You can cut back on a lot.

But never cut back on protecting your loved ones.

As the cost of living rises, financial security for your loved ones becomes even more important. Because the more things cost, the more there is to protect. Plus, take advantage of the new low rates on our Term 10 Life Insurance product.

Save your quote for a chance to win 1 of 3 $1,000 cash prizes! *

As an alumni member, you can get affordable financial protection for your loved ones. Ready to get a quote?

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about yourself.

Term Life to 85

$ 00.00

Term 10

$ 00.00

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a quote on
Term Life to 85

Term Life to 85

  • Coverage increments of $35,000
  • Premiums are locked in by age-band (e.g. 30-34, 35-39 etc.)
  • 10% savings on $280,000 or more of coverage
  • No medical exam required when you apply for up to $250,000 in coverage†
  • Option to add Child Life or Major Accident Protection
  • 10% savings on $280,000 or more of coverage
  • Maximum coverage amount is $770,000
  • You won’t have to pay for your plan if you become totally disabled (for at least 90 consecutive days) before age 65
  • Your spouse is also eligible for coverage

Monthly cost:

$ 00.00

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OR

New low rates! Click here for
a quote on
Term 10

Term 10 [New low rates!]

  • Coverage increments of $25,000
  • Premiums guaranteed for 10 years
  • $4 flat monthly fee
  • Living Benefit included at no additional cost
  • 30-day money-back guarantee**
  • Maximum coverage amount is $2 million
  • Your coverage is guaranteed renewable up to age 85 (regardless of any changes to your health)
  • Before you turn 70, you can convert your plan to permanent life insurance (without providing medical information or undergoing a medical exam)
  • Your beneficiaries will receive a tax-free Lump-sum Benefit, in the event of your death
  • You own your coverage, so if you change jobs or retire, your coverage stays with you
  • Your spouse is also eligible for coverage

Monthly cost:

$ 00.00

Apply Now Save Quote

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†† Your email will only be used to send you your quote and for contest purposes.

Want more information about Alumni Term Life or Term 10 Life Insurance?

Download Term Life Brochure

Download Term 10 Brochure

Download Term Life Application

Download Term 10 Application

For a limited time, get free gas or groceries with Alumni Health and Dental.

Apply for Alumni Health and Dental Insurance for the chance to win up to $13,000 in gas or groceries from now through November 20, 2022. †††

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†† Your email will only be used to send you your quote and for contest purposes.

Compare Plans

Alumni Term Life to 85

  • Coverage increments of $35,000
  • Premiums are locked in by age-band (e.g. 30-34, 35-39 etc.)
  • 10% savings on $280,000 or more of coverage
  • No medical exam normally required when you apply for up to $250,000 in coverage†
  • Option to add Child Life or Major Accident Protection coverage
  • Maximum coverage amount is $770,000
  • We will waive your premiums if you become totally disabled (for at least 90 consecutive days) before age 65
  • Your spouse is also eligible for coverage

Alumni Term 10

  • Coverage increments of $25,000
  • Premiums guaranteed for 10 years
  • An additional policy fee of $4.00 is added to your total monthly premium
  • Living Benefit included at no additional cost
  • 30-day money-back guarantee**
  • Maximum coverage amount is $2 million
  • Your coverage is guaranteed renewable up to age 85 (regardless of any changes to your health)
  • Before you turn 70, you can convert your plan to permanent life insurance (without providing medical information or undergoing a medical exam)
  • Your beneficiaries will receive a tax-free lump-sum benefit in the event of your death
  • You own your coverage, so if you change jobs or retire, your coverage stays with you
  • Your spouse is also eligible for coverage

Monthly cost

$ 00.00

Apply Now

Monthly cost

$ 00.00

Apply Now

FAQs

  1. Why does your Term 10 product appear more expensive than that of competitors?

    Some competitors offer an up-front rate that may appear lower at the time of application, but typically have a separate set of rates for renewals. That renewal rate could be considerably higher than what you initially paid, often three to four times more. Our Term 10 Life Insurance Plan follows a single set of rates for initial applications and renewals. So, while our product may appear more expensive initially, our rates follow a steady scale of increase as you age.

  2. What’s the difference between your Term Life to 85 and Term 10 product?

    Our Term Life to 85 product is a flexible, affordable coverage option if you are looking for short-term financial protection. Premiums are based on age- bands, typically in five-year increments (e.g., 30-34, 35-39 etc.). Our Term 10 product offers financial protection over a longer period. Premiums are based on your age at the time of initial application and remain the same for a 10-year period, regardless of health changes.

  3. What does "Living Benefit" mean?

    The Living Benefit pays you 50% of your Term Life benefit amount (to a maximum of $100,000) if, after two years of continuous coverage, you are under age 83 and diagnosed with a terminal illness with a life expectancy of 12 months or less. This feature is designed to help alleviate the financial burden on you and your loved ones.

  4. How can term life insurance help if I already have mortgage insurance?

    As your mortgage decreases, so does your payout amount, whereas your Term Life Insurance payout remains constant. Term Life insurance is a good alternative and/or supplementary coverage to help financially protect your loved ones from ongoing maintenance, utilities, property tax and other home-related expenses if you were to suddenly pass away.

  5. Why is life insurance recommended even if I’m young and healthy?

    Regardless of how young and healthy you may be, we often encounter unforeseen circumstances in life that happen without a moment’s notice. If you have people who count on you, it may be a good idea to add life insurance to help protect them financially. If you are young and healthy, lock in a lower rate for a period of 10 years with our Term 10 Life Insurance product.

  6. When will my coverage begin?

    Your coverage will begin on the date Manulife receives your completed application and your first premium payment, subject to the approval of our underwriters. When reviewing your application, if we find that you do not qualify for coverage for any reason, we will notify you immediately and return your premium payment in full, less any claims paid.

  7. What if I change my mind after applying for coverage?

    Once you receive your Policy or Certificate of Insurance, examine it carefully. If you are not satisfied, simply return your Policy or Certificate of Insurance to Manulife within 30 days and request that your coverage be cancelled. Your premiums will be refunded in full — no questions asked!

  8. What is not covered?

    Suicide within two years of the effective date of coverage. Other than a return of premium (without interest), no insurance coverage is provided.

Which plan is right for you?

Help us find the right plan for you by answering these five quick questions.

1. What type of financial protection are you looking for?



2. Do you consider yourself risk-adverse?



3. How much coverage are you looking for?



4. Is having the option of adding Child Life or Major Accident Protection important to you?



5. Is locking in the same monthly premium for 10 years important to you?



Based on your needs, we recommend the

Term Life to 85 Insurance Plan