Answering the market's call for security, The Manufacturers Life Insurance Company of New York introduced Manulife New York Survivorship UL-G, the Company's first survivorship universal life insurance product to offer lifetime guaranteed coverage.
Manulife New York Survivorship UL-G also can deliver increased affordability through significant overall premium reductions, compared to level paying, for clients who prefer to high early fund their policies.
Manulife New York Survivorship UL-G is designed to provide guaranteed coverage for lives of the insureds, even if the policy's net cash surrender value falls to zero or below. Manulife New York Survivorship UL-G offers these guarantees with competitively priced premium funding options, providing flexibility to meet a wide range of policyholder needs.
"We have seen increased demand in the market for products with lifetime guarantees," said Robert A. Cook, representative of Manulife New York. "Manulife New York Survivorship UL-G meets this demand by offering policyholders the security they need with the affordable and flexible funding options they want."
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