President & CEO: Donald A. Guloien
AM Best Rating: A+ (Superior)
Assets: $483.19 billion
Net Income: $1.7 billion
Insurance Sales: $2.3 billion
Financial Size Category: XV ($2 Billion or greater)
FSR Outlook: Stable
Best’s Issuer Credit Rating: a-
ICR Outlook: Stable
As of Date: 12/20/12
Organization Type: Stock
Specialty Lines of Business: Life, Living Benefits, Mutual Funds, Private Wealth Management, Annuities, Guaranteed Interest Contracts, High Interest Savings Accounts, Mortgages & Investment Loans, Group Life, Health, Disability & Retirement, Travel Insurance, Creditor Insurance, International Employee Benefits Management.
Marketing Type: Independent Agency Broker
*Information courtesy of AM Best Key Ratings Guide 2013 and Manulife Financial’s Annual Report 2012
250 Bloor St. East Main C-28
Toll Free: 1-888-626-8543
In Quebec: 1-888-626-8843
* Info courtesy of AM Best.com 2011
*Manulife Q4 2011 Fact Sheet
Manulife Financial, similar to other Canadian life insurance companies, offers numerous products targeting clients with various insurance needs.
Though LSM Insurance is not directly affiliated to this insurer, our experienced life insurance brokers have access to products and quotes of over 20 Canadian insurers similar to the ones provided by Manulife Financial such as term life insurance quote, whole life insurance quote, universal life insurance quote, disability insurance quote, critical illness insurance quote, no medical life insurance quote, long-term care insurance quote, group benefits and others.
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.