Early Start Child Term Life™

If the unthinkable was to happen to your child or grandchild, the Early Start™ Child Term Life plan can ensure that financial considerations don’t add to your family’s burden. Offering a tax-free, lump-sum payment of up to $35,000, this term life insurance plan is available to healthy children between the ages of 60 days and 12 years.

This term life insurance can also ensure the child’s future insurability as they will have the option to convert their coverage to a longer-term life insurance plan before age 26.

  • No medical exam or questions when you apply
  • Coverage amounts from $5,000 to $35,000
  • Insurance rates won’t change
  • Option to convert coverage to a longer-term plan with ease before age 26

No benefit is payable under the Early Start™ Child Term Life Insurance plan in the case of suicide within two years of the effective date of the coverage. We will instead return all premiums paid, without interest. Please refer to the Suicide Exclusion section in the sample policy for full details.

Pre-Existing Conditions
No benefits will be paid if the death of the insured child occurs during the twenty-four (24) month period following the effective date of coverage and results from or is in any way associated with a pre-existing condition. "Pre-existing condition" means any injury, illness or physical condition, whether diagnosed by a physician or not, for which medical treatment was sought, recommended, required or obtained, or for which drugs were prescribed and/or taken within the 24-month period immediately prior to the effective date of coverage. Please refer to the Pre-Existing Condition section in the sample policy for full details.

This is not a contract. Actual terms and conditions are detailed in the policy issued by Manulife upon final application approval. It contains important details concerning exclusions, conditions and limitations. It is important that you read your insurance policy when you get it to understand exactly what you are covered for.

See the sample policy for detailed information on benefits, limitations and exclusions. View Early Start Child Term Life Insurance policy (PDF).

Children aged 60 days to 12 years are eligible

Age1 $5,000 $10,000 $20,000 $30,000 $35,000
0 $4.06 $5.69 $8.67 $10.81 $12.53
1 4.09 5.74 8.82 11.04 12.81
2 4.11 5.79 8.97 11.26 13.10
3 4.13 5.84 9.13 11.49 13.38
4 4.15 5.89 9.28 11.71 13.67
5 4.17 5.94 9.43 11.94 13.95
6 4.20 5.99 9.59 12.16 14.23
7 4.22 6.04 9.74 12.39 14.52
8 4.24 6.09 9.89 12.61 14.80
9 4.26 6.14 10.04 12.83 15.09
10 4.29 6.19 10.20 13.06 15.37
11 4.31 6.23 10.35 13.28 15.65
12 4.52 6.64 11.19 14.50 17.13

1 Age means the age attained by the child as of the first Premium Due Date.

Please note that plan rates are not guaranteed and are subject to change at any time if you are not insured. Once insured, rates are guaranteed to remain the same throughout the duration of your term. Rates are subject to change upon renewal.

Our 30-day guarantee

If, for any reason, the coverage you purchased to help protect you and your loved ones does not satisfy your needs, you may simply request a refund within 30 days of receiving your policy. Any premiums paid for the coverage will be promptly refunded.2

Ready to apply for Term Life Insurance?

The purpose of life insurance is to help protect your loved ones should the unthinkable happen. The money from your life insurance could be used to take care of your loved ones living expenses, mortgage payments, outstanding debts and credit card payments, childcare and education expenses, funeral costs, or any other expenses. The money could also be left as a gift to a loved one and/or favourite charity or be used to protect the value of your estate and/or business.

As your lifestyle changes, so do your life insurance needs. Major life events like getting married, purchasing a home, having a child or buying a business can all increase your need for life insurance, making it important that you review your current life insurance coverage each year to ensure it's enough to meet your needs.

The amount of life insurance that's right for you depends on your unique personal and financial situation, including whether you have a spouse and/or children, your existing assets, your liabilities, etc.

There are four main reasons why our Term Life Insurance is a smart alternative to mortgage life insurance:

Mortgage life insurance typically pays the death benefit to the lender who holds your mortgage(s). Our Term Life Insurance will pay the death benefit directly to your beneficiary, giving them more control over how that money is spent.

With mortgage life insurance, your coverage decreases as your mortgage decreases. With our Term Life Insurance, your coverage amount stays the same.

With mortgage life insurance, you have to re-apply every time you change lending institutions or buy a new home. With our Term Life Insurance, your insurance is automatically renewed – with no medical questions asked at the time of renewal – unless you want to increase your coverage. You can cancel your plan any time you wish.

Depending on your age and health, the premiums for mortgage insurance can also be much higher than for Term Life protection by CAA.

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Need Assistance?

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Call 1-888-334-4561
Monday to Friday, from
8 a.m. to 8 p.m. ET

or email am_info@manulife.ca.