Skip to main content
Ratehub logo
Ratehub logo

Get a Manulife Life Insurance Quote

Get a personal life insurance quote from Manulife and compare their rates against Canada's top providers.

compare quotes today

Manulife Life 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.

A few things we're proud of

  • 1,200,000

    monthly users

  • 11 years

    young

  • Over 1M

    better choices made

  • Trusted partner

    to Canada’s top financial institutions

Manulife history

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.

Manulife insurance products

Manulife has one of the most sophisticated product lineups of any Canadian life insurance company, especially when it comes to permanent life insurance.

Manulife term life insurance can be purchased as an individual, family, or business policy, and offers 10 or 20-year terms, depending on the policy. Term life insurance is generally renewable until age 85 and convertible to permanent insurance before age 70. Manulife also offers their Vitality product with their family terms, allowing you to earn points when you complete educational, fitness, and health-related activities, thus decreasing your overall risk of death. These points can be used to lower your premiums, subject to minimum and maximum rates.

Manulife permanent life insurance comes in several forms, making Manulife one of Canada’s most flexible providers of permanent life insurance. Whole life insurance includes Manulife Par, a whole participating life insurance product, and Performax Gold, a non-participating life insurance product. Both offer flexible premium payment schedules. Manulife also offers several universal life insurance products, for the ultimate flexibility of both the life insurance and investment component.

Other Manulife insurance products include no-medical term life insurance policies for a higher rate, as well as a form of Guaranteed Issue permanent life insurance. Disability and critical illness coverage are also available from Manulife, either as stand-alone products or as part of the company’s Synergy offer, at a discounted rate.

Compare life insurance quotes today

Life insurance premiums will be as unique as you are. You won't know what you're eligible for until you get a quote. Receive multiple quotes today to make the right decision.

Pros and cons of Manulife life insurance

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 life insurance credit ratings

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)

Questions about Manulife life insurance

Can Manulife cancel your life insurance?


How do I cancel my Manulife life insurance?


Is Manulife life insurance good?


Matt Hands, Business Director of Insurance

With 6+ years of experience at Ratehub.ca, Matt’s focus has been on growing its newest business unit, Insurance. He is a thought leader and a valuable resource to respected publications across Canada. read full bio

Learn more about insurance

read more articles

The knowledge bank

A wealth of knowledge delivered right to your inbox.

By submitting your email address, you acknowledge and agree to Ratehub.ca’s Terms of Use and Privacy Policy. Contact us for more information. You can unsubscribe at any time.

About Ratehub.ca

Whether you need a mortgage, credit card, savings account, or insurance coverage, we help you find and compare the best financial products for your specific needs.

When it comes to mortgages, Ratehub.ca is more than just a place to research and compare the best rates. Our goal is to give Canadians the best mortgage experience from online search to close. This means offering Canadians the mortgage tools, information and articles to educate themselves, allowing them to get personalized rate quotes from multiple lenders to compare rates instantly, and providing them with the best online application and offline customer service to close their mortgage all in one place.

Ratehub.ca has been named Canada's Mortgage Brokerage of the Year for four years straight (2018-2021). With over 12 years of mortgage experience, and over $11 billion in mortgages funded, we deliver you the best mortgage experience in Canada.

How does Ratehub.ca make money?

Financial institutions pay us for connecting them with customers. This could be through advertisements, or when someone applies or is approved for a product. However, not all products we list are tied to compensation for us. Our industry-leading education centres and calculators are available 24/7, free of charge, and with no obligation to purchase. To learn more, visit our About us page.

read more about us