Your beneficiary isn't taxed on the benefit amount. They can use the lump-sum payment towards final expenses and funeral costs, outstanding debts and loans, living expenses... The choice will be theirs.
Protection for a lifetime
This life insurance plan will protect you/your family for your entire lifetime, as long as your premiums are paid.
Flexible payment options
Choose the payment method that suits you best: Visa, MasterCard, American Express or direct monthly withdrawal from your chequing account by Pre-Authorized Debit.
Earn AIR MILES« reward miles
When you pay your premiums monthly by credit card or pre-authorized debit, you have the opportunity to collect AIR MILES« reward miles every year as a CoverMe Guaranteed Issue Life policyholder.
Applying is fast and easy
Life insurance is an essential part of any sound financial plan. Apply online in the comfort of your home, when it's convenient for you.
1 Acceptance is guaranteed upon receipt of initial premium payment.
2 Coverage must be in force for at least 2 years before the Life Insurance amount you choose becomes payable. The only health-related question you will need to answer is whether or not you are a smoker, which is used to determine your premium.
3 To be eligible for the CoverMe Guaranteed Issue Life insurance Living Benefit, you must be less than 83 years of age and your policy must be in effect for at least two years.
Life insurance premiums are based on your gender, smoking status and your age. Apply now - before your next birthday - and you'll save money by locking in at the lower premium, which will never increase for as long as you are covered!
Once you receive your CoverMe Guaranteed Issue Life insurance policy, review it carefully. 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.
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 Life Benefit Amount|
Following the first 2 years of coverage
|Cause of Death||Benefit Payable|
|Suicide||Life Benefit Amount|
|Non-accident||Life Benefit Amount|
|Accident (85 years of age and older)||Life Benefit Amount|
|Accident (under 85 years of age)||5x Life Benefit Amount|