Manulife’s Cover Me Guaranteed Issue Life Insurance Pricing

Posted on November 26, 2010 and updated December 13, 2010 in Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Manulife Financial, Non-medical 1 min read

Manulife‘s Cover Me policy is available with no medical tests or health questions. The applicant’s acceptance is guaranteed. The policy is available in four face amount increments; $5,000, $10,000, $15,000 and $20,000. The death benefit is limited, for non-accidental death during the first to policy years, to a return-of-premium plus interest.

The following is pricing for a 50-year-old, male non-smoker:

$5,000 of coverage is $13.15/month.

$10,000 of coverage is $26.30/month.

$15,000 of coverage is $39.45/month.

$20,000 of coverage is $52.60/month.

A 40-year-old, female non-smoker would pay the following premium:

$5,000 of coverage is$10.90/ month.

$10,000 of coverage is $21.80/month.

$15,000 of coverage is $32.70/month.

$20,000 of coverage is $43.60/month.

For more details on guaranteed issue policies in Canada, please contact us at 1-866-899-4849 or visit our Non-medical Life Insurance Quote Page.