See below for ratings, quotes, and an in-depth review of Manulife's life insurance products.
The Bottom Line
Manulife prices are in line with the rest of the market, although they do price more competitively for people in excellent health. They have faster than average times to get the policy underwritten and approved. Manulife also offers e-delivery and online servicing options, making them a good choice for people who hate paper forms and customer service calls.
Manulife term life insurance pricing vs. competitor term life insurance products
Looking for the best value? See how the price of Manulife’s term life insurance stacks up against the prices of products offered by other Canadian term life insurance providers.
Scores are based on PolicyMe’s Term Insurance Price Index, an in-depth analysis of prices for 108 combinations of gender, age, term length, coverage amount, health status, and smoking status.
Average Price Relative to Market
Manulife Insurance Pricing by Customer Traits
Even if you and your next-door neighbour buy life insurance from the same insurance company, you may not pay the same price. That’s because life insurance companies base your price largely on your age, policy coverage amount, policy duration, smoking status, and current health status. Some companies are more lenient about specific customer characteristics and provide better pricing than other companies for people with these characteristics.
Here’s a breakdown of how Manulife’s life insurance prices compare to prices offered by other companies for various customer characteristics.
Low coverage need (under $500,000)
Large coverage need (over $500,000)
Shorter coverage need (10 years)
Longer coverage need (20 years)
Under age 40
Over age 40
Excellent – The company’s prices are more affordable than the rest of the market for customers with these characteristics Good – The company’s prices are in line with the rest of the market for customers with these characteristics Poor – The company’s prices are more expensive than the rest of the market for customers with these characteristics