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Term Life Insurance

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? Term Life insurance plans for Costco members can help ensure you can.

Term Life Insurance

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

Guaranteed Issue Life Insurance: FollowMe Life

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 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.

Plans

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. 

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.

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 questionnaire is required at time of application.

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