Life Insurance Reviews

Manulife Life Insurance Reviews

This page has been viewed by: Please wait... consumers
(99 reviews)
Manulife
1.8 out of 5 stars:
Customer service:
Value for Money:
Share your own experience
Write a review

Payments

by Pissedoff on Jan 24, 2024
2.5 out of 5 stars

Wtf is up with this company!!! Is corporate dividends more important than paying your obligations to your clients. Major delays paying directly to dentists etc. They do the claim within a day or two but to the dentist it can be months.
Are they becoming corporate America.
Disgusting, please avoid anything to do with this company, life, retirement .

0 of 0 people found this review helpful. Did you?

YesNo

Dishonest scammers

by Furious on Jan 19, 2024
1 out of 5 stars

My wife and I are first time home buyers and were referred to manulife by our mortgage broker. I spoke to a representative on the phone, who outlined their options, which were quite expensive. I asked that the quotes be emailed to me and that I need to speak with my wife.

We wake up this morning to a series of confirmation emails stating that both of us have enrolled in the program for almost $600 per month. Absolutely outrageous. We phoned in and canceled immediately but I'm not 100% confident that they will actually do it. Simply shameful, and they have lost any potential business from us for sure!

0 of 0 people found this review helpful. Did you?

YesNo

Poor service all around

by Nadine Barnert on Mar 2, 2022
1 out of 5 stars

I have had nothing but bad experiences with Manulife in every way. They do not directly bill for anything and will always have to pay first and hope that their poor customer service will get to you eventually. They may send a reply stating you will hear from them within 7 to 10 business days, which is ridiculous, to begin with, but I am now on day 11, 3 emails in and have not heard from anyone as of yet. If I call I am waiting a ridiculous amount of time as well. Do they only have 1 customer service representative? I will never deal with Manulife again and will be sharing my experiences with anyone that will listen.

1 of 1 people found this review helpful. Did you?

YesNo
Did you know that if you are a 30-year old male, a term life insurance policy for 20 years with coverage of $200,000 will cost you around $19/month? Getting your term life insurance quote today will allow you to benefit from a great rate.

Worst company in the universe

by lemeshev on Feb 3, 2022
1 out of 5 stars

My deceased dad took out an annuity for my mom from Manulife sometime before his death in 2012... My mom's accountant flagged in 2021 that my mother was being taxed on an amount from this Manulife annuity that was not in her bank account. THE UPSHOT IS THAT MANULIFE HAD BY LAW BEEN REQUIRED TO MAKE A PAYOUT TO MY MOTHER EVERY YEAR BUT NEGLECTED TO DO SO FROM 2012 TO 2021. Yet they reported to the government that they sent the money to my mother so she had to pay tax on it. I called in April of 2021 and was unable to get past the guard of twenty-somethings whose sole job is to keep customers from getting the information they need. We talked to Rose, James, Ron etc etc etc - no last names of course. "We will provide you with that information in seven business days" No information was forthcoming. We called again. "We will provide you with that information before the end of the day" No call - no information. This went on through May. I said at one point that I would like to talk to Rose's manager "No, you can't" was Rose's response. Finally, in June one of them said that they didn't know who I was and I needed to provide them with my dad's death certificate and fill out a lengthy form as to why I should have this information. (They already had the POA I sent them stating that I was authorized to act for my mother) My father died in 2012 and a death certificate was sent to them in 2012. Another was sent in 2014 and yet another in 2017. I also had to provide my POA. This document was sent to them in 2012. "Just go to the file and pull the documents - you already have them," I said. "We won't do that" Was the reply. I resisted the impulse to say that "yes - my father is just as dead now as he was in 2012" That was definitely a low point having to prove that he was still dead repeatedly. Was satire required? "Yes, he faked his own death at the age of 92 in order to defraud Manulife out of a lousy $21,000 policy." We ran into a brick wall so I sent the package of notes that I had been keeping of every phone call to the Ombudsman. Lo and behold! We get a call from 'James'. "I am a TEAM LEADER," he said "I am here to help you" "You could start by paying my mother the interest that you earned by keeping her money for the last 8 years" "We don't do that" was the reply. After weeks of dealing with 'James', the money was eventually restored but we never did find out why the money was withheld for 8 years. Manulife is impossible to deal with. The action was only forthcoming because we notified the Ombudsman. Another low point - I was told that I needed to get my 96-year-old mother suffering from dementia to sign a form authorizing me to act on her behalf. I told them that, due to her dementia, she was incapable of doing so and YOU ALREADY HAVE THE POA THAT SPECIFIES THAT I ACT FOR HER. Avoid Manulife if you possibly can. They are terrible people. If you can't avoid them I would advise going directly to the Ombudsman so as not to waste the three months we did dealing with people on the phone. On an end note - we never did find out why they didn't make payments to my mother for 8 years.

4 of 4 people found this review helpful. Did you?

YesNo

Refused to refund

by Steve Vanderstelt on Oct 14, 2021
1 out of 5 stars

After signing up through a representative over the phone I noticed I had been charged twice for 2 months on my credit card and after calling them I was told to forward my statement to their customer service email.
After doing so they just told me they don't issue refunds, so I have been paying for 2 policies totalling $600 a month.
After the first reply email telling me they don't issue refunds I have received no responses since despite my continued emails.
It's infuriating that they would take money from unsuspecting like this and just hide behind their policies to justify theft.

3 of 3 people found this review helpful. Did you?

YesNo
Review topics

Bad customer service

by izy on Feb 24, 2021
1.5 out of 5 stars

I was trying to change the payment method to annually from monthly as it will be slightly cheaper. The customer rep told me there is not such a thing. I just need to pay 12 X what I pay monthly. I explained that I have a quote and it shows cheaper and also other insurance companies always give me a better rate. But she kept saying no and I asked her to ask someone else she ignored me a few times. Now I am again to talk with another rep.

2 of 2 people found this review helpful. Did you?

YesNo
Planning to get life insurance to protect your family, including children? Make sure that you get enough coverage. According to studies, it takes about $250,000 in total to raise a child to the age of 18 (and that doesn’t include any post-secondary education costs).

Added fees, no notification

by M.N. on Jul 28, 2020
1 out of 5 stars

I noticed on a recent statement that they started charging me fees for my holdings. When I initially opened an account with them in 2018 I was told there are no fees. The fees began in May 2019. I hadn't been checking statements closely because I had set up the account as a passive investment vehicle. When I called to find out what the fees were and they said "we started charging fees in 2019 and you were notified" even though I never received any explicit mail or email stating such. When I asked for a fair solution to these usurious fees I met with dispassion and excuses on why nothing could be done. This is why I don't go with "big bank" like companies, they all charge fees and treat their own clients unfairly.

1 of 1 people found this review helpful. Did you?

YesNo

BUNCH OF CROOKS

by diane on Jul 6, 2020
1 out of 5 stars

CROOKS. THAT IS WHAT THIS COMPANY IS! My Father paid into Manulife for over 50 years. He took ill and was in the hospital for a couple of months. He was put on life support at one point. Meantime his bill came in from Manulife, saying his policy was cancelled because he missed two payments. He lived by himself, the family lived outside the province, I contacted Manulife, and explained to them of Dad's illness, and asked them if I can make the payments when Dad comes home from the hospital? That I am very concerned about my Father's poor health, at this time they told me straight out that his insurance was cancelled and they could not wait for payments! Where did 50 years of my Father's hard-earned money go? That is how they treated my Father! I will never recommend this company to anyone, not even my worst enemy!

2 of 2 people found this review helpful. Did you?

YesNo

Avoid them!

by Scott on Sep 28, 2017
1 out of 5 stars

I owned policy and paid 6 months in advance. They never tell you that when you redeem your policy early (person passed away) you do NOT get your money back if you pay in advance! Don't pay in advance! Pay monthly! They are horrible.

1 of 1 people found this review helpful. Did you?

YesNo
Review topics
Not sure if you can qualify for life insurance with existing health pre-conditions? Let us to help you with a no medical life insurance quote, meaning that you do not need to pass a medical exam to qualify for a life insurance policy.

Excellent service and value

by eagleye on Mar 12, 2017
5 out of 5 stars

I've had three experiences on the claims side with Manulife. Two were of their life insurance policies and one was with their group employer short-term and long term disability coverage. In all three cases, I was not the claimant as such. With the two life insurance claims, I was the executor and administrator of two separate estates where the deceased was life insured by Manulife.

In both life insurance death benefits claims cases, Manulife's claims dept representatives were helpful, efficient and professional in their work. In both cases the death benefits were paid in full, expeditiously and without any delays or obstacles.

In the case of the short and long term disability case, it involved one of our company's employees. There again, Manulife's service was exemplary.

In a sense, am surprised by some of the negative reviews; however, it is more likely that one would be more motivated to place a negative review when feeling to be short-changed than a positive review for just receiving the expected. Thinking back I did have a terrible experience with one of the bank-owned insurance companies who did everything to deny a valid and fully documented travel medical emergency claim to the point that they eventually succeeded in frustrating the claim.

That case, not with Manulife but one of the bank-owned insurance companies, involved a medical emergency during a Carribean cruise. Despite having all the documentation, diagnosis, treatment, etc. they insisted on interviewing that attending physician whose personal contact information was unavailable due to privacy rules of the cruise liner. Apparently, they knew about that privacy rule of the cruise liner and used that knowledge to zap the customer.

1 of 2 people found this review helpful. Did you?

YesNo