Manulife CoverMe
CoverMe Critical Illness Insurance

CoverMe Critical Illness Insurance

Few of us want to contemplate the reality of being diagnosed with a serious illness. Even fewer of us have given any thought to how we'd cope financially. And although the odds of surviving a critical illness are better than ever, consider these statistics*:

  • An estimated 177,800 new cases of cancer occurred in Canada in 2011. Approximately one in two Canadians will develop cancer; three in four will survive1.
  • Heart attacks strike 70,000 Canadians each year2.
  • Strokes hit 50,000 Canadians each year3.
  • Over 13,000 Canadians undergo surgery every year to replace aortic valves4.
  • Nine in ten Canadians (90%) have at least one risk factor for heart disease or stroke5.

Living with a critical illness can be a huge challenge - not only physically and emotionally - but also financially. During your recovery, you may end up having to pay for healthcare services, special drugs and supplements, and homecare expenses not covered by your government health insurance plan. You might even have to travel, to get the medical attention you need. Add all of this to your regular household bills, and the financial consequences of surviving a serious illness could add up very quickly.

You can't predict the future, but you can be prepared for it!

With the simple, accessible and affordable protection offered by the CoverMe Critical Illness insurance plan, you'll have the security of knowing that should you be diagnosed with one of the five covered illnesses or conditions, you'll qualify to receive a one-time, lump-sum benefit of $25,000, $50,000 or $75,000 – paid directly to you, to spend however you wish.

So you'll have fewer financial worries and be able to focus on what's really important - making a full and speedy recovery.

1 Source: Canadian Cancer Society 2011
2 Source: Heart and Stroke Foundations of Canada 2012
3 Source: Heart and Stroke Foundations of Canada 2012
4 Source: Heart and Stroke Foundation 2007
5 Source: Tracking Heart Disease and Stroke in Canada. Released June 2009.
Plan Details

Our Guarantee

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

Because we want you to be completely satisfied with your CoverMe Critical Illness insurance, we offer you the following guarantee:

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

CoverMe Critical Illness Insurance Plan Details

A $25,000, $50,000 or $75,000 benefit paid directly to you - to spend however you wish.

As a CoverMe Critical Illness plan policyholder, you are eligible to receive a $25,000, $50,000 or $75,000 lump sum benefit, 30 days following the diagnosis of Cancer, Heart Attack or Stroke, or the undergoing of Coronary Bypass or Aortic surgery. The benefit is paid directly to you, to spend any way you please. Pay medical expenses, retrofit your home, alleviate debt, travel … use the money however you wish.

Protection made easy - no medical questionnaire is required.

You are eligible to apply for this valuable coverage if you are between the ages of 18 and 65 years and are a Canadian resident. Best of all, completion of a medical questionnaire is not required. A declaration of your good health is all that's needed.

Once covered, you can keep your CoverMe Critical Illness coverage up to age 75, regardless of any changes in your health or occupation. Even if your health declines, your coverage cannot be cancelled, as long as your premiums are paid. Of course, you can cancel this protection at any time.

Health Service Navigator®*

With Health Service Navigator, you and your eligible family members can quickly and easily get answers to your questions and access to support services. Easily accessible on the web or with a simple call to a dedicated toll-free line, you will be connected to Health Service Navigator where you can receive information, medical coordination services and resources on how to navigate the Canadian health care system. And, if you want a second opinion from a world-class hospital, Health Service Navigator will help you get it.

Return of Premium Option

We sincerely hope you never become critically ill. That's why we also offer a Return of Premium Option. When you purchase the CoverMe Critical Illness plan with the Return of Premium Option and you reach your 75th birthday without making a claim, Manulife will reimburse all the premiums you paid —– up to 100% of your benefit amount. That means you could receive up to $25,000, $50,000 or $75,000 depending upon the coverage you purchase!

If you are between 18 and 55 years of age, and a Canadian resident, you are eligible to apply for this Return of Premium Option. Please note, however, that this option is only available at the time of initial application.

Affordable premiums

CoverMe Critical Illness monthly premiums are based on your age, gender and smoking status, so the younger you are when you apply, the lower your premiums will be.

And, because your premiums are guaranteed not to increase for the first five years, this coverage is easy to plan for. At the end of the first five years and every five years thereafter, as long as your policy is in force, your coverage will be renewed at your new age-based rate - without any medical questions asked.

This eliminates any concerns about your future insurability and gives you the security of knowing you'll be able to maintain this valuable protection even if your health changes.

Non-smokers enjoy additional premium savings

Non-smokers enjoy up to 50% savings on their premiums compared to smokers. If you apply as a smoker, you can still apply to switch to the lower non-smoker premiums once you've quit smoking for at least 12 months.

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