Manulife Financial | Manulife Life Insurance

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President & CEO: Donald A. Guloien             

AM Best Rating: A+

Assets: $226.5 billion

Net Income: $129 million

New Premiums Written (sales): $2.3 billion

Address:

250 Bloor St. East Main C-28
Toronto, Ontario
N2J 4C6

Toll Free: 1-888-626-8543
In Quebec: 1-888-626-8843
Phone: 519-747-7000
Fax: 519-747-6116

Web Address:www.manulife.ca
Email Address:

* Info courtesy of AM Best.com 2011

*Manulife Q4 2011 Fact Sheet

Manulife Financial’s disability insurance lineup has five products. Their Proguard Series is geared toward professionals. This is their flagship policy, and includes many built-in features. The plan has elimination periods from 30 days to 2 years. Benefit periods range from 2 years, 5 years and to age 65. The insured’s benefit can range from $200 to $24,500 a month.

The Proguard plan also offers a whole host of riders, including a cost of living rider to keep in line with inflation; a specific occupation rider for specialized occupations such as surgeons; and variety of return of premium riders that allow the insured to receive some of their premium back for staying healthy.

Another of Manulife’s disability plans is the Venture Series—a lower cost disability plan which fits the needs of all types of occupations. The Venture plan has less standard features than the Proguard series, but is available for full-time and part-time workers.

The ExpenseComp plan reimburses office overhead expenses for a small business or professional practice during disability. This plan has a maximum benefit period of 24 months.

Manulife’s Buy-Sell Plus provides funds for the healthy owners of a partnership or small business to buy out the shares of a disabled partner. The plan is unlike traditional disability coverage in that it pays out a lump sum rather than a monthly benefit.

Lastly, Manulife has a personal accident plan available for the blue-collar worker or the difficult to insure.

  1. Manulife Financial policies
    Rating of Manulife Financial policies from independent insurance expert Lorne S. Marr.

Manulife Financial News

Manulife Financial Policies

Pluses:

1. They offer preferred rates on both their term and permanent policies.
2. Very competitively priced term and universal life plans.

Minuses:

1. They do not have term policies longer than 20 years, except for their Term 100 plan.
2. Their Term plans are only renewable to age 80, but many of their competitors Term plans are renewable to 85 or older

1 year stock chart for Manulife Financial Corp.


The above stock charts are for the parent company, Manulife Financial Corp. of which Manulife Financial is a subsidiary. These stock charts are for informational use only and are meant to reflect the current financial well-being of the parent company.

LSM Manulife Financial Policy Reviews

Posted by .

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.

8 Comments

  1. Manulife supports earthquake relief efforts in China 05/21/2008 at 9:39 am

    [...] Manulife Financial and its staff and agents are donating at least RMB2million (CAD284,000) to support the relief efforts in the areas of China affected by Monday’s earthquake. [...]

  2. Hundreds to Bike and Hike for Health 05/30/2008 at 7:25 am

    [...] the streets and paths to raise $200,000 for St. Mary’s Regional Cardiac Care Centre. Sponsored by Manulife Financial since 1993, this year’s Bike and Hike takes place Sunday, June 1. To date, the Bike and Hike has [...]

  3. A new name: Manulife Securities 07/09/2008 at 4:33 am

    [...] financial organizations serving more than 1,500 investment professionals, with the backing of Manulife’s overall strength and expertise,” he added. “We have a new look and are focused [...]

  4. Manulife’s competitive Universal rates 07/17/2008 at 8:42 am

    [...] [...]

  1. Life Insurance Canada 07/28/2008 at 5:30 am

    [...] a single policy, resulting in one policy fee and a 3% discount – terrific savings. In fact, Manulife combined life coverage often costs less than its competitors’ joint first-to-die [...]

  2. Manulife’s Combined Coverage 07/28/2008 at 5:32 am

    [...] a single policy, resulting in one policy fee and a 3% discount – terrific savings. In fact, Manulife combined life coverage often costs less than its competitors’ joint first-to-die [...]

  3. Children’s term rider from Manulife 08/01/2008 at 5:36 am

    [...] life insurance coverage without new medical evidence. That on its own is unique in the industry. Manulife goes even further, allowing $100,000 of that coverage to be critical illness insurance. There are [...]

  4. Children’s term rider from Manulife 08/01/2008 at 5:43 am

    [...] life insurance coverage without new medical evidence. That on its own is unique in the industry. Manulife goes even further, allowing $100,000 of that coverage to be critical illness [...]

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