Canada-based Manulife Financial has introduced a new insurance solution, Synergy, which features life, disability and critical illness insurance policies in single solution.

With one Synergy solution, consumers will be covered for disability, critical illness and death. Synergy provides a ‘pool of money’ used to provide benefits for critical illness claims, disability insurance claims and a death claim. Synergy benefits paid reduce the amount of the pool available.

Manulife marketing and product development, individual insurance vice president Paul Smith said with Synergy, Manulife is helping families address their life insurance needs as well as protect their income should they be unable to work.

"By introducing Synergy to their clients, advisors can discuss and address three important risk areas together, helping them build a comprehensive protection plan," Smith said.