CARP GUARANTEED ISSUE LIFE INSURANCE ...it's easy!
 
  Premiums start from $5.46 per month…and you cannot be turned down for medical reasons!  
 
Manulife Financial and The McLennan Group introduce CARP Guaranteed Issue Life Insurance, a new simple and affordable plan.

 
 
  • Coverage is available to CARP members and their spouses who are residents of Canada, and between the ages of 50 to 80
  • Choose a benefit amount that best suits your needs - from $2,500 to a maximum of $25,000
 
 
  The tax-free proceeds of your CARP Guaranteed Issue Life Plan may be used for:

 
 
  • Providing for your loved one
  • Cover legal and probate fees
  • Pay estate taxes
  • Arranging a charitable gift
 
 
  Some highlights of the CARP Guaranteed Issue Life Plan include:

 
 
  • An easy to follow application, with no medical questionnaire required. Click here to obtain a copy of the application.
  • Living Benefit protection that provides you with access to funds if required
  • Automatic increased coverage for accidental death
  • No waiting period
  • Premiums are guaranteed never to increase throughout the life of the policy
  • Exclusive 30 Day Free Look Benefit
 
 
RATES
 
 
This table shows the monthly rates for each $2,500 unit of coverage. Find the rate that applies to you, depending on your age, gender and whether you smoke. To determine your monthly premiums, multiply this rate by the number of units, up to 10, that add up to the coverage you want.

 
Guaranteed Issue Life Insurance
Monthly Premium Rates Per $2,500 of Insurance
Age Non-Smokers Smokers
Female Male Female Male
50 & 51
52 & 53
54 & 55
56 & 57
58 & 59
60 & 61
62 & 63
64 & 65
66 & 67
68 & 69
70 & 71
72 & 73
74 & 75
76 & 77
78 & 79
80
5.46
6.08
6.78
7.62
8.58
9.69
11.02
12.52
14.26
16.26
18.50
21.00
23.84
27.16
30.97
33.93
6.50
7.25
8.08
9.09
10.25
11.60
13.22
15.07
17.21
19.66
22.44
25.58
29.16
33.23
37.87
41.48
7.54
8.37
9.28
10.35
11.56
12.94
14.58
16.43
18.54
20.93
23.56
26.35
29.47
32.90
36.72
39.64
10.64
11.98
13.48
15.20
17.13
19.32
21.82
24.63
27.56
30.78
34.16
37.36
40.86
44.46
48.32
51.21
Maximum number of units available is 10.
 
Sample: Female, non-smoker, age 52 wants to purchase $10,000 of life insurance coverage
 
 
$6.08 monthly premium rate x 4 units = $24.32 per month


 
  BENEFITS  
 
Death Benefit
Manulife Financial will pay a death benefit to the beneficiary upon receipt of proof, satisfactory to the Company, that the death of the Insured occurred while the policy was in force. The coverage terminates on the earliest of (i) the death of the Insured; (ii) the end of the grace period if the premium has not been paid; or (iii) the premium due date following the date on which the policy owner requests that the policy be terminated.

 
 
  1. For death occurring in the first two years of the policy:
    1. If death is due to non-accidental causes and is not due to suicide, the death benefit is a return of premiums paid since the effective date, accrued with interest at 10% per annum compounded annually.
    2. If death is due to suicide, the death benefit is a return of premiums since the effective date, without interest.
    3. If death is due to accidental causes before the age of 85, the death benefit is five times the face amount.
  2. For death occurring after the first two policy years:
    1. If death is due to non-accidental causes at any age, or accidental causes at age 85 or older, the death benefit is the face amount.
    2. If death is due to accidental causes before the age of 85, the death benefit is five times the face amount.
 
 
Living Benefit
There is a built-in Living Benefit that is available after two years of continuous coverage. Up to 50% of the face amount will be advanced upon diagnosis of a terminal illness with a prognosis of 12 months or less to live. At time of death, the amount paid will be the face amount, less the amount previously advanced, with no adjustment for interest. Premiums are not waived after payment of this benefit.
 
 
For more information, or to obtain your no-obligation quotation, please call 1-800-396-4389.

 
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