Manulife Par

Whole life insurance

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What is Manulife Par?

Life may have unknowns, but Manulife Par makes up for that with dependable, hassle-free protection.

Take comfort in seeing immediate growth of your policy’s cash value, and stay confident that your plan delivers long-term protection, all with potential tax-saving advantages.

  • Guaranteed premiums
  • Guaranteed amount of insurance that remains in effect for your entire lifetime
  • Guaranteed cash value that grows over time

Plus, you can sign up for Manulife Vitality on eligible* policies and earn rewards for healthy living.

A different approach to insurance: Manulife Vitality

With Manulife Par whole life insurance, you get more than just financial protection. We’re committed to bettering the health of Canadians, which is why we offer Manulife Vitality on eligible* products.

Manulife Vitality is a program that rewards you for healthy living, and you can access certain benefits at no cost when you register your policy.

Looking for more?

Check out our Manulife Par with Vitality Plus plan to get permanent insurance coverage plus access to the maximum-value rewards and discounts of Manulife Vitality.  


Earn an annual dividend to grow your insurance coverage and cash value beyond guarantees

Choose how long you pay your premium and how frequently

Access your policy’s cash value at any time or if you become disabled

Make additional payments into your policy to increase your protection, whenever you choose!

Reach your long-term financial goals and benefit from tax-advantaged options

Build collateral for a loan, enhance your estate planning, and complement a retirement plan

Product details

Here’s what you get with Manulife Par:

Core plan:

  • Coverage starts at $100,000 for 10 year, 20 year and pay to age 90 premium durations, and $500,000 for pay to age 1001
  • No policy fees
  • Guaranteed payment duration for 10 or 20 years, to age 90 or to age 100 - you choose!
  • Single life or Joint last-to-die coverage options
  • Access to certain Manulife Vitality benefits (Vitality Go™) on eligible* policies at no added cost, giving you rewards for healthy living. Find out more about Manulife Vitality here.
  • Vitality Go members have the option to upgrade to a Manulife Par with Vitality Plus policy anytime before the third anniversary. No underwriting is required for upgrades.

Optional add-on:

  • Get extra protection by adding term life insurance
  • Skip payments if you become disabled, subject to certain conditions
  • Guarantee your future eligibility for life insurance
  • Protect your children and guarantee their future life insurance coverage

Note: Above features may be subject to terms and conditions.

Ready to buy?

If you’re ready to buy Manulife Par, or if you have questions, speak to your advisor. Don’t have an advisor? We can help find you one.

Also consider

Term life insurance is temporary, affordable insurance to help you protect your family’s financial future. Get rewarded with Manulife Vitality on select products.  

* Eligibility requirements: Insured must have reached their 18th birthday by the time the policy is issued. Available on single life coverage only.

1 Minimum coverage starts at $25,000 for pay to age 90, issue ages 0-15.