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Term life insurance
DEATH IS RARELY discussed and even
less often planned for. But when it comes
to the well-being of your loved ones, a little
planning can go a long way in taking care
of your family’s financial future should you
or your spouse suddenly pass away.
Term life insurance, offered to Costco
members through Manulife,** offers the
; If you pass away while covered
under this plan, your chosen beneficiary will receive a predetermined amount of money to spend
any way he or she wants.
; You can choose a coverage
amount from $50,000 to $750,000.
; The payment amount can be used
where it’s most needed. Typical expenses
to cover include the mortgage or other
debts, education expenses, day-to-day bills
and expenses, and funeral costs.
; There are two ways to save: Members
NOTHING CAN PUT a damper on travel
faster than a medical emergency or sudden
illness. But would your health insurance
cover these medical costs if you were outside
of your province? You could find yourself
paying a lot for out-of-pocket expenses.
If you’re travelling outside of your prov-
ince of residence, your provincial health plans
may only cover some emergency
expenses that occur during
your trip. Any costs beyond
that are your responsibility.
That’s why it’s a good
idea to purchase travel insur-
ance. Costco is now offering
this service, through Manulife,**
which gives members access to exclusive
rates, and Executive members save close to an
additional 5 per cent on premiums.
Credit card insurance or even employee
health insurance plans may not cover all of
your needs—some policies have age limits
and others don’t offer trip cancellation coverage. With travel insurance through Manulife,
available to Costco members, there are many
plan options to suit your needs: medical-only
plans; all-inclusive plans that include emergency medical, plus coverage for baggage loss
and trip cancellation and interruption; multi-trip plans; plans for students; and more. You
pay only for the coverage you want.
Once you’ve purchased the insurance, be
sure to carry your wallet card, which contains
the Assistance Centre’s 24/7 toll-free number.
No matter where you’re headed, travel
insurance can help you prepare for the unexpected.—Hana Medina
Health and dental insurance
receive a 10 per cent savings on rates with a
coverage amount of $200,000 or more.
Executive members receive additional savings of almost 5 per cent on rates.
; Rates are guaranteed not to change for
five years. You can renew your coverage
every five years at your new rate, with no new
medical questions or exams, until the plan
expires when you reach age 75.
; With the Living Benefit, you’ll be
eligible to receive a cash advance of
up to 50 per cent of your coverage
amount, to a maximum of $100,000,
if you’re diagnosed with a terminal illness with less than 12 months to live.
; No medical tests are normally
required if you are 55 years of age or younger,
in good health and applying for coverage of
up to $250,000.
; If you’re not satisfied with your coverage within the first 30 days, you can cancel it
and receive a full refund.—SEP
MANY NECESSARY MEDICAL expenses
are not covered through provincial health-care plans: prescription drugs, dental care,
hearing aids, physiotherapy, glasses and contact lenses, registered massage therapy,
home care and nursing—the list goes
on, and, sometimes shockingly, it
can add up fast.
That’s why Costco offers members Manulife Health and Dental
Insurance in order to save on such
expenses. Manulife** offers three
health-care plans that vary in medical coverage and price: Starter, Essential and
Enhanced. Executive members can save close
to an additional 5 per cent on rates.
Plans include coverage for a wide range
of specialists and therapists, including acu-
puncturists, chiropractors, osteopaths, podia-
trists, naturopaths, chiropodists, registered
massage therapists, speech therapists, physio-
therapists, registered psychologists, marriage
and family therapists, and social workers.
Manulife plans can further their savings
by using Costco’s Optical department to
fulfill eye-care needs. Depending on
your plan, if you purchase eyewear at
Costco Optical, you will receive up to
$100 in additional coverage on your
To top it all off, Manulife offers insured
members Health Service Navigator®, a Web-based tool for accessing medical coordination
services and resources to navigate the
Canadian health-care system.
Whether you’re in need of a dental exam
or a simple prescription, Manulife has you
**Underwritten by The Manufacturers Life Insurance Company and First North American Insurance Company. A portion of travel insurance may be underwritten by First North American
Insurance. Manulife, PO Box 4213, Stn A, Toronto, Ontario M5W 5M3. Conditions, limitations and exclusions apply.