If your medical history or age is making it difficult for you to obtain coverage, Guaranteed Issue Life Insurance is the simple solution. Offering an affordable, guaranteed way for you to leave your loved ones an extra measure of security, this life insurance plan is available to Canadian residents aged 40 to 75.

As long as you meet the eligibility criteria, your acceptance is guaranteed, regardless of your current health.

CAA Member Exclusive Benefit: Your coverage will increase by 2 per cent every year - at no extra cost to you (for up to 25 years).1

  • Coverage amounts from $5,000 to $25,000
  • Your coverage approval is guaranteed
  • No medical exams or questions when you apply
  • Insurance rates will not increase – ever
  • Return of premiums with interest if you die from non-accidental causes (not including suicide) within the first 2 years of coverage
  • Accidental Death Benefit increases your coverage by 4 times if you die accidentally before age 85
  • Living benefit cash advance
  • Health Service Navigator® to help you make informed health care decisions2
  • Tax-free, lump-sum benefit paid to your beneficiaries 

No benefit is payable under the Guaranteed Issue 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. If death during the first two years of coverage is due to non-accidental causes (other than suicide), the benefit payable will be equal to all premiums paid plus 10 per cent interest compounded annually. Please refer to the Death Benefit section in the sample policy for full details.

The Accidental Death Benefit is payable for an accidental death due to a bodily injury occurring before age 85. The bodily injury must be caused by external, violent and purely accidental means, and it must be independent of all other causes. The accidental death must occur within 365 days of the bodily injury. Accidental death does not include death which is caused directly or indirectly by one or more of the following causes: sickness, illness or bodily or mental infirmity or disease of any kind; suicide or self-inflicted injury; declared or undeclared war or any act of war, riot or insurrection, or service in the armed forces; any event directly or indirectly related to the ingestion of alcohol by you where the concentration of alcohol in your blood exceeds 80 milligrams of alcohol in 100 milliliters of blood; voluntary ingestion of poison, toxic substances or non-toxic substances or drugs, sedatives or narcotics (whether illicit or prescribed) in such quantity that they become toxic, or voluntary inhalation of a gas; from or while committing or attempting to commit a criminal offence, or committing or provoking an assault; medical or surgical treatment or complications arising therefrom, except when required as a direct result of an accidental bodily injury; participating in a contest of speed, scuba diving, skydiving, parachuting, hang gliding or bungee jumping, or a flight accident except when travelling as a passenger on a commercially licensed airline. Please refer to the Accidental Death Risks Not Covered 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 Guaranteed Issue Life Insurance policy (PDF).

Health Service Navigator® is offered through The Manufacturers Life Insurance Company (Manulife).

Canadian residents aged 40-75 are eligible.

Age4 Male Female
40 - 41 $5.61 $4.21
42 - 43 $6.03 $4.53
44 - 45 $6.48 $4.87
46 - 47 $6.98 $5.26
48 - 49 $7.51 $5.68
50 - 51 $8.16 $6.17
52 - 53 $9.01 $6.80
54 - 55 $9.94 $7.50
56 - 57 $11.16 $8.44
58 - 59 $12.56 $9.54
60 - 61 $14.15 $10.82
62 - 63 $15.95 $12.36
64 - 65 $17.99 $14.12
66 - 67 $20.36 $16.08
68 - 69 $23.06 $18.30
70 - 71 $26.11 $20.81
72 - 73 $29.52 $23.64
74 - 75 $33.38 $26.86

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.

Non-Smokers are those who have not used any form of tobacco or tobacco cessation products in the past 12 months.

Age means the age attained by the applicant (Member or Spouse) as of the first Premium Due Date.

 

Age4 Male Female
40 - 41 $8.51 $6.47
42 - 43 $9.29 $6.99
44 - 45 $10.15 $7.56
46 - 47 $11.06 $8.13
48 - 49 $12.04 $8.74
50 - 51 $13.21 $9.46
52 - 53 $14.67 $10.38
54 - 55 $16.31 $11.39
56 - 57 $18.25 $12.65
58 - 59 $20.46 $14.09
60 - 61 $22.89 $15.69
62 - 63 $25.54 $17.49
64 - 65 $28.49 $19.49
66 - 67 $31.60 $21.81
68 - 69 $35.01 $24.43
70 - 71 $38.55 $27.29
72 - 73 $41.95 $30.32
74 - 75 $45.65 $33.69

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.

Age means the age attained by the applicant (Member or Spouse) as of the first Premium Due Date.

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.5

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.

Take action

Need Assistance?

Speak to a friendly and knowledgeable advisor.

Call 1-844-538-7454
Monday to Friday, from
8 a.m. to 8 p.m. ET

or email am_info@manulife.ca.