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Manulife New York Launches New Universal Life Insurance Products -- Manulife New York UL-G and the enhanced Manulife New York UL-LC provide clients with more choices in affordable coverage -- Valhalla, NY - Providing clients with the affordable guaranteed coverage they need, The Manufacturers Life Insurance Company of New York (Manulife New York) introduced Manulife New York UL-G1, its new universal life insurance product. Designed with lifetime no lapse guarantees2 and competitive premiums, Manulife New York UL-G offers more premium funding choices and increased affordability to meet the payment and security needs of policyholders. In addition, Manulife New York also introduced premium enhancements to their Manulife New York UL-LC3 product, providing an option for clients whose primary need is an affordable universal life insurance product. Whether the focus is on guarantees or affordability, with these new products and enhancements, Manulife New York now offers clients and advisors more choices to meet their universal life insurance needs. Meeting market demand for strong guarantees, Manulife New York UL-G provides guaranteed coverage for the life of the insured, even if the policy’s net cash surrender value falls to zero or below. Its competitive premiums make Manulife New York UL-G one of the most affordable guaranteed coverage for life products in the industry, regardless of how the client wants to fund the policy. For clients for whom guaranteed coverage is not as important as increased affordability, Manulife New York announced pricing enhancements to Manulife New York UL-LC. With this pricing reduction, Manulife New York UL-LC now provides even more affordable lifetime insurance protection. “Manulife New York is committed to the New York marketplace and to providing competitive products for our clients,” said Robert A. Cook, representative of Manulife New York. “The new Manulife New York UL-G and the enhanced Manulife New York UL-LC expand the breadth of our single life universal portfolio and complement our competitive single life variable products to offer advisors more choices to meet almost any client need.” About Manulife New York Manulife New York is committed to offering the highest quality annuity, life insurance, and pension products to our clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive, risk adjusted returns, and broad diversification across asset classes, investment styles, and asset managers. With Manulife New York’s broad product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife New York is committed to providing quality products designed to help create and preserve wealth for our clients. Manulife New York can be found on the Internet at www.manulifenewyork.com. 1 Manulife New York UL-G is issued by The Manufacturers Life Insurance Company of New York, Valhalla, New York. 2 These guaranteed product features are dependent upon the claims-paying ability of The Manufacturers Life Insurance Company of New York. 3 Manulife New York UL-LC is issued by The Manufactures Life Insurance Company of New York, Valhalla, New York. -30- Media Contact:Heather Randolph Carter U.S. Communications 617-854-4342 heather_carter@manulife.com |
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