OUR INSURANCE PRODUCTS
Guaranteed Issue Life
It can be easy and affordable to help protect your loved ones’ financial future. Canadians age 50 to 80 are pre-approved for coverage up to $25,000. Premiums start as low as $5.46 monthly1 and will never increase. At age 100, you will have no more premiums, but your coverage remains in effect.
Do you need life insurance?
The McLennan Group offers you a few important points to mull over before you decide.
Download now!THE McLENNAN GROUP GUARANTEED ISSUE LIFE INSURANCE
Monthly premiums
Calculating monthly premiums: The chart below shows your monthly premium per $2,500 of coverage. Select the applicable premium based on your age, sex and smoking status. Multiply by the number of coverage units you wish to purchase, from one – for $2,500 coverage, up to ten – for $25,000 coverage.
| Monthly Premium Rates | |||||
|---|---|---|---|---|---|
| Per $2,500 of Guaranteed Issue Life Insurance | |||||
| Issue Age | Non-Smoker | Smoker | |||
| Female | Male | Female | Male | ||
| 50-51 | $5.46 | $6.50 | $7.54 | $10.64 | |
| 52-53 | $6.08 | $7.25 | $8.37 | $11.98 | |
| 54-55 | $6.78 | $8.08 | $9.28 | $13.48 | |
| 56-57 | $7.62 | $9.09 | $10.35 | $15.20 | |
| 58-59 | $8.58 | $10.25 | $11.56 | $17.13 | |
| 60-61 | $9.69 | $11.60 | $12.94 | $19.32 | |
| 62-63 | $11.02 | $13.22 | $14.58 | $21.82 | |
| 64-65 | $12.52 | $15.07 | $16.43 | $24.63 |
|
| 66-67 | $14.26 | $17.21 | $18.54 | $27.56 | |
| 68-69 | $16.26 | $19.66 | $20.93 | $30.78 | |
| 70-71 | $18.50 | $22.44 | $23.56 | $34.16 | |
| 72-73 | $21.00 | $25.58 | $26.35 | $37.36 | |
| 74-75 | $23.84 | $29.16 | $29.47 | $40.86 | |
| 76-77 | $27.16 | $33.23 | $32.90 | $44.46 | |
| 78-79 | $30.97 | $37.87 | $36.72 | $48.32 | |
| 80 | $33.93 | $41.48 | $39.64 | $51.21 | |
Note: Rates won’t change once a Policy is issued. Rates are subject to change without notice.
GUARANTEED ISSUE LIFE INSURANCE
You’re pre-approved for coverage up to $25,000
Whether you’d like a no-obligation quotation or more information, give us a call. Our licensed insurance advisors are here to answer your questions, explain your options and help select the coverage that's right for your needs and budget: 1.800.396.4389.
Insurance policies underwritten by The Manufacturers Life Insurance Company
*Acceptance is guaranteed if eligibility criteria are met and is subject to receipt of first premium payment. 1 Based on a female non-smoker, 50 years of age.
The Guaranteed Issue Life Insurance Plan is 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 used by it, and its affiliates under license. © 2023 The Manufacturers Life Insurance Company, P.O. Box 670, Stn Waterloo, Waterloo, ON N2J 4B8. All rights reserved. Product may not be available in all provinces. Terms, conditions and exclusions apply; see policy for details. Life and Health Plans offered by The McLennan Group Life Insurance Inc. Auto & Home and Pet Programs and Small Business Liability Insurance offered by The McLennan Group Insurance Inc.
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