Lifecheque is a unique kind of insurance...

Getting sick isn’t something any of us like to think about. But it happens. If it does, thanks to improvements in healthy living and medical science, there is a good chance you’ll recover and get on with your life.

It’s about peace of mind.

It’s about recovery.

But getting better costs money. Treating and coping with illness can mean significant and often unexpected costs.

Lifecheque is designed to help you with the unexpected. It provides a cash benefit that can give you the financial freedom to focus on what really matters … getting better.

The money is yours to use any way you want. For example, you can:

• Find the best health care available – anywhere
• Hire a nurse or caregiver to help you at home
• Make mortgage payments
• Replace lost income

Because recovery will be your first priority...

Recovery means a cash benefit. Lifecheque covers conditions that pose the greatest threat to your health, present significant recovery demands and financial challenges.

• Recovery means coverage for conditions that may not be life threatening, but that will alter your life. Our early intervention benefit provides 25% of your coverage (up to a maximum of $50,000).
• Recovery means getting your money fast. Let’s face it. If you’re diagnosed with a critical illness, you’ll probably spend a lot of time waiting – for appointments, for test results, for treatment. Our unique recovery benefit helps you get some money faster, without having to fulfill the waiting period. Money in your hands faster means your recovery can begin sooner.
• Recovery means giving you features that provide peace of mind. For clients who qualify, our  LivingCare benefit provides a monthly care benefit if they become functionally dependent and satisfy the waiting period (180 days).
• Recovery means understanding your condition and being sure you’re getting the best care possible. Manulife’s Recovery Care Program takes care a step further by giving you access to a service that can help you find the best medical advice, services and facilities available – anywhere in the world. This service can help you:
• get a personalized evaluation and verification of your diagnosis by leading medical specialists
• locate the best doctor or treatment facility available for your condition
• arrange transportation, accommodation, or even translation/interpretation services.

Note: The Recovery Care Program is a service currently provided by Best Doctors, Inc., a company that specializes in linking consumers to the best medical resources available. We cannot guarantee the availability of this service at the time of a claim.

Coverage that fits your needs

Manulife’s five Lifecheque plans provide coverage amounts ranging from a minimum of $25,000 to a maximum of $2,000,000. You choose the amount and the type of coverage* you need:

Primary Lifecheque
An economical solution offering coverage to age 65 for:  Heart Attack, Cancer, Stroke, and Coronary Artery Bypass surgery.

Level Lifecheque
Coverage that offers you protection into your retirement years (age 75) with premiums that never change.

Renewable Lifecheque
We have two Renewable options for you to choose from: 10-year Renewable and 20-year Renewable. Both Renewable options offer you protection into your retirement years (age 75) with premiums that increase every 10 or 20 years. Renewable coverage’s can be changed to other Lifecheque coverage’s after issue without evidence of insurability (see contract for details).
10-year and 20-year Renewable coverage’s may be changed to Level or Permanent coverage after issue (after one year and up to age 64).

Permanent Lifecheque

Protection for life, with premiums that never change. We have two payment options available on Permanent Lifecheque:

1. Pay to age 100

2. Limited Pay – an accelerated payment duration of 15 years.

Getting your money back

And what if you don’t ever need Lifecheque? There are three Return of Premium riders available. Our Return of Premium with Early Surrender Option rider is available on our Level and Permanent plans. Our Return of Premium at Expiry rider is available on our Primary and Level plans and our Return of Premium on Death rider is available on all Lifecheque plans. All riders are available for an additional charge. You’ll find more information about these riders later in this document.

What if I become disabled?

If you become disabled before the age of 60, we’ll cover your Lifecheque premiums for you  if you’ve purchased the Waiver of Premium rider. This rider is available on both individual and multi-life policies. If it’s a multi-life policy and the claim is accepted, the entire premium is waived for all people covered under the policy. It is also available on the owner of the policy even if he or she has no other coverage.

Return to Financial Services.

 

Did You Know...

Mortgage Life Insurance may not be for you...

You might be eligible for the Sales Tax Transition Benefit...

Treating and coping with Critical Illness can mean significant and often unexpected costs...