FollowMeᵀᴹ Life Insurance: stay covered after your group life insurance ends
One of the best things about having group life insurance at work is knowing you’re covered. When you lose those benefits because you change jobs, lose your job or retire, FollowMeᵀᴹ Life Insurance helps keep your family protected.
With FollowMeᵀᴹ Life Insurance, you don’t have to worry about whether or not you can get life insurance at a reasonable price. You can get uninterrupted coverage with no medical questions when you apply within 60 days of the date your group life insurance ends and we receive your first premium.
Choose the amount of life insurance you need – up to the amount you had in your group plan. Get life insurance for your spouse too if he or she was covered by your group plan. You can save substantially on your premiums if you don’t smoke.
- Canadian residents
- Age 18 to 69
- Had life insurance through a group plan within the past 60 days
What it pays
- $25,000 to $200,000
- Up to 50% of coverage (up to $50,000) as a one-time cash advance if you are terminally ill with 12 months or less to live (available after you've held your policy for two years)
- No restrictions on how you spend the money
- No medical questions
- Acceptance guaranteed if you apply within 60 days of the date your group life insurance coverage ends
- You're protected as soon as we approve your application and receive your first premium
Protection you own
- Stay covered to age 80
- Remain insured if you change jobs or retire
- Remain insured if your health changes
Try it out with no obligation
- All our plans have a 30-day money-back guarantee. If you are not completely satisfied, simply return your policy to Manulife within 30 days of the issue date. We will cancel your coverage, no questions asked, and refund all of your premiums.
FollowMeᵀᴹ Life Insurance Important Notice
This is not a contract. Actual terms and conditions are detailed in the FollowMeᵀᴹ Life Insurance policy Manulife issues after approving your application. This policy may differ from your current/former group life policy and contains important details concerning exclusions, conditions and limitations, including a 2-year pre-existing condition limitation. Please review it carefully when you receive it.
When premiums will go up
We base premiums on your age, primarily in five-year age bands (35 to 39, 40 to 44, etc.) until age 70, after which premiums increase annually. As you move into the next age band, your premium will increase. Premium rates are not guaranteed and could change on any policy anniversary date.
Limitations and exclusions
Benefits will not be paid if death results from suicide or, directly or indirectly, from a pre-existing condition within two years of the effective date of the policy. In either of these cases, we return all premiums paid without any interest adjustment. A pre-existing condition means any injury, illness or physical condition, whether diagnosed by a physician or not, for which medical treatment was sought, recommended, required or obtained, or for which drugs were prescribed and/or taken within the two years leading up to the effective date of the policy.
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Top 5 questions about life insurance
Term life insurance provides coverage for a specific period of time and then could renew. Permanent life insurance provides coverage for life.
A death benefit is the amount paid to your beneficiary if you die while your life insurance plan is in effect. A living benefit is the amount paid to you when you meet certain conditions. For example, you can receive part of your CoverMe Life Insurance death benefit while you are alive if you are diagnosed with a terminal illness with less than 12 months to live.
There are two main ways to help your family pay off your mortgage if you pass away: mortgage life insurance and term life insurance.
Mortgage life insurance typically pays the death benefit to the lender. The coverage amount declines as your mortgage balance decreases, but your premiums stay the same. If you switch mortgage providers, you generally have to reapply for mortgage life insurance.
Term life insurance pays the death benefit to your beneficiary, not the lender, and your beneficiary can decide how to spend the money. The coverage amount and your premiums stay the same during your plan's term. You own your coverage so you can keep it if you switch mortgage providers.
Term life insurance premiums stay the same during your plan's term. They increase when your plan renews at the end of a term.
You can generally keep renewing term life insurance without medical questions until you reach the maximum age set for your plan.
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