Family Term™ Life Insurance

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What is Family Term?

Help protect your business and family with one affordable, flexible policy

To help protect your business and family, consider coverage that fits comfortably in your budget and adapts to your changing lifestyle, income and needs.

That’s what you get with Manulife Family Term life insurance. It's an affordable, flexible solution to help your family:

  • maintain a comfortable lifestyle
  • pay off the mortgage and other debts
  • fund education and retirement savings

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

A different approach to insurance: Manulife Vitality

When you choose Manulife Family Term 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 Family Term with Vitality Plus plan to get valuable insurance coverage, plus access to the maximum-value rewards and discounts of Manulife Vitality. You can even save on your premiums!


Save money

with lower premiums when you protect two or more people under one policy

Meet today's needs

by customizing your coverage with a range of options called riders

Prepare for tomorrow

with the guaranteed option to convert to permanent life insurance, without going through an underwriting process

Product details

Here's what you get with Family Term:

Core plan:

  • Get access to certain Manulife Vitality benefits at no cost, giving you rewards for healthy living
  • Choose $100,000 to $20 million in coverage
  • Pay level premiums for 10 years, 20 years, to age 65 or for life
  • Cover your family’s bereavement counseling costs up to $1,000
  • Get a cash advance if you are diagnosed with a terminal illness

Optional add-ons:

  • Get protection in case of serious injuries or accidental death
  • Skip premium payments if you become disabled
  • Guarantee your future eligibility for life insurance with a Guaranteed Insurability Option rider
  • Help protect your children and guarantee they can get their own life insurance in the future, regardless of their health

Ready to buy?

If you’re ready to buy Manulife Family Term life insurance, or if you have questions, speak to your advisor. If you don’t have an advisor, we can help you find one.

Get Apple Watch.
Get Active.
Get Rewarded.

Individual Manulife Vitality program members get an Apple Watch from just $0*

Learn more


How much insurance do you need?

Explore our tools to make sure you have the right insurance to protect you and your loved ones.

Family Term guide

For a closer look at Family Term, download our guide.

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