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Manulife Family Term Life with Vitality

Manulife Family Term Life with Vitality logo

What is Term Life Insurance?

Term life insurance is a life assurance that provide coverage at a fixed rate of payments for a limited period of time in the event of death of the insured persons. There are two basic types of life insurance: term and permanent.
Insurance is a peace of mind product. A good insurance policy assures you that your loved ones won’t suffer financially should anything happen to you.

What is Family Term Life with Vitality Insurance Plan?

Taking out a life insurance plan is one of the most difficult and selfless acts a person can accomplish. You are contemplating the unknown, but you are doing it for the benefit of those who will be left behind.
Family Term Life with Vitality plan is the Manulife's term life insurance product for family protection with reward points and healthy lifestyle programs under the life insurance category. 
It gives you the opportunity to improve your health and at the same time helps you to protect your family and also earn reward points that can sufficiently lower the amount you pay on premiums. You can earn reward points for completing the health, educational and fitness-related activities. There are two reward programs are available in this plan, namely, Vitality Points and Vitality Status. Several optional add-ons are also made available in this coverage. For instance, the plan allows you to get protection when serious injury or death occurs.

What Are the Benefits?

A lot of considerations are necessary to make sure you’re leaving your dependents in solid financial shape.

Get physically fit with Vitality program and be protected at the same time

Several features and benefits are included in this plan. The more engaged you are with the program and live a healthy lifestyle, the more rewards you can enjoy.

This popular plan has several benefits outlined below:

  • Choose $500,000 to 20 million in coverage
  • Your beneficiaries will be eligible for a tax-free lump sum upon your death.
  • This means that you can stay protected within this time range and it is renewable to age 65 or 80, depending on your preference.
  • You can earn more rewards with this plan if you participate actively and also live a healthy life.
  • It protects the insured for a 20-year term but the plan can be renewed easily.

 

Optional Add-ons

  • Get protection in case of serious injuries or accidental death
  • Have flexibility–premium payments could be waived if you become disabled
  • Guarantee your future eligibility for life insurance
  • Help protect your children and guarantee they can get their own life insurance in the future, regardless of their health

 

 

Additional resources:

Learn more about your other Manulife insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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