Yes. Send Manulife a written request at any time to reduce it in $25,000 steps, and any unused premium is refunded.
Can I reduce my coverage later?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about Term 20 Life Insurance
A premium that stays the same for 20 years, renewing to age 90.
More questions about Term 20 Life Insurance
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