Manulife discontinues disability products for business owners
September 26, 2023 at 3:20 pm,
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The insurer will stop accepting new business for four non-cancellable disability products as of Sept. 30.
“Closing these products allows us to focus on the other areas, and we’ll continue to offer disability products through the other channels,” said Manulife in a statement confirming the memo’s contents. “We will continue to offer Affinity and Group Benefits disability products to Canadians as well as continue to provide coverage and fulfill the contractual obligations to those who already purchased disability coverage prior to and on Sept. 30, 2022.”
Of course, clients with an existing policy have nothing to worry about. However, if you are a business owner and need disability, don't wait, get in contact with me today to discuss the alternatives out there!