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Costco Life Insurance

Costco has partnered with Manulife Financial to offer two affordable term life insurance plans to their membership. Both these plans are available without medical exam, offering you an alternate path to coverage should you suffer from health issues.

Unique to Costco, these plans offer up to 10% in discounted premiums for Standard and Executive members.

Costco Term Life Insurance

  • 5-year term coverage for those ages 18 to 65;

  • Coverage available from $50,000 to $750,000;

  • No medical exam is required for amounts less than $250,000 for those 55 and younger;

  • Guaranteed renewable and convertible up to age 75 with no medical exam;

  • Receive up to $100,000 in living benefits if you are diagnosed with a terminal illness;

FollowMe Life Insurance

  • Guaranteed acceptance if you transfer from an employer's insurance plan within 60 days of expiry;

  • Coverage available from $25,000 up to $250,000;

  • Guaranteed renewability up to age 80 with no exam;

  • Living benefit available up to $50,000 if you are diagnosed with a terminal illness.

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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Compare Canadian Life Insurance
Your Requirements:
Cover for:

Types of cover:

Life Cover

Life Insurance pays a sum to the beneficiary of the insured’s policy in the event the insured dies during the term of the policy.

Critical Illness

Critical Illness Insurance pays a benefit to the insured in the event the insured is diagnosed with a predefined illness during the term of the policy.

If not sure please select OTHER


Amount of Cover:

Here you can choose how much you would like the beneficiaries of your policy to receive in the event of your death.

Things you may consider are the amount required to maintain your family’s standard of living and the cost of paying off any large debts you may have such as a mortgage.

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