CoverMe® Guaranteed Issue Life Insurance: guaranteed acceptance with any medical history

Depending on your medical history and current health, it can be hard to find life insurance at any price. With Guaranteed Issue Life, your acceptance is guaranteed after we receive your first premium.

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Get the protection your family needs, with no health questions and no medical exam. 

With Guaranteed Issue Life, you can stay insured for life. Your coverage will never decrease, and your premiums will never increase. You can save substantially on your premiums if you don’t smoke.

Who's eligible

  • Canadian residents
  • Age 40 to 75

What it pays

  • $5,000 to $25,000 
  • An additional 4 times the amount of your coverage, in case of accidental death before age 85
  • Up to 50% of coverage as a one-time cash advance if you are terminally ill with 12 months or less to live (available after you've held your policy for two years)
  • No restrictions on how you spend the money

Fast application

  • No medical questions
  • No medical exam
  • You're protected as soon as we approve your application and receive your first premium

Stay covered for life

  • Keep your policy as long as you choose
  • Your benefit amount won't change
  • Your premiums won't change
  • Stay covered with no more premiums after you turn 95

Save when you apply before your next birthday

  • Life insurance premiums are based on your sex, smoking status and age. By applying now, before your next birthday, you can lock in a lower premium for life.

Try it out with no obligation

  • All our plans have a 30-day money-back guarantee. If you are not completely satisfied, simply return your policy to Manulife within 30 days of the issue date. We will cancel your coverage, no questions asked, and refund all of your premiums.

CoverMe® Guaranteed Issue Life Insurance Important Notice

This is not a contract. Actual terms and conditions are detailed in the CoverMe® Guaranteed Issue Life Insurance policy Manulife issues after approving your application. It contains important details concerning exclusions, conditions and limitations. Please review it carefully when you receive it. 

Limitations and exclusions

Benefits will not be paid if death results from suicide or, directly or indirectly, from a pre-existing condition within two years of the effective date of the policy. In the case of suicide, we will return all premiums paid without any interest adjustment. In the case of a pre-existing condition, we will return all premiums paid, plus 10% interest compounded annually. A pre-existing condition means any injury, illness or physical condition, whether diagnosed by a physician or not, for which medical treatment was sought, recommended, required or obtained, or for which drugs were prescribed and/or taken within the two years leading up to the effective date of the policy.

Does this plan seem like a good match for your needs?

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CoverMe® Easy Issue Life Insurance

Get essential life insurance in place quickly. Apply by answering just two medical questions. It's easy to understand, easy to apply for and easy to get.

CoverMe® Term Life Insurance

Get a solid foundation of term life insurance at an affordable price. Pay only for the coverage you need and, if eligible, convert to permanent life insurance later.

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Find out how much life insurance you need.

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Top 5 questions about life insurance

Term life insurance provides coverage for a specific period of time and then could renew. Permanent life insurance provides coverage for life. 

A death benefit is the amount paid to your beneficiary if you die while your life insurance plan is in effect. A living benefit is the amount paid to you when you meet certain conditions. For example, you can receive part of your CoverMe Life Insurance death benefit while you are alive if you are diagnosed with a terminal illness with less than 12 months to live. 

There are two main ways to help your family pay off your mortgage if you pass away: mortgage life insurance and term life insurance. 

Mortgage life insurance typically pays the death benefit to the lender. The coverage amount declines as your mortgage balance decreases, but your premiums stay the same. If you switch mortgage providers, you generally have to reapply for mortgage life insurance.

Term life insurance pays the death benefit to your beneficiary, not the lender, and your beneficiary can decide how to spend the money. The coverage amount and your premiums stay the same during your plan's term. You own your coverage so you can keep it if you switch mortgage providers.

Term life insurance premiums stay the same during your plan's term. They increase when your plan renews at the end of a term.

You can generally keep renewing term life insurance without medical questions until you reach the maximum age set for your plan.

See all questions about life insurance

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