Manulife Term Life Insurance

Get assured support for your family and business on any expenses after your lifetime.

Term Life insurance

Get assured support for your family and business on any expenses after your lifetime.

Canadian L.I.C presents Manulife CoverMe™ Term life insurance – protection at an affordable price.

What is term life insurance?

Term life insurance is an insurance contract for your life that is generally purchased for a time period “term” which is generally 10 years. Premiums are paid by the insurer to keep the policy live. After every term comes to an end, you may renew the policy for another term based on your requirements.

Know more about Manulife CoverMe Term life insurance

Canadian L.I.C. Inc presents Manulife Coverme Term Life Insurance with coverage ranging between $100,000 to S1 -million* for a period of 10 years which can be renewed till age 85.** Your premium during the 10-year term remains unchanged. This is a flexible policy, where you can decide on the coverage amount based on your financial commitments and life situation.

Purpose of CoverMe Term life insurance?

  • A tax-free policy with a lump-sum payout

  • Can be renewed till age 85 without any medical enquiry.

  • Can be converted to permanent life insurance

Learn about the difference between term life insurance and permanent life insurance from Question 1 in the FAQ below

Get the best Insurance Quote from Manulife Insurance

Call 1 844-542-4678 to speak to our advisors.

Plan details

Frequently asked questions

Is Canadian L.I.C recommended Manulife one of the best life insurance choices for you? Here are few details to say yes

  • Your legal heirs are assured of tax-free lump sum financial benefit after your death.

  • The rates remain unchanged throughout the full 10-year term of the policy.

  • The policy can be renewed every 10 years till the age 0f 85 without any fresh medical exam or questionnaire at the time of policy renewal.

  • You can convert your Coverme Term Life insurance policy to permanent life insurance before the age of 70 with no further medical check-ups or exams while converting**.

  • You have a 30-day money-back guarantee in this policy. So if you return the policy to Manulife within 30 days of purchase, you can get a full refund.

  • You are eligible to receive a one-time cash advance to a maximum of $100,000, i.e. 50% of the coverage value if you are diagnosed with a terminal illness which estimates your lifetime to be less than 12 months.

Manulife Family TermTM life insurance

Keep your family safe with an affordable, flexible policy

To keep your family safe, you need a policy that is within your budget and also suitable for your ever-changing lifestyle, earnings and needs. That is exactly what Canadian L.I.C Inc brings to you from Manulife Family Term Life insurance. It is an affordable yet flexible solution that can help families in

  • Lead a safe & secure lifestyle

  • Settle mortgages and other debts

  • Save for education and retirement purposes

Benefits

  • Save moneyWith reduced premiums, under one policy, you can protect more than two people

  • Meet today’s requirements We customize your policy with multiple options known as riders.

  • Plan for tomorrow We assure easy conversion option to permanent life insurance, without any underwriting formalities.

Plan details

Core plan:

  • Opt for coverage of $100,000 to $20 million.

  • You can buy level premiums ranging between 10 years, 20 years, to age 65 or for life

  • If diagnosed with a terminal illness, you can avail cash advance

Optional add-on:

  • If you meet with any severe injury or accidental death, you get protection coverage.

  • Exception from payment of premiums if you get disabled.

  • Be assured to qualify for life insurance for your future.

  • Keep your children protected and give them the assurance to get their life insurance irrespective of their health condition.

Manulife Business Term® life insurance for business owners

The perfect affordable and flexible policy to protect your business.

Although you are busy with your everyday business routine, it is necessary to keep your business protected for the future. Canadian L.I.C. Inc. offers Manulife Business Term life insurance which can adapt to your growing business with affordable prices and flexible features. It protects the key person of the company, business collateral, buys and sell funding and coverage for the estate tax to support you in

  • Running your business with minimal disruption

  • covering your beneficiary’s capital gains taxes

  • overcoming the business disruption on the demise of a key employee.

Optional add-ons:

  • Exception from payment of premiums if you get disabled

  • Be assured to qualify for life insurance for your future.

Insure yourself, your business partners, and key players of your business with Canadian L.I.C. Inc. recommended Manulife Business Term life insurance:

  • Opt for coverage between $100,000 to 20 million.

  • Save money with reduced premiums; under one policy, you can protect more than two people.

  • Boost your insurance to easily meet future requirements as your business develops without medical evidence or business valuations.

Life Insurance with Manulife Vitality TM

Get fit with Vitality

Canadian L.I.C Inc. offers Vitality from Manulife, a family term life insurance where you can earn rewards and make savings on your payment while improving your health condition.

You can gain Vitality PointsTM and Vitality StatusTM, once you finish educational, fitness and health-specific activities.

Along with being highly engaged with this program and leading a healthy lifestyle, the rewards you enjoy will also multiply

  • Helps you in saving on your future insurance rates*

  • Customized health goals and a monitoring device free of cost to analyze your progress.

  • Rewards and discounts – inclusive of an opportunity to win Vitality pointsTM or Giftcards from Amazon.ca as you achieve your weekly targeted vitality active rewardsTM.

*As per guaranteed rates, both minimum and maximum.

Plan features

  • Tax-free, lump-sum benefit for your beneficiaries after your lifetime.

  • Opt for coverage between $500,000 to 20 million.

  • Enjoy 10 or 20 years of protection ( renewable till age 80) or upto age 65 or 100.

Optional add-ons:

  • if you meet with any severe injury or accidental death, you get protection coverage.

  • Exception from payment of premiums if you get disabled

  • Be assured to qualify for life insurance for your future.

  • Keep your children protected and give them the assurance to get their life insurance irrespective of their health condition.

Note: Above given features are based on terms and conditions

Fast and easy life insurance

Manulife CoverMe™ Easy Issue term life insurance from Canadian L.I.C. Inc.

Define term life insurance?

Term life

A contract of insurance for an individual’s life bought for a specific period of time; generally, 10 years is referred to as Term life insurance. The premium is paid to keep the policy alive. Once a term ends, you can renew it again based on your policy needs.

Know more about Manulife CoverMe Easy Issue term life insurance offered by Canadian L.I.C. Inc.

Manulife CoverMe Easy Issue term life insurance from Canadian L.I.C. Inc. offers a coverage of $50,000 or $75,000* for a period of 10 years, renewable till 85years. The rates do not change throughout the 10 years term period. You can choose the amount of coverage required. With merely two medical questions or nil medical examination, you get the coverage after the approval and after we get your first premium.

Purpose of CoverMe Easy Issue term life insurance?

  • Avail protection up to $75,000*

  • Quick approvals and inexpensive

  • Assured renewable till age 85

Learn the difference between ‘term life insurance and ‘permanent life insurance? Read further in our Q&A in our FAQ below:

Is Canadian L.I.C. Inc. offered Manulife CoverMe Easy Issue term Life Insurance a good choice for you? Check out the details of the policy to understand its worthiness

  • This policy offers security for your family & loved ones up to $75,000 - easily & promptly.

  • After your death, to meet your final expenses, funeral costs and any due debts, your beneficiary(ies) will get a tax-free, lump-sum amount.

  • Rates will remain unchanged for the full 10-year term

  • Policy has to be renewed every 10 years to age 85

  • You can avail 30-day money-back guarantee; just submit your policy to Manulife before 30 days of the purchase of the policy to get a full refund.

  • The benefit of a cash advance in case you are diagnosed with a terminal illness with an estimated lifetime of 12 months or less **

Manulife Quick Issue Term® life insurance

Easy, fast and efficient protection

We all have to overcome hurdles- Life moves fast. So your insurance must match the pace. Canadian L.I.C Inc. provides Manulife Quick Issue Term to fit your busy life and help you get coverage quickly with no paperwork and needles. So it’s simple & easy.

Life insurance for people on the move

Canadian L.I.C Inc. presents Manulife quick Issue term with the life insurance protection you require- Quickly, so that you can have time for yourself and also for other things on the go.

Benefits

  • Nil paperwork - Fill the e-application with the help of a Canadian L.I.C. Inc. advisor.

  • A minimal requirement for the medical exam, including blood and urine tests.

  • Quick approval - get your coverage in your place within a span of one day usually.

  • A flexible insurance plan

You have the choice to change to permanent life insurance without undergoing an underwriting process.

Plan details

Core plan:

  • Opt for coverage of $100,000 to $500,000 if you’re age around 18–50

  • level premium payments for 10 years, 20 years or to age 65

  • Make sure your family has coverage of at least $1000 for bereavement counselling expenses.

  • The benefit of a cash advance in case you are diagnosed with a terminal illness

Optional add-on:

Keep your children protected and give them the assurance to get their life insurance irrespective of their health condition.

Testimonials

Trusted by Clients

The Best Canadian Insurance Brokerage

Lalit Kumar

Mrs. Harpreet Puri is always friendly and professional and answers all of our questions with infinite patience. Helped us a lot in our health insurance. She is the best advisor.

Nippurn Kaushal

One of the best service provider in their field. I took a policy for my family and the plan I choose is the best and no other provider had that plan.Extremely satisfied by their services.

Baljeet Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.

Gurjinder Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.