Group Life Insurance

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.Group Life Insurance

Group life insurance provides valuable protection for plan members and their dependents, at a low cost.


Four types of Group Life Insurance benefits are available:
    1. Employee Basic Life,
    2. Employee Optional Life,
    3. Dependent Basic Life,
    4. Dependent Optional Life.

Employee Basic and Optional Life benefits provide financial assistance to the designated beneficiary, payable upon the plan member's death.

Dependent Basic and Optional Life benefits provide financial protection for the plan member's family, covering his or her spouse and dependent children. The benefit is payable to the covered plan member upon the death of the dependent.

Now available! Introducing the Manulife Bank Safe Access Account

Claimants of Group Benefits Life and Accidental Death and Dismemberment insurance policies may now be provided with a Manulife Bank Safe Access Account.

What is it?
In the past, insurance benefits have been paid out by cheque to claimants. With the Safe Access Account, proceeds are deposited into a Manulife Bank high-interest earning chequing account, on behalf of and with the informed consent of eligible claimants.

What are the benefits?
  • a high-interest chequing account where interest is calculated on the closing daily balance, starting from the first day the claim proceeds are deposited
  • immediate access to funds
  • unlimited free cheque writing with no monthly service charges
  • access to internet banking and
most importantly... time to think knowing that claim proceeds are safe and earning an attractive rate of interest.

For more information about the Safe Access Account, please contact your local Manulife Financial Group Benefits representative or the appropriate Group Benefits Life Claims Office:

Halifax: (902) 453-4300 or 1-866-447-4517
Montreal: (514) 288-6268 or 1-866-236-6313

To learn more about the Manulife Bank and the Safe Access Account, click here.

To review the Manulife Bank operating agreement for the Safe Access Account, click here.

Contact a local Manulife Financial representative or your benefits consultant for more information.




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