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Critical Illness Coverage

 

Plan Types

Term 5 (Manulife Lifechequeģ Basic) - 5 year renewable to 75 provides level Critical illness insurance protection with guaranteed premium increasing every 5 years to the policy anniversary nearest the Insuredís attained age 75.

 

Term 10 (T10) - 10 year renewable to 75 provides level Critical illness insurance protection with guaranteed premium increasing every 10 years to the policy anniversary nearest the Insuredís attained age 75.

 

Term 20 (T20) - 20 year renewable to 75 provides level Critical illness insurance protection with guaranteed premium increasing every 20 years to the policy anniversary nearest the life insuredís attained age 75.

 

Term 65 (T65) - Term protection to age 65 of the insured. The premiums are guaranteed and level throughout the duration of the coverage.

 

Term 75 (T75) - Term protection to age 75 of the insured. The premiums are guaranteed and level throughout the duration of the coverage.

 

Term 75 paid to age 65 - Term protection to age 75 of the insured. The premiums are level until the Insuredís age 65.  This policy is paid up at age 65 of the insured. Thereafter, no premium is required until the end of the coverage.

 

T100 (pay for life) - Protection to age 100 of the insured. The premiums are level throughout the duration of the coverage. The T100 protection is paid up at age 100 of the insured. Thereafter, no premium is required until the end of the coverage.

 

T100 pay 10 years - Protection to age 100 of the insured. The premiums are level during the first 10 years of the coverage. This policy is paid up in 10 years. Thereafter, no premium is required until the end of the coverage.

 

T100 pay 15 years - Protection to age 100 of the insured. The premiums are level during the first 10 years of the coverage. This policy is paid up in 15 years. Thereafter, no premium is required until the end of the coverage.

 

T100 pay 20 years - Protection to age 100 of the insured. The premiums are level during the first 10 years of the coverage. This policy is paid up in 20 years. Thereafter, no premium is required until the end of the coverage.

 

Termination of coverage

The insurance terminates when the first of the following events occurs:

●     Payment of the benefit

●     The insuredís death

●     The tenth anniversary of the protection if the T10 is not renewed

●     The twentieth anniversary of the protection if the T20 is not renewed

●     When the insured turns 75 for the T10, T20 and T75 protections

●     When the applicant exercises his right to the full flexible return of premiums (if the rider was selected)

●     On the date the contract is cancelled

 

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03 April 2015