Manulife provides Life Insurance, Health & Dental Insurance, and Travel Insurance specifically for Costco Wholesale customers including savings for Costco Executive members.
Manulife is a global financial services group providing a variety of services in Canada, Asia and Europe, and primarily as John Hancock in the United States. It has over 40,000 employees, over 116,000 agents serving ~34 million customers worldwide, and over $1.3 trillion in assets under management and administration. In Canada, Manulife is the largest Life Insurance company based on assets, closely followed by Canada Life and Sunlife Financial.
| COVERAGE $500,000 | MALE, NON-SMOKER $ PER MONTH | FEMALE, NON-SMOKER $ PER MONTH |
|---|---|---|
| TERM 5 for 30 years old | $44/month | $33/month |
| TERM 10 for 30 years old | $32/month | $26/month |
Pros:
Cons:
| Term lengths & issue ages | Face amounts | Unique features | Optional benefits |
| Term 5: 18 – 65 Term 10: 18 – 75 | ⦁ Term 5 – from 50,000$ up to a maximum of $750,000 ⦁ Term 10 – from 50,000$ up to a maximum of $1,000,000 | ⦁ No medical tests typically required at time of application, up to age 50 ⦁ 30-day money back guarantee | ⦁ Accidental Death & Dismemberment, Income Protection Disability |
| Issue ages | Face amounts | Unique features | Optional benefits |
| ⦁ Guaranteed acceptance if you apply within 60 days of your group plan ending | • From $25,000 up to a maximum of $200,000 | ⦁ 30 day money-back guarantee ⦁ Guaranteed renewable up to age 80 | ⦁ Living benefit at no extra cost |
