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Manulife UL sample rider

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Term insurance rider

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This sample policy contract is provided for your information only.
It is not a valid contract or an offer of insurance.
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The Manufacturers Life Insurance Company 02/2016


Term insurance rider (TIR)
Each TIR coverage insures the life of one person and pays a death benefit if the insured
person dies before the TIR coverage ends, as described in this rider.

If two TIR coverages are combined, and one of these coverages ends due to the death of the
insured person, the remaining TIR coverage continues as a single life coverage.

This rider uses certain terms in specific ways. The definitions of these terms are part of this
rider. See the section called Definitions in your Policy provisions for a complete list of terms.

See your Policy summary for details of each TIR coverage, including amount of insurance,
rider coverage costs and expiry dates.

Death benefit

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The death benefit for each TIR coverage is the amount of insurance for that coverage shown
in your Policy summary. Any death benefit we pay under this rider is subject to the Suicide
exclusion described below.

Your right to name a beneficiary

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You have the right to name and change your beneficiary or beneficiaries for each
TIR coverage. When a death benefit is payable, we pay that death benefit to each
beneficiary according to your instructions. If you haven’t named a beneficiary, we pay the
death benefit to you or to your estate.
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You can change a beneficiary at any time before an insured person’s death, as long as the
change is allowed by law. However, if you have named an irrevocable beneficiary, you can’t
make a change without that beneficiary’s consent.

Suicide exclusion
We don’t pay the death benefit as described in the section called Death benefit if the
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insured person, whether sane or insane, commits suicide within two years of the day we
issued or last reinstated the TIR coverage, whichever is later. Instead, we pay a reduced
death benefit.

The reduced death benefit equals the costs that have been paid for the TIR coverage since
the date it was issued or last reinstated, whichever is later. We show this date as the
coverage issue date in your Policy summary.

Changing Healthstyle, insurance ratings or exclusions


Once in every 12-month period, you can ask us to review the insured person’s Healthstyle,
insurance ratings or any exclusions that are in effect on the insured person’s TIR coverage at
that time. The insured person must provide evidence of insurability satisfactory to us before
we will approve a change.

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Term Insurance Rider

Changing your cost type


You can apply to change the cost type of a TIR coverage to a cost type that is renewable for
a longer term. When we approve the change, we terminate the original TIR coverage and
issue a new TIR coverage.

The new TIR coverage insures the same person as the original TIR coverage. The amount of
insurance provided by the new TIR coverage is the same as the amount of insurance
provided by the original TIR coverage.

When you can apply to change your cost type


You can apply to change the cost type before the 5th coverage anniversary of the
TIR coverage.

How to apply to change to your cost type

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You must submit an application to change your cost type. We do not require evidence of
insurability but the change is subject to our administrative rules.

Rules that apply to changes to your cost type

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The insured person must meet our minimum and maximum age requirements for the new
TIR coverage, based on our administrative rules.

The amount of insurance provided by the new TIR coverage cannot be below the minimum
we allow for the new cost type.

If we approve your application to change your cost type, your TIR coverage costs may
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increase. We base the new TIR coverage cost on:
 the rates in effect for the new cost type on the new coverage date
 the age of the insured person on the birthday nearest to the new coverage date
 the personal information shown in your Policy summary for the original TIR coverage
 the Healthstyle of the insured person shown in the Policy summary for the original
TIR coverage. If the insured person’s Healthstyle category is 1 or 2 for the original
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TIR coverage, and if the same category is not available on the new TIR coverage, then
we use Healthstyle category 3 for the new TIR coverage.

The new TIR coverage takes effect on the monthly processing day that is on or immediately
after the day we approve the change. We refer to this date as the new coverage date in this
section. The original TIR coverage ends at 11:59 p.m. on the day before the new
TIR coverage takes effect. If the insured person dies before the new TIR coverage takes
effect, we cancel your application to change the cost type.

If we apply the suicide exclusion to the new TIR coverage or question the validity of your
new TIR coverage, we use the date we issued or last reinstated the original TIR coverage,
whichever is later. See the section called Suicide exclusion in this rider or How we respond to
misrepresentation or nondisclosure in your Policy provisions for more information.

The new TIR coverage includes any limitations to our liability that apply to the insured
person covered by the original TIR coverage, as well as any limitations we regularly include
in TIR coverages being issued with the same cost type for people of the same age, sex,
insurance rating, and Healthstyle or comparable risk category.

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Term Insurance Rider

Your conversion benefit


You can convert all or a portion of the insurance provided by a TIR coverage to new
permanent life insurance, as described in our administrative rules. The insured person does
not need to provide evidence of insurability.

If you convert a portion of the insurance provided by a TIR coverage, the amount of
insurance provided by that TIR coverage decreases by the amount you convert. If you
convert all of the insurance provided by a TIR coverage, that TIR coverage ends, as described
in the section called When a TIR coverage ends.

When you can apply for conversion


You can apply for conversion before the conversion expiry date, subject to our
administrative rules. We show the conversion expiry date in your Policy summary.

How to apply for conversion

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To apply for conversion, you must submit an application along with the first payment
required for the new insurance. Any irrevocable beneficiary and collateral assignee, or
hypothecary creditor under the Quebec Civil Code, must consent in writing to the
conversion.

Rules that apply to conversion

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The new life insurance must be one of the following:
 a new coverage on an existing permanent life insurance policy with us, subject to our
administrative rules
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 a new permanent life insurance policy offered by us on the date you apply for the new
life insurance

If you convert a single life coverage, we issue your new life insurance as a single life
coverage, with the same insured person as the TIR coverage. The amount of insurance
provided by the new life insurance can’t be more than the amount of insurance provided by
the TIR coverage.
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If you convert combined coverages, your new life insurance can be one of the following:
 one joint first-to-die coverage, with the same insured people as the combined
coverages, where the amount of insurance provided by the new coverage can’t be more
than the amount of insurance provided by one of the combined TIR coverages
 two separate single life coverages, one for each insured person covered by the
combined coverages, where the amount of insurance provided by each new coverage
can’t be more than the amount of insurance provided by one of the combined
TIR coverages

Each insured person must meet our minimum and maximum age requirements for the new
life insurance you want to buy, based on our administrative rules.

The amount of insurance provided by the new insurance coverage:


 must be within our minimum and maximum limits for the product you choose
 cannot increase over time

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Term Insurance Rider

We base the cost of the new life insurance on each insured person’s age on the birthday
nearest the effective date of the new life insurance and on their personal information
shown in your Policy summary. If the new life insurance is joint first-to-die, we calculate the
joint age based on our administrative rules for that new life insurance.

We issue the new life insurance with the Healthstyle of the TIR coverage, unless:
 the TIR coverage was issued with a Healthstyle of 1 or 2 and you are converting on or
after the 10th anniversary of the TIR coverage, or
 the TIR coverage was issued with a Healthstyle of 1 or 2 and these Healthstyles are not
available on the new life insurance.
In these instances, we issue the new life insurance with Healthstyle 3.

The new life insurance includes any limitations to our liability that apply to the insured
person covered by the TIR coverage, as well as any limitations we regularly include in
policies being issued on the same plan for people of the same age, sex, insurance rating,
and Healthstyle or comparable risk category.

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If we apply the suicide exclusion to the new life insurance or question the validity of your
new life insurance, we use the date we issued or last reinstated the TIR coverage, whichever
is later. See the section called Suicide exclusion in this rider or How we respond to

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misrepresentation or nondisclosure in your Policy provisions for more information.

Adding riders to your new life insurance


The new life insurance cannot include any riders unless you provide evidence of insurability
satisfactory to us.
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When the new life insurance takes effect
The new life insurance takes effect on the monthly processing day after we approve your
application.

If the person to be insured by the new life insurance dies before it takes effect, we cancel
your application for new life insurance and refund all payments you have given us for it.
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Your temporary term insurance benefit


If your policy ends due to the death of a person insured by the policy, we automatically
provide 31 days of temporary term insurance coverage to any living insured person covered
by a TIR coverage on your policy.

The temporary term insurance coverage takes effect immediately after your policy ends.

Death benefit for your temporary term insurance coverage


The death benefit provided by your temporary term insurance coverage equals the amount
of insurance provided by the TIR coverage on the day the policy ends. The beneficiary for
the temporary term insurance coverage is the same as the beneficiary for the TIR coverage.

We won’t pay any death benefit for your temporary term insurance coverage if:
 the insured person commits suicide, whether sane or insane, or
 we question the validity of the TIR coverage.

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Term Insurance Rider

Rules that apply to your temporary term insurance coverage


During the 31-day period you can choose one of the following options:
 you can convert the TIR coverage to new permanent life insurance
 you can transfer all or a portion of the amount of insurance provided by the
TIR coverage to a new term insurance policy

If your policy ends due to your death and you have not named a successor policy owner,
called a subrogated policyholder in Quebec, the person insured by the TIR coverage may
apply to convert or transfer the TIR coverage.

How to convert your TIR coverage to permanent life insurance


See the section called Rules that apply to conversion for details.

Dates we use for conversions to permanent life insurance

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If you convert your TIR coverage to a new permanent life insurance coverage on a new
policy, we use the 31st day after your policy ends as the conversion date.

If you convert your TIR coverage to a new permanent life insurance coverage on an existing
policy, we use the existing policy’s monthly processing day that occurs within the 31-day

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period of temporary term insurance coverage as the conversion date. If two monthly
processing days occur within the 31-day period, we use the later of those monthly
processing days as the conversion date.

How to transfer your TIR coverage to a new policy


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You must submit an application for insurance along with the first premium required for the
new term insurance policy before the end of the 31-day period. You don’t need to provide
evidence of insurability. The transfer is subject to our administrative rules.

Dates we use for transfers to a new policy


The transfer date is the date the new policy takes effect. We use the monthly processing day
after the day your policy ends as the transfer date. Premiums for the new policy become
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payable starting on the transfer date. If the person to be insured by the new policy dies
before the transfer date, the new policy does not take effect and we refund all payments
you have given us for it.

Rules that apply to transfers to a new policy


The policy date of the new policy and the coverage date of the insurance coverage on the
new policy are the same as the coverage date on the TIR coverage.

We base the coverage expiry date of the insurance coverage on the new policy on our
administrative rules in effect on the policy date of the new policy.

The new insurance coverage has the same coverage type and cost type as the TIR coverage.
If the same cost type is not available, we use the cost type with the next longest renewal
period.

The new insurance coverage must insure only the insured person covered by the
TIR coverage.

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Term Insurance Rider

The amount of insurance provided by the insurance coverage on the new policy must not
exceed the amount of insurance provided by the TIR coverage.

We base the premiums for the new policy on:


 the insured person’s age on the birthday nearest the coverage date of the insurance
coverage on the new policy
 the duration of coverage calculated from the coverage date
 the insured person’s sex, Healthstyle, and insurance rating on the TIR coverage being
transferred as shown in your Policy summary

The beneficiary for the new coverage is the same as the beneficiary for the TIR coverage
being transferred, unless the owner of the new policy names a new beneficiary.

The suicide and contestability provisions apply from the coverage issue date of the
TIR coverage being transferred. See the section called Suicide exclusion in this rider or How
we respond to misrepresentation or nondisclosure in your Policy provisions for more

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information.

The new policy includes any limitations to our liability that apply to the insured person
covered by the TIR coverage, as well as any limitations we regularly include in policies being

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issued on the same plan for people of the same age, sex, insurance rating, and Healthstyle
or comparable risk category.

When your temporary term insurance coverage ends


Your temporary term insurance coverage remains in effect until the earliest of the following
dates:
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 the 31st day after the day your policy ends
 11:59 p.m. of the day before the effective date of any new insurance purchased under
the terms of this rider

When a TIR coverage ends


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Each TIR coverage ends on the earliest of the following dates:


 the first monthly processing day that occurs on or after the day we receive your written
request at our Canadian head office to cancel a TIR coverage
 at 11:59 pm the day before any new life insurance takes effect, if
 you convert the TIR coverage, or
 you convert a portion of the amount of insurance provided by the TIR coverage and
the amount of insurance that remains after conversion does not meet our minimum
amount of insurance requirement for a TIR coverage
 the day we cancel your policy or TIR coverage or deny a claim, as described in the section
called How we respond to misrepresentation or nondisclosure in your Policy provisions
 the day the insured person dies
 the TIR coverage expiry date shown in the Policy summary

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Term Insurance Rider

When your TIR ends


This TIR ends on the earliest of the following dates:
 the first monthly processing day that occurs on or after the day we receive your written
request at our Canadian head office to cancel this rider
 the day the last TIR coverage on this rider ends
 the day your policy ends

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