Costco has partnered with Manulife Financial Services in order to offer special low-cost life insurance protection to their Executive-level members. Depending on the type of insurance product chosen, members can enjoy up to 15% in discounts on traditional and simplified policy plans.

Costco offers the following life insurance plans:

Costco Term Life Insurance - Available in 5 year terms with coverage amounts ranging as high as $750,000. All Executive members enjoy 5% reduced discounts, with an additional 10% in savings for face amounts above $200,000. For individuals under 55 with face amounts less than $250,000, a medical exam is not generally required.

FollowMe Life - Available as a replacement for a group benefits plan. If you convert to FollowMe within 60 days of your group plan ending, a medical exam is not required.

Please compare this institution to the rest of the Canadian market to ensure you’re getting the best possible conditions on your life insurance coverage.

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