Manulife Term Life Insurance for Costco Members

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Term Life Insurance

You work hard to give your family a good life – whether it’s a home to call your own, memorable vacations, a good education, or a comfortable retirement. But if something were to happen to you, would your family have the financial protection they need to keep that future on track?

If you were to pass away while covered by one of these plans, your chosen beneficiaries would receive the benefit amount you selected in a tax-free lump sum to spend any way they want. Choose the plan that best fits your needs and budget: 5-year Term Life Insurance, 10-year Term Life Insurance or 20-year Term Life Insurance.

Plus, Executive members save up to 5% more!

Plans

Term Life – 5 Years

The 5-year Term Life plan is an affordable way to top up other coverage or great as your first life insurance plan, with the option to add-on Accidental Death & Dismemberment and Income Protection Disability insurance. Rates are guaranteed for 5 years.

Best for:

Short-term coverage needs, such as debt or financial obligations
Budget-conscious individuals looking for lower initial premiums

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Term Life – 10 Years

The 10-year Term Life plan is specifically designed for Costco members and can help provide financial security to your loved ones, with included benefits of accidental death and job-loss waiver of premium. Rates are guaranteed for 10 years.

Best for:

Individuals looking for coverage during key financial milestones, such as starting a family, early career or business growth
Those who want the option to review and adjust their coverage more frequently

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Term Life – 20 Years

The 20-year Term Life plan is designed for Costco members who want long-term protection with predictable rates. Choose coverage from $50,000 to $2 million. This plan also includes a Living Benefit for terminal illness and offers extended coverage up to age 90. Rates are guaranteed for 20 years.

Best for:

Families with children and homeowners with a mortgage or other debt
Anyone who wants to lock in rates over a longer period of time to avoid premium increases

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FollowMe™ Life

FollowMe™ Life insurance plan helps you to continue your protection after group coverage ends, if you apply within 60 days. Acceptance is guaranteed and no medical exam or questionnaire¹ is required at time of application.

Best for:

Individuals who are retiring or losing group benefits, and those who are starting a business or are self-employed without group benefits
Anyone whose group life insurance is ending and wants to maintain protection

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Take action

Downloads

Contact us

For more information and to speak to a Licensed Insurance Advisor, call

1-866-707-4922
(Monday – Friday 8am – 8pm ET)

Or email am_info@manulife.ca

Ready to apply?

If you’re ready to lock in the coverage that works best for you – take the next step and get a quote for the coverage you need, then proceed to the application.

Get a quote and apply

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

Legal disclaimers and footnotes

¹Limitations, 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.

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.

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