News from the companies of ManhattanLife
The Manhattan Life Insurance Company (MLIC) today announced the introduction of a new Multi-Year Guaranteed Fixed annuity product line. The Preferred Choice Series is a single-premium deferred annuity line offering guaranteed periods of three, five, six, and seven years.
The Preferred Choice Series five, six, and seven year products offer a 15% calendar year free withdrawal provision available in year one. Minimum premiums are set at $3,000 ($25,000 on Preferred Choice 6) with issue ages between 0 and 84. The Preferred Choice 3 product can be issued from ages 0 to 99 and offers interest only withdrawals.
“The Preferred Choice series was designed to appeal to investors who are looking for competitive interest rates, safety, tax deferred growth and lifetime income options,” said Dan George, Manhattan Life President. “We are excited to be offering our five, six, and seven year products with crediting rates currently at 3.00% or higher.”
In April of 2013, the Manhattan Insurance Group acquired Western United Life Assurance Company (WULA). WULA offers a full line of fixed annuity products throughout the western United States. All annuity underwriting and customer service for both companies will be done at the WULA home office in Spokane, WA. Between MLIC and WULA the two companies will now be offering annuity products in 45 states.
The MLIC and WULA fixed annuities are distributed through independent personal producing general agents and a select group of marketing partners throughout the United States. For more information and state availability please contact a Regional Sales Director at (800) 247-2045.
ManhattanLife is happy to announce significant enhancements to the Outpatient Benefits and the Emergency and Urgent Care visit benefits.
HOUSTON--(BUSINESS WIRE)--David Harris, CEO of ManhattanLife, announced today the acquisition of Standard Life and Casualty Insurance Company, expanding the company’s growing national footprint and complementing their already robust product offerings.
We're strengthening our presence in the retirement market with our two new Fixed Index Annuities (FIAs).
HOUSTON, July 2, 2020 /PRnewswire/ -- ManhattanLife, one of the oldest health and life insurance companies in the United States, announced today the growth of their partnership with Integrity Marketing Group ("Integrity") with the launch of the ManhattanLife Assurance Company (MAC) Medicare Supplement. This Medicare Supplement product is an extension of the current ManhattanLife Medicare Supplement portfolio and will be distributed exclusively through Integrity Marketing Group.
Designed specifically to meet the unique needs many seniors have, the ManhattanLife Lighthouse Series is meant to provide added security and protection when they need it most.