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Convert to a reduced paid up policy

Apply to use your policy’s cash value to convert the policy to a reduced paid-up policy.

DOWNLOAD POLICY DETAILS CHANGE FORM


Instructions

If your policy has an accumulated cash value, you can exercise the option to convert it to a reduced paid-up (RPU) policy. The face amount of your policy will be reduced and the life insured will be covered for the reduced face amount. You will not need to pay any future premiums. 

If you would like to apply to convert your policy to a reduced paid-up policy, please complete the Policy Details Change Form.

What you need to provide

1. Completed Policy Details Change Form

FAQ

Who will need to sign the form to activate the change? 
For non-trust policies, the Assignee or Policyowner must sign the form. 

For a Trust policy under S49L, either of the following parties must sign the form: 
• Policyowner and any one Trustee (excluding the Policyowner), or 
• All Beneficiaries (each Beneficiary must be at least 18 years old) 

For a Trust policy under S73, the Policyowner and all Trustees must sign on the form.


 

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Change payment method

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Change rider/supplemetary benefits details

Apply to make changes to your rider or supplementary benefit.

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Change insured person

Apply to change the Life Insured on your policy.

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Secondary life insured option

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Change occupation details

Update your policy with your change of occupation.

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Change of representative

Request for a change of servicing representative.

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Notify Manulife when you have made a will or a change to an existing will.

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