Manulife vs Sunlife Health Insurance
By Krista DeKuyper | February 16, 2023 |
Manulife vs Sunlife. Which is the better health insurance provider? When it comes to choosing a life insurance provider, Manulife and Sunlife are two of the most popular options. But how do these two providers compare when it comes to their products, services, customer service, costs and more? In this article, we will take an in-depth look at both companies to help you decide which is best for your needs. We’ll also provide information on any special offers or tips that may be available from each company so you can make an informed decision about which provider is right for you. So if you’re looking for life insurance coverage but aren’t sure whether Manulife or Sunlife is the best option for your needs, read on!
Overview of Manulife vs Sunlife
Manulife is one of the world’s leading life insurance providers and other financial services. Founded in 1887, Manulife has over 35 million customers around the globe. Manulife offers various life insurance products and services, such as term life insurance, whole life insurance, universal life insurance, and critical illness insurance.
Sunlife is another major life insurance provider with roots dating back to 1865. Sunlife offers similar products as Manulife, including term life insurance, whole life insurance, and universal life insurance. Additionally, Sunlife offers supplemental health and disability income protection plans that can be tailored to fit your individual needs and budget.
Comparison of Products, Services, Customer Service, Costs and more
Health insurance offerings
Both Manulife and Sunlife have very similar health insurance policies. For the sake of simplicity, we will only look at individual health insurance plans.
Sunlife offers 3 personal health insurance plans in Canada. Basic, standard, and enhanced. The basic is their lowest-cost plan and helps to cover the costs of basic medical and dental needs. The standard plan is their most popular plan. It includes more coverage for prescription drugs adn also includes emergency medical coverage for travel. Finally, enhanced is their most comprehensive plan. It includes even more prescription drug coverage and optional dental coverage that includes restorative and orthodontic services.
Manulife, on the other hand, offers two different plans. Flexcare and Guaranteed Issue Enhanced.
Manulife Flexcare allows you to only buy what you want. You can buy a Comboplus plan, which includes health and dental. You can also buy only a Dental plan or only a Drug plan. It is super customizable. Additionally, for those with pre-existing conditions, you can opt for the Guaranteed issue Enhanced plan with no medical underwriting.
Customer service
Both insurance providers have customer service phone numbers that any policyholder can use if they have any questions.
Costs
Based on a single female between the ages of 20 and 25 with no dependents and no spouse, the Sunlife Basic plan was quoted at $62, while the Manulife Flexcare Starter plan was quoted at $97. It is important to note the Manulife Flexcare Starter does offer more coverage than Sunlife.
Manulife vs sunlife: Advice on Choosing a Provider
When it comes to choosing between Manulife and Sunlife, there are a few tips and considerations to keep in mind. To begin with, it’s important to consider what you want and how much each plan will cover you. There are so many plans out there you need to make sure you go through them and understand which one is the best for you.
Of course, cost comes into play. You need to decide how much you are willing to spend on your health insurance, as that will be a determining factor.
Finally, you should also pay attention to the customer service offered by each provider. This can be important if you ever have any questions or need to make a claim.
Choosing the right life insurance provider can be a difficult decision. Manulife and Sunlife are two of the top providers in Canada, so it’s important to take your time when comparing their products, services, customer service, costs and more. While each company offers different options that may appeal to different customers depending on their needs and budget, there is no one-size-fits-all solution for choosing an insurer. By taking into account all the factors mentioned above and any special offers or tips you come across during your research process, you will be able to make an informed choice about which provider best suits your circumstances.
Check out the HealthQuotes website for more information on Canada’s affordable individual health insurance plans!
