Manulife term insurance
by Doukat on Jul 27, 2026
1 out of 5 stars
After 40 years of taking my money, this fraudulent company, now that I want to reduce my insurance due to the high cost of living, it brazenly sets my payment for only half of the previous price for a third of the insurance amount. If this is not a trick, then what is?
Look elsewhere if you are interested in obtaining life insurance.
They will "double" your premium with two weeks notice if not less.
If you ask questions they will give you "sugar-coated" answers.
This company has absolutely no regard for its customers.
Thinking of getting a life insurance quote from an insurance agent? They work for one insurance company and can only sell the products of that company. That may not result in the best rate for you. Our insurance brokers compare life insurance quotes across 20+ Canadian insurers for you.
Everyone be aware that when your policy expires they will automatically renew it at a much much higher rate. My agent phoned me to ask if I wanted to renew my policy as it was coming to its end....10 years. I asked him what the new rate will be, he said he did not know but its much higher. I said I would not likely renew. He did not remind me the contract stated its an automatic renewal unless you contact Manulife. As a result I did not notice for several months they were with drawing from my acct. a 600% increase in rates, which they will not refund.
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Paid into term insurance since I was 20 now I’m 58 and they increased my payment to 322 a month for a 100,000 dollar policy my god ppl I have paid over 800,000 already your 100,000 is long gone I find this company to be quite fraudulent and the sales ppl are never around they don’t give u updates or nothing u just pap pay and pay some more to end up with nothing 322 dollars is like another car payment lol I cancelled the policy thanks to their increase and that’s what they want ppl they have made over 800,000 off me and I got nothing but scammed from this fraudulent company so I passing the word around not just here everywhere when hit with something like this and I’m sure I’m not alone we need to take the trash out