July 14, 2017 11:30
Manulife has announced that it will offer pricing expedited for applicants between the ages of 18 and 45 years of age as of July 29. Previously, the simplified process was only available to customers aged between 18 and 40 years.
In February, the insurance has introduced the subscription accelerated life insurance temporary and permanent, and its product Synergy, eliminating at the same time, analyses of blood and urine for all its life insurance products for eligible customers of 18 to 40 years old.
«Manulife will be able to offer to eligible customers from 18 to 45 years old pricing accelerated for amounts of coverage up to $ 1,000,000 in the framework of the majority of our life insurance products «, explained the insurer in an announcement this week.
Pricing less intrusive and a processing time shorter
This change means the terms medical underwriting less intrusive (no sampling or biometric), a simplified process in a single meeting (appointment separated with a nurse, or a nurse is not required), and a processing time shorter, allowing guests to get a decision sooner, said Manulife.
The products eligible for the pricing accelerated are Temporary family, Temporary family – Vitality, a Temporary undertaking, having regard to the Manulife InnoVision, having regard to Safety, Performax Gold, Synergy, Guarantees and term insurance insurance life universal, whole life and Synergy.
An essential element of our mission of modernization of the insurance
«The pricing track is an essential element of our mission to insurance modernization to improve the buying experience. In the framework of the pricing accelerated, we use analytics to challenge the pricing practices of traditional and facilitate access to insurance. We demonstrate once more that we change fundamentally the way in which Canadians subscribe to the insurance, and the way in which they behave as a licensee, » said Manulife.