Manulife Financial

Life Insurance Claim Experience compared: RBC Insurance vs. Manulife vs. Empire Life

A personal story by Michael Mlotek In May 2019, my mother Helen Mlotek passed away. Being an independent insurance broker, I have done many death claims but this one was emotional. I had to deal with three insurance companies: RBC, Manulife, and Empire Life. The following is my experience. RBC The people at RBC were...
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Life Insurance and Depression – Updated

Depression is a mental illness now being publicly addressed. Back in the day, people never talked about this mental illness. It was thought of as a shameful thing to discuss, and those who were going through depression were embarrassed to address it. By not addressing their depression, many fell victims to suicide, which could have...
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Top 10 Canadian Life Insurance Companies 2014

Last year, based on findings from Financial Post Business Magazine in June 2014, LSM Insurance is releasing its list of The Top 10 Life Insurance Companies for 2014. Not much has changed from last year. Great West-Life Co. still has the top spot, followed by Manulife Financial, Sun Life, and Industrial Alliance in the top...
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Are Homeowners Properly Insuring Their Increasing Debt Loads?

These days, it seems like debt is the norm. Instead of it being the “elephant in the room,” it’s all everyone talks about ─ the bragging rights one obtains from taking out a loan to buy a luxury car, or funding a vacation trip entirely on credit. According to a survey by Manulife Bank of...
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The Top 5 Life Insurance Company Acquisitions

  With the Sept. 3, 2014, announcement that Manulife Financial has acquired the Canadian business of competitor Standard Life for $4 billion, we couldn’t help but look back at the other mergers and acquisitions that have occurred in the insurance industry over the years, starting with this latest one.
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CIBC: Five Year Term Life Insurance Policy

CIBC’s five-year term life insurance policy is underwritten by Manulife Financial. The policy is available in increments of $50,000, $75,000, or $100,000 and the premiums are fixed for the first five policy years. The plan is available to applicants who are 18 to 65 and also offers a built-in living benefit of up to $50,000....
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Evaluating Insurance Calculators from Canada’s Top Life Insurance Companies

At the end of each of our articles, LSM invites readers to go to our various life insurance calculator pages for a free quote. We also have a Needs Analysis Calculator that lets you know how much insurance you may need based on your own personal circumstances. However, we are not the only insurance...
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Term Life Insurance Until Age 65

Some term insurance plans expire at age 65. With younger Canadians being burdened by increased long-term debt thanks to student loans, (The Globe and Mail reports that federal student loan debt is more than $15 billion) many in their 20s or 30s want a life insurance policy that extends beyond the traditional 20 years. Typically,...
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Disability Insurance for People Over 65

Disability insurance over 65. According to Sun Life Financial’s Annual Unretirement Index, not only are Canadians working past age 65, but they’re also doing it because they have to. The index shows that the number of Canadians who expect to retire by 66 has fallen by half between 2008 and 2012 from 51% to 27%. ...
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Manulife Financial’s Simplified-Issue Term 10 Policy

There are a number of simplified-issue policies to choose from. Which one works for you? Manulife Financial offers a simplified-issue term life insurance policy to applicants aged 18 to 70. The plan is CoverMe Easy Issue Life Insurance. It has no medical tests and two health questions. The premiums are guaranteed for the first ten...
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