There are a lot of different types of Life Insurance, and we offer them all.

Let’s talk and figure out the best insurance product for you.

Why Do I Need Life Insurance?

Some of the insurance products we provide are:

• Term Insurance
• Whole Life Insurance
• Universal Life Insurance
• Mortgage Insurance
• Guaranteed Issue Life Insurance (No Medical Questions)
• Corporate Life Insurance
• Key-Person Insurance
  • Partnership Buy – Sell Life Insurance
  • Concepts (coming soon!)
• Charitable Giving Programs
• Give Your Estate Away Twice
• Insured Annuities

Learn more about each type of coverage by reading on. Get an idea of the amount of life insurance you may need to protect and provide for your loved ones with Manulife Insurance Calculator.

Term Insurance

Provides protection for a limited number of years. The premiums are level for the length of the term. At the end of the term the premiums will increase and will remain level for the same number of years. The most common terms are 10 and 20 years. These policies provide the most coverage for the lowest initial premium. Once the policy is issued, it will automatically renew at the end of the term, without providing any additional medical information. These policies don’t have any cash values. Most term insurance plans will expire between ages 75 and 85.

Whole Life Insurance

Provides lifetime protection as long as the premiums are being paid. The premiums are initially higher than term insurance, but remain the same over the length of the policy. These policies can accumulate cash values on a tax deferred basis. This cash value can make a great emergency fund.

Universal Life Insurance

A type of permanent life insurance that provides lifetime coverage with a flexible premium. Any deposits over the minimum premium go into an investment account. You can choose from a variety of investment options from guaranteed investments to investment funds and indices. Any growth inside the policy is on a tax deferred basis. There may be tax implications once the money is withdrawn.

Mortgage Insurance

Life insurance that is used to pay off the outstanding balance of your mortgage. There are many advantages between individual mortgage insurance and insurance coverage through a financial institution.

• Upon a death, the full death benefit is paid out, not just the outstanding amount of the mortgage.
• Individual coverage is portable, while bank coverage will terminate once you transfer your mortgage or pay off the mortgage.
• The premiums are based on the full death benefit, not a decreasing amount.
• The premiums are based on the individual’s age, not the older age of two people.
• Once your mortgage is paid off, you can keep the coverage if you want.
• The underwriting on an individual policy is more flexible enabling people with health issues to still get coverage.

Guaranteed Issue Life Insurance (No Medical Questions)

These life insurance policies ask no medical questions; however, there is a limited payout if a claim happens in the first 2 years. This policy provides permanent protection with a level premium. Most of these polices have cash values.

Corporate Life Insurance

Key-Person Insurance: Most companies have at least one person who is key to the success of the business. How would your business be affected if a key employee died? Key-Person Insurance is an affordable way to prevent your business from financial ruin after an important member of your business passes away. In fact, many lenders and investors insist on it to protect their investment. The business typically owns the policy, pays the premium and is the beneficiary. The proceeds can be used to pay off debt, keep creditors at bay, reassure existing clients and vendors or buy time until the perfect replacement is found. It is not always the owner who is insured. It may be a key sales person who has developed important relationships with clients, a manager or anyone who you rely on to make your business profitable.

Remember, you’ve worked hard to build a successful business. Key-Person Insurance is part of a business continuation plan to protect your company, your employees and your family.

Partnership Buy – Sell Life Insurance

Many businesses have agreements that obligate a person to buy out another person at time of death and/or disability. Having insurance in force provides the funding to pay for this obligation. The advantage to the deceased’s estate is that they have a guarantee that they will receive their money for their share of the business. The advantage to the surviving partner is that they now have full control of the company and can run it as they see fit.

Concepts (coming soon)

• Charitable Giving Programs
• Give Your Estate Away Twice
• Insured Annuities

Thanks for staying with this page until the end! Here’s something fun to reward your thoroughness.