Permanent life insurance with an additional level of flexibility.
Unlike whole life insurance, universal life insurance provides another layer of flexibility. Premiums are flexible and adjustable, because we understand that sometimes, life happens. Universal life can also build cash value that employees can tap into during their lifetime.
LIFE INSURANCE STATISTICS
227.1%
From December 1986 to September 2017, funeral expenses rose 227.1 percent, while prices for all items rose 123.4 percent.1
$7,360
The national median cost of a funeral with viewing and burial in 2016 was $7,360.1
$61,554
In 2016, nearly 3 out of 4 consumers, 73%, died with significant outstanding debt. The average total balance of their debt was $61,554, including mortgage debt. Without home loans, the average balance was $12,875.2
ManhattanLife UNIVERSAL LIFE PROVIDES LIFELONG BENEFITS.
Universal life insurance is permanent coverage (as long as premiums are paid) that can be taken with you to your next job, or into retirement.
TWO DEATH BENEFIT OPTIONS
Level death benefit – the death benefit doesn’t change over time, and the beneficiary will receive the policy face amount less any accelerated benefit amounts paid and loan amounts outstanding.
Increasing death benefit – the death benefit grows as the accumulation value grows, and the beneficiary will receive the death benefit plus the accumulation value, less any accelerated benefit amounts paid and loan amounts outstanding.
ROBUST BUILT-IN BENFITS
Accelerated Death Benefit for Terminal Illness
ADDITIONAL OPTIONAL BENEFITS
Accelerated Death Benefit for Chronic Illness
Accelerated Death Benefit for Critical Conditions
Spouse and Child coverage
Accidental Death & Dismemberment