Apply to use your policy’s cash value to convert the policy to a reduced paid-up policy.
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.
1. Completed Policy Details Change Form
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.
Apply to increase of decrease your premium.
Apply to increase or decrease your sum insured.
Make changes to your standing instruction for recurring single premium (RSP) investments.
Apply to change the frequency of your premium payment.
Apply to change your payment method from GIRO to Direct Billing or vice versa.
Apply to make changes to your rider or supplementary benefit.
Apply to change the Life Insured on your policy.
Apply to appoint or change the Secondary Life Insured of your policy.
Update your policy with your change of occupation.
Request for a change of servicing representative.
Apply to reinstate a policy after it has lapsed.
Notify Manulife when you have made a will or a change to an existing will.
Apply to surrender or withdraw a policy in full or partially.