Coverage that can also build cash value for your employees.
While a basic Term Life plan during an employee’s working years may be adequate, it may not be enough to provide the level of coverage their family needs in the later years. Whole Life from ManhattanLife can help. It provides coverage through retirement with premiums and benefits that don’t change with age. Whole Life can also build cash value that employees can access to help cover key life events such as mortgage costs, a child’s education expenses, retirement income and more.
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 Whole Life Provides Basic Benefits.
Whole Life is lifelong coverage (as long as premiums are paid) that you can take with you, even when you retire or a transfer to new company. It’s an excellent complement to a term life plan or as an additional long-term investment. There is also optional family coverage as a rider or separate policies for each family member. Coverage employees can count on for life.
STANDARD WHOLE LIFE BENEFITS
Accelerated benefit for terminal illness - if the insured is diagnosed with a terminal illness, he or she can receive a lump sum benefit of 50% of the death benefit (up to $100,000).
Facility care accelerated care benefit helps pay for nursing home, assisted living, and adult day care expenses while living.
OPTIONAL WHOLE LIFE BENEFITS
Automatic benefit increase
Accidental death and dismemberment
Loss of work
Level term to age 65
Waiver of premium
Family term