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Large national insurer at 0.932
Manulife is Canada’s largest life insurer by assets and sells through advisors and brokers. Our table prices it at 0.932 — mid-pack — so it is competitive without leading on price, and it is frequently the carrier behind employer plans.
The rate engine computes a baseline premium (age, sex, smoking, coverage and term) and multiplies it by the carrier factor. On the same profile, that factor is the entire price difference between carriers.
| Term-life factor | 0.932 |
| Critical-illness factor | 0.933 |
| Versus baseline (1.000) | -6.8% |
$500,000 coverage, 20-year term, male non-smoker — quoted side by side with the other five carriers.
| 25-year-old | $260–$260/yr |
| 35-year-old | $290–$290/yr |
| 45-year-old | $750–$750/yr |
| 55-year-old | $2,395–$2,395/yr |
Compared at 35-year-old · $500,000 · T20, taking each carrier lowest quote. Figures come from this site rate engine and move with the rate tables.
Slightly, in our table (0.932 vs 0.904 — lower is cheaper, so actually no: Sun Life is marginally lower).
See critical-illness pricing →
Life insurance carriers compared →
Price ranges are rate-table estimates based on public industry data and regulatory approval trends; final premiums are subject to carrier underwriting.