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Withdrawal depends on the type of policy you have. Withdrawal from Dividends and Paid-up addition will be applicable to traditional life products, while the Withdrawal from variable life funds will be used for variable life products.
How do I cancel my Manulife Coverme?
What if I change my mind after I apply? All our plans have a 30-day money-back guarantee. If you are not completely satisfied, return your policy by mail to Manulife within 30 days of the issue date. We will cancel your coverage and refund any premiums you paid.
What happens if I stop paying Manulife?
You can still pay your premium within 31 days after the premium is scheduled to be paid. This period is known as the grace period of your policy. If there is a claim during this period, we will reduce the benefit by the unpaid premium. If your premium remains unpaid after the grace period, your policy will end.
How to cancel Manulife insurance?
How do I cancel my policy? Complete and mail us the Policy Surrender form. Keep in mind that your cash value may be taxed as income. Call us at 1-888-626-8543 for a taxable gain quote.
How do you terminate an insurance policy?
Canceling your term policy couldnt be easier: just stop paying your premium and write a letter or call your insurer to let them know you are canceling the policy. Check the website of your insurer, too there may be a form there you can fill out to terminate your policy.
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