This policy:
- is Permanent Life Insurance that becomes payable at the death of the person insured by the policy.
- features guaranteed premiums and administration charges that will never increase.
- offers an investment account that guarantees you a minimum interest rate for the life of the policy.
Once your Application for Conversion is received and assessed, additional documentation will be mailed to your attention. Please ensure these documents are completed and returned to Manulife within three weeks of the date on the accompanying letter.
This policy:
- provides temporary life insurance from the date of issue, until the person insured by the policy reaches age 65.
- cannot be converted to another form of insurance, and will terminate when the person insured by the policy reaches age 65 or at death, whichever is earlier.
- does not participate in dividends.
This policy:
- provides temporary life insurance from the date of issue for one year only.
- does not participate in dividends.
- can be exchanged at any time during the one-year period without medical evidence, but only to a Permanent Life policy or Non-Convertible Level Term Life to Age 65 policy as outlined above. The premium of the new policy will be calculated at the attained age of the person insured by the policy at the time of the conversion of the policy.
