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Highlights

Converting term insurance to new permanent insurance is a benefit under many life insurance policies. Beginning April 1, 2016, we will no longer treat converted coverage as a tax continuation. This will help us provide better service to clients. This is an administrative change to our practice of treating certain converted coverage as a continuation of the original coverage from a tax perspective.

Repsource files and links

Term conversions will no longer be treated as a continuation of coverage April 1

https://repsource.manulife.com/ds001ap/wps/myportal/Repsource/Repsource/NewsRoom?urile=wcm:path:/repsourceNews/News+Content/Insurance/NewsStories/news_ins_termconvapr1 

URL will be live Monday.