Engineers Canada insurance plans
Term 20 Life Insurance
Life insurance with a premium that stays the same for 20 years, for the years your family depends on your income most.
Underwritten by The Manufacturers Life Insurance Company (Manulife).
- Up to $2 million
- each, you and your spouse
- Fixed for 20 years
- then renewed to 90
- Apply up to 70
- usually no medical tests to 50
Underwritten by Manulife
Key features
What the plan gives you
Term life insurance with a premium that’s guaranteed for 20 years, paying a one-time cash benefit to your beneficiaries when you die.
Coverage up to $2 million
You and your spouse can each apply for $50,000 to $2 million, in $25,000 steps.
Premium guaranteed for 20 years
Your premium stays the same for the first 20 years, unless you change your coverage.
Renews to 90
Every 20 years your coverage renews automatically, with no health questions, at the rate for your age then.
Living benefit
If you’re diagnosed as terminally ill before 85, with 12 months or less to live, you can receive 50% of your coverage, to a maximum of $200,000, once your coverage is two years old.
Not tied to your employer
Your certificate is in your name, so it stays with you when you change jobs or retire.
Simple approval
Usually no medical tests if you’re 50 or under, for any amount, or 51 to 55 for up to $250,000. Manulife may still ask for medical information.
Also included
- 30-day money-back guaranteeReturn your certificate within 30 days for a full refund of your premiums.
- 60-day grace periodIf a payment is missed, your coverage stays in force for 60 days while you pay it.
Talk to us about this plan
Our advice on the Engineers Canada plans comes at no additional cost.
Book a callOr call 1-800-661-3300
Coverage over time
Fixed for 20 years, then renewed
- You applyAges 18 to 70.
- Year 20Renews automatically, no health questions, at the rate for your age then.
- Age 90Coverage ends.
Who can apply
Eligibility
Who
Canadian residents who are members of an engineering or geoscience regulator (including members in training), a participating technologist or architect association, or an accredited engineering student.
Ages and requirements
Ages 18 to 70 to apply. Your spouse can apply for their own coverage, also from 18 to 70.
See full eligibility
You can apply if you’re a Canadian resident and:
- A member of the engineering regulators that license the country’s 300,000 members of the profession (including members in training), or an engineering student in a program accredited by the Canadian Engineering Accreditation Board
- A member of the Ontario Society of Professional Engineers or Genium360
- A member of the Association of Professional Geoscientists of Ontario, Geoscientists Nova Scotia or the Ordre des géologues du Québec
- A member of one of the participating provincial associations of professional technicians and technologists
- A member of the Manitoba Association of Architects, the Architects’ Association of New Brunswick, the Nova Scotia Association of Architects or the Architects Association of Prince Edward Island
- A full-time employee of Engineers Canada, one of the engineering regulators or participating organizations, or Youth Science Canada
- A limited licensee or a provincial licensee
- Your spouse is the person you’re legally married to, or a partner who has lived with you in a conjugal relationship for at least 2 years.
- Your spouse’s coverage has its own certificate.
Rates
Current monthly premiums
Monthly premium per $25,000 of coverage, guaranteed for your first 20 years. The rate per $25,000 is lower at higher coverage amounts. Rates last checked October 2026. Source: Manulife. Premiums can change.
| Age | Male | Female |
|---|---|---|
| 25 | $1.22 | $0.85 |
| 30 | $1.22 | $0.87 |
| 35 | $1.24 | $0.92 |
| 40 | $1.79 | $1.30 |
| 45 | $2.90 | $2.00 |
| 50 | $4.92 | $3.31 |
| 55 | $9.07 | $6.28 |
| 60 | $15.88 | $11.45 |
Provincial sales tax is added to premiums in Manitoba, Ontario and Quebec.
Example: $500,000 for a 40-year-old man is 20 units at $1.79, $35.86 a month.
Renewal premiums after year 20 depend on your age at renewal and aren’t guaranteed.
We can quote your exact amount and compare it with Term to Age 85.
Exclusions and limitations
Suicide
If the insured person dies by suicide within 2 years of the effective date or a reinstatement, Manulife refunds the premiums paid since then instead of the full benefit, and the coverage ends.
Converting your coverage
You can convert to an individual permanent life policy without medical evidence only if the group policy is cancelled and not replaced. You must apply within 31 days, be 65 or under, and can convert up to $200,000.
When coverage ends
Coverage ends on the group policy anniversary on or after your 90th birthday, or earlier if premiums aren’t paid by the end of the grace period.
Choosing a term
Term 20 or Term to Age 85?
Both are Engineers Canada plans with the same eligibility. They suit different needs.
| Term 20 (this plan) | Term to Age 85 | |
|---|---|---|
| How long it lasts | 20-year terms, renewing to 90 | Renewable each year to 85 |
| How premiums change | Fixed for 20 years, then reset at renewal | Rise with each age band |
| Most coverage | $2 million | $1.5 million |
| Premium waivers | None | If you’re disabled, or out of work for 30 days |
| At the end | Coverage ends at 90 | Optional paid-up coverage for life |
| Who can apply | Same eligibility | Same eligibility |
| Application | Its own application | Term Life & Major Accident application |
Common questions
Term 20 FAQ
Can I reduce my coverage later?
Yes. Send Manulife a written request at any time to reduce it in $25,000 steps, and any unused premium is refunded.
Can I switch to non-smoker rates?
Yes, after 12 months in a row without tobacco or nicotine in any form, including vaping and nicotine replacement. Manulife may ask for information before approving the change.
What if I miss a payment?
You have a 60-day grace period. If the premium isn’t paid by then, the coverage ends. You can apply to reinstate it within 2 years, with any medical evidence Manulife asks for.
Related plans
Often considered together
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