Manulife Life Insurance
Is Manulife life insurance the right choice for you and your family?compare quotes today
Matt Hands, Business Director, Insurance
Manulife is one of Canada’s ‘big three’ life insurance companies, alongside Sun Life and Great West Life, considered the largest when measured by life insurance revenue. Manulife has significant operations throughout Asia, and since listing as a public company in 1999 has acquired multiple smaller insurance and investment fund businesses.
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Manulife was founded as ‘The Manufacturers Life Insurance Company’ in 1887, headed by Canada’s first prime minister, John A. Macdonald, during his second term. This wasn’t unusual at the time, as there were no conflict-of-interest guidelines!
Since then Manulife has become Canada’s largest life insurance provider by revenue, with operations across the world. Manulife headquarters are found on Bloor Street, Toronto, Ontario. Manulife was the first Canadian life insurance provider to offer life insurance to people who are HIV-positive, recognising it as a manageable critical illness. Since then other life insurance providers have done the same.
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Manulife life insurance pros
- As Canada’s largest life insurance company, Manulife has a massive variety of life insurance products
- Some policies include early payout options if you're terminally diagnosed, subject to some terms and limitations
- Manulife Vitality gives you credit towards your life insurance premiums when you take steps to improve your health
Manulife life insurance cons
- Manulife’s product variety comes with significant added complexity, especially for people purchasing their first life insurance policy
Manulife has good credit with all of the major credit reporting agencies, but doesn’t score quite as high as Sun Life Financial:
- Standard and Poor’s: AA- (Very strong)
- Moody’s: A1 (Upper-medium grade)
- A.M. Best: A+ (Superior)
- DBRS: AA low (Excellent)
Matt started his professional career at CARPROOF where he honed his marketing and analytical skills for over 3 years. Matt then took his wealth of experience to Ratehub.ca’s Toronto offices, working with insurance providers, agents, and brokers to grow and expand the Insurance business unit. He is a thought leader in the community and a valuable insurance resource to respected publications like the Globe & Mail, Toronto Star, Huffington Post, Yahoo News, and 680 news radio in Toronto.read linkedin bio
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