Manulife Canada is urging Canadians to reassess their life insurance coverage ahead of National Insurance Awareness Day on June 28, warning that many remain financially exposed as responsibilities evolve beyond traditional milestones like marriage or homeownership. The company points to a LIMRA and Capgemini report showing 63 per cent of people under 40 have no immediate plans to marry and 84 per cent have no immediate plans to have a child, while a separate LIMRA and Life Happens study finds nearly one-third of Canadians say they need or need more life insurance. Paul Savage, Head of Individual Insurance at Manulife Canada, noted that many Canadians do not realize how many people could be affected financially if something happened to them, and Pamela Wong, Head of Affinity, highlighted that less linear career paths can create gaps in workplace coverage. Manulife offers a range of insurance solutions and encourages Canadians to speak with an advisor or visit its website to explore options.
Manulife Financial CorpArticle promotes life insurance awareness, potentially increasing demand for Manulife's products.
Capgemini SE