Creditor Insurance

Your Manulife One account can keep on working,
even if you can’t

If you didn't have an income, would you still have a home?

When you have payments to make, a serious injury or job loss could put quite a strain on your personal finances. Making sure you have adequate insurance to cover your borrowings is key.

Creditor insurance is a relatively easy and inexpensive way of protecting your financial stability and maintaining your family’s standard of living should an unexpected death, disability or job loss occur.

Key benefits

Manulife One Creditor Insurance:

  • Provides life insurance protection with the option to add disability and job loss coverage
  • May be applied for by all new and existing Manulife One clients who are Canadian Residents
  • Covers credit limits up to $500,000
  • Has a simple application process for mortgages up to $250,000 that consists of as few as three medical questions (in some cases, additional details may be required). Amounts in excess of $250,000 will require more detailed underwriting
  • Is available for joint account holders
  • Features automatic premium payments from your Manulife One account (if you choose) and automatic claims payments to your account
  • Allows you 30 days to cancel the insurance and receive a refund of your premium after you are accepted by the insurance company, if the policy does not completely meet your needs

There are a number of other important elements of creditor insurance that you need to be aware of, including when coverage takes effect, when benefits would be terminated, our privacy and confidentiality commitment and our policy regarding the exchange of information. Please see the product brochure for further details.


Life, disability and job-loss protection

Learn the details of the life, disability and job-loss coverage, including what the benefits are,
what your premiums could be and what exclusions you need to be aware of:

A little planning today can go a long way toward giving you confidence tomorrow.

Here to help you

Speak to your Banking Consultant or financial advisor about Manulife One Creditor Insurance today. For more information, you may also call Manulife Financial at 1-866-388-7095.

This web page is designed to outline the benefits for which you may be eligible and does not create or confer any contractual or other rights. All rights with respect to the benefits of a member will be governed solely by the Group Master Policy issued by The Manufacturers Life Insurance Company. Job loss insurance is underwritten by First North American Insurance Company, a wholly owned subsidiary of The Manufacturers Life Insurance Company.

Manulife One Creditor Insurance is administered and underwritten by The Manufacturers Life Insurance Company (life and disability insurance) and First North American Insurance Company (job loss).

Looking for another innovative mortgage solution?  Check out Manulife Bank Select