Costco has partnered with Manulife financial to extend unique life insurance benefits to their Executive member base. With Costco's insurance policies, you have access to a full range of life and health insurance products, including additional savings on premiums of up to 10% less than traditional rates.
Life insurance products offered by Costco Insurance include:
Costco Term Life Insurance
Insure between $50,000 and $750,000 on a 5 year term that's renewable and convertible without the need for a medical exam. Costco Executive members can save up to 10% on their premiums for insured amounts greater than $200,000.
Costco Accidental Death & Dismemberment Insurance
Insure up to $750,000 in coverage against accidental death or dismemberment. Up to 200% of your coverage is paid in event of partial or total paralysis. This plan provides up to $10,000 in benefits for home and vehicle modification, to help accomodate lasting disabilities.
Costco Disability Insurance
Provides up to $5,000 in monthly benefits if a debilitating injury prevents you from working. An optional plan allows your coverage to increase alongside a rising cost of living, ensuring your insurance is always providing enough for your needs.
FollowMe™ Life Insurance
Provides up to $200,000 in coverage to help you replace a group benefit plan when you retire. If you convert to FollowMe™ within 60 days of your group plan's coverage ending, you can get insured without a medical exam or health questions.
We work with the biggest providers of life insurance in Canadaand are able to offer a full range of options at a most competitive rate. Apply online for a no obligation quote.
|Are your polices underwritten at the time of application? Do they pay out the death benefit or premiums if the insured passes away in the first two years?||Under the available Costco policies, all plans are underwritten at time of application with the exception of the FollowMe plan, which requires no medical exam if you switch from a group policy within 60 days of it ending. In all cases, full benefits are payable from the day the application is approved and coverage issued.|
We work directly with over 20 leading Canadian insurance providers
We are able to find the lowest premiums on the market
We offer a complete range of plans to suit any need and budget