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Costco Insurance

Costco Insurance

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 Canada

and are able to offer a full range of options at a most competitive rate. Apply online for a no obligation quote.

Expert Answers about Costco Insurance
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.

3 Reasons to Choose LIFC:

  • 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

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