Cancellation service #1 in Canada
Dear Sir or Madam,
I hereby notify you of my decision to terminate the contract relating to the Ivari service.
This notification constitutes a firm, clear and unequivocal intention to cancel the contract, effective at the earliest possible date or in accordance with the applicable contractual period.
Please take all necessary measures to:
– cease all billing from the effective date of cancellation;
– confirm in writing the proper processing of this request;
– and, if applicable, send me the final statement or balance confirmation.
This cancellation is addressed to you by certified e-mail. The sending, timestamping and content integrity are established, making it a probative document meeting electronic proof requirements. You therefore have all the necessary elements to proceed with regular processing of this cancellation, in accordance with applicable principles regarding written notification and contractual freedom.
In accordance with personal data protection rules, I also request:
– deletion of all my data not necessary for your legal or accounting obligations;
– closure of any associated personal account;
– and confirmation of actual data deletion according to applicable privacy rights.
I retain a complete copy of this notification as well as proof of sending.
Cancellation Ivari: Easy Method
What is Ivari
Ivari (formerly known as Manufacturers Life or other brand names in some markets) is a Canadian life-insurance company offering term life, universal life and other individual life products. It distributes policies directly and through advisors, provides online customer service tools, and manages policy changes such as cancellations and surrenders from its Toronto office.
How to cancel Ivari
- For a policy without cash value: prepare a signed letter of direction that clearly states the policy owner(s), insured name(s) and policy number. The letter must be signed by all owners and by irrevocable beneficiaries where applicable. Submit this via Ivari’s online tool or mail it to Ivari’s cancellation address.
- For a policy with cash value (surrender): complete sections 1, 5(b) and 7 of the Policy Service form, sign on page 4, and submit the form via Ivari’s online tool or by mail to the same Toronto address. Be aware surrender may have tax consequences.
- Mailing recommendation: send by Canada Post using a tracked/registered method (the equivalent of raccomandata A/R) addressed to the P.O. Box below. If you use a private courier, it may require delivery to Ivari’s Yonge Street street address instead of the P.O. Box - check with the courier first.
What happens when you cancel
When a cancellation or surrender request is received, Ivari will process the request and, depending on the policy type, either terminate coverage or arrange a surrender payment. Coverage ends on the effective cancellation date; after that date insured parties no longer have protection under the policy. Policy records and personal data are retained according to regulatory and privacy requirements; you should receive confirmation of the cancellation and any payment details once processing is complete. If you have recurring payments or a pre-authorized debit, ensure you cancel the payment arrangement after confirmation to avoid further withdrawals.
Will I get a refund?
If you cancel during the free-look or review period (typically 10 - 30 days in Canada, depending on the insurer and province) and no claim has been made, you are normally entitled to a full refund of premiums paid. If you cancel after the free-look period, refunds depend on the policy type: term or other no-cash-value policies generally do not provide refunds, while cash-value policies (e.g., universal life) may provide a surrender value but that amount can be reduced by surrender charges, administrative fees and may have tax consequences. Large surrender charges and processing delays have been reported by some customers, so expect possible reductions and timing delays for any cash payment.
Ivari plans and pricing
| Plan | Price | Period | Features |
|---|---|---|---|
| Term Life, 20‑year, $250,000 coverage, non‑smoker, Male, age 30 | C$19.93/month | Monthly | 20‑year term, $250,000 death benefit, non‑smoker, male, age 30 |
| Term Life, 20‑year, $250,000 coverage, non‑smoker, Female, age 30 | C$14.09/month | Monthly | 20‑year term, $250,000 death benefit, non‑smoker, female, age 30 |
| Term Life, 20‑year, $250,000 coverage, non‑smoker, Male, age 40 | C$30.62/month | Monthly | 20‑year term, $250,000 death benefit, non‑smoker, male, age 40 |
| Sample Term Life, 20‑year, $500,000 coverage, Male, age 35, non‑smoker | C$31.00/month | Monthly | Approximate for Term 20, $500,000 coverage, male, age 35, non‑smoker |
| Sample Term Life, 30‑year, $500,000 coverage, Male, age 35, non‑smoker | C$48.00/month | Monthly | Approximate for Term 30, $500,000 coverage, male, age 35, non‑smoker |
| Universal Life, Male, age 30, $250,000 coverage | C$73.88/month | Monthly | Universal life with tax‑advantaged savings, male, age 30, $250,000 coverage |
| Universal Life, Female, age 30, $250,000 coverage | C$62.73/month | Monthly | Universal life with tax‑advantaged savings, female, age 30, $250,000 coverage |
Your consumer rights in Canada
Canadian consumers typically have a free-look or review period (usually 10 - 30 days, depending on the province and the insurer) that allows cancellation for a full refund if no claim has been made. For direct-sales contracts a statutory cancellation right of 10 days from receipt generally applies, and certain non-compliances by a seller can extend that right to one year. Insurers are expected to provide clear information, transparent claims handling, reasonable complaint resolution and to protect privacy. Businesses should notify policyholders of material changes or cancellations with appropriate advance notice (commonly 30 days or as required by provincial rules).
Customer experiences
Customer feedback is mixed but includes notable negative reports: reviewers have complained about large surrender charges that substantially reduce returned amounts and about delays in receiving funds. There are also complaints describing very poor or non‑responsive customer service. These issues have been significant enough that prospective cancellers should prepare for potential processing delays and ask for written confirmation and timelines when submitting a request.
Documentation checklist
- Letter of direction (for no‑cash‑value policy): states policy owner(s), insured name(s) and policy number, signed by all owners and irrevocable beneficiaries where applicable.
- Policy Service form (for cash‑value surrender): sections 1, 5(b) and 7 completed and signature on page 4 as required.
- Copy of government photo ID for the policy owner(s), and a copy of the policy declaration page or policy number.
- Bank account details for direct deposit (if surrender proceeds are expected) and any tax documentation you may need for your records.
- Copies of any correspondence with Ivari, and proof of mailing/tracking for your submission.
Common mistakes
Common errors include sending an unsigned or incompletely signed letter (all owners and irrevocable beneficiaries must sign where required), failing to include the policy number or insured name, and omitting the specific sections of the Policy Service form when surrendering a cash‑value policy. Another frequent issue is expecting a refund outside the free‑look period for a no‑cash‑value policy; typically no refund will be provided in that case. Sending documents by a private courier to a P.O. Box can cause returns - use Canada Post registered/tracked mail to the P.O. Box or confirm the correct street address with your courier.
Comparative recap
| Method | Refund | Difficulty |
|---|---|---|
| Cancel within free‑look period (any submission method) | Full refund if no claim has been made | Easy |
| Letter of direction - no cash‑value policy (online or mail) | Typically no refund after free‑look; coverage ends on cancellation | Low - Medium (requires correct signatures) |
| Policy Service form - cash‑value surrender (online or mail) | Surrender value may be paid but subject to surrender charges, fees and possible tax | Medium (requires specific form sections and signatures) |
After cancelling
Keep copies of everything you submit and the carrier’s tracking/receipt; ask Ivari for written confirmation of cancellation and an expected timeline for any payment. Monitor your bank for deposits and retain records for tax purposes if you receive a surrender payment. If you need more information or to submit documents online, use Ivari’s official site; for general consumer protection information use the Financial Consumer Agency of Canada. If you have complaints that are not resolved by Ivari, you can escalate as described on Ivari’s website or contact provincial regulatory authorities or the national consumer protection resources.
Helpful links: Ivari - official site, Financial Consumer Agency of Canada.
Address
ivari
P.O. Box 4241, Station A
Toronto, ON M5W 5R3
Note: for mailed cancellations use a tracked/registered Canada Post method. If you prefer a private courier, confirm whether the courier requires delivery to Ivari’s Yonge Street street address rather than the P.O. Box.