Universal Life

Lifelong coverage with flexible premiums.

 

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

 

Sources for statistics: 1U.S. Bureau of Labor Statistics; 2December 2016 data provided to Credit.com by credit bureau Experian