You strive to build a perfect life for your family – a nice home, vacations, good education, and the ability to live a comfortable lifestyle into your retirement. But if something were to happen to you, could your family still have all those things? Life insurance plans for Costco members can help you say “yes” to all those things – even if you lose the ability to provide, or are no longer there to provide, for them.
If you were to pass away while covered by this plan, your family would receive the benefit amount you selected in one tax-free lump sum to spend any way they want. Now you can choose the plan that best fits your needs and budget: 10-year Term Life Insurance or 5-year Term Life Insurance.
Term Life Insurance for Costco members can provide you and your family with coverage for as little as 12¢ per day.*
Are you losing the life insurance plan you’ve enjoyed through your job? Maybe it’s because you’re leaving for another job, starting your own business or retiring. No matter what the reason, FollowMe™ Life Insurance can help. FollowMe™ Life insurance starts when your group life insurance stops. If you apply within 60 days of losing your work plan, you will not have to complete a medical questionnaire at the time of application.
Our 30-day guarantee
If you are not satisfied with your coverage, simply return your insurance policy to Manulife within 30 days of receiving it, and any premiums paid for the coverage will be promptly refunded.2
1 The maximum coverage amount per policy is the lesser of the amount that is lost under the group coverage within the past 60 days, and $200,000.
2 The insured may, within thirty (30) days after receiving this policy, return it to the address below for cancellation. The policy will be considered never to have come into effect and any premium paid up to the end of the 30-day examination period will be refunded, less any claims paid. Where claims paid exceed premiums, the difference must be repaid to the insurer immediately. This right of cancellation expires thirty (30) days after the policy is received by the insured and does not apply to any reissued, substituted or consolidated policy continuing coverage that commenced under a previously issued policy. The rights of any beneficiary under the policy are subject to this right of cancellation.
* Term Life rate based on a female non-smoker, Executive Member, aged 30, with a coverage amount of $50,000.
** Limitations, exclusions, and conditions may apply. Manulife reserves the right to request medical information (tests and/or questions) deemed necessary to approve an application for insurance.