Long-term, stable protection for your family’s future
It’s impossible to predict when the unexpected will happen. Fortunately, it’s easier than ever to plan for your family’s financial security. NEW Term 20 Life Insurance, offered at exclusive rates for OPA members, provides long-lasting protection for the people you love the most.
Help secure your family’s finances in the event of your passing with coverage ranging from $50,000 to $2 million (in increments of $25,000). Also, if you’re diagnosed with a terminal illness and have under 12 months to live, you can access up to 50% of your coverage (max. $200,000) through a built-in Living Benefit — if you’ve had coverage for at least two straight years.
Guaranteed rates
Enjoy the same guaranteed rates for two full decades while helping secure your family’s financial future. After your initial 20-year term, your policy will renew automatically for another 20 years, or up until age 90, when coverage expires. No new medical questions or exams needed at time of renewal, even if your health has changed.
Choose your coverage amount
Select the amount that fits your needs, from $50,000 to $2 million. Available in $25,000 increments. Not sure how much coverage you need? Get an estimate with our Life Insurance Calculator.
Quick, easy approval: no medical tests are typically required if you’re age 50 or under for any amount of coverage when applying. The same goes if you’re age 51 to 55 applying for up to $250,000.1
Savings for non-smokers: you can get a lower rate if you haven’t used any form of tobacco or tobacco cessation products in the last 12 months.2
Refunds within 30 days: if you decide that your plan doesn’t fit your needs within your first 30 days of coverage, you can cancel and receive a full refund. No questions asked.3
To qualify, you must be:
- An OPA member, spouse or employee4
- A Canadian resident between the ages of 18 to 70 inclusive
Suicide is not covered if it occurs within two years of the effective date of coverage.
Take action
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Still have questions?
Call a Licensed Insurance Advisor at 1-866-762-8283
(Monday – Friday 8am – 8pm ET)
or e-mail us at am_info@manulife.ca
Ready to apply for Term 20 Life Insurance?
Get your free quote1 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.
2 Non-smoker means a person who has not used any cigarettes, e-cigarettes, vapes, cigarillos, chewing tobacco, nicotine substitutes (such as gum or patches), shisha or hookah pipe, betel nuts, nicotine or tobacco in any form in the past 12 months.
3 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.
4 Eligible spouse means a person who is legally married to the eligible employee or if not legally married to the eligible employee, resides with the eligible employee in a conjugal relationship for a continuous period of not less than 2 years.
Plans underwritten by The Manufacturers Life Insurance Company (Manulife).
Manulife, Manulife & Stylized M Design, and Stylized M Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license. © 2026 The Manufacturers Life Insurance Company. All rights reserved. Manulife, P.O. Box 670, STN Waterloo, Waterloo, Ontario N2J 4B8.
Individual circumstances may vary. You may wish to contact one of Manulife's licensed insurance advisors or your licensed insurance agent if you need advice about your insurance needs.