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Manulife USA makes guaranteed coverage more accessible with Manulife UL-G -- Offers affordability at more ages and with more funding patterns -- BOSTON – An industry leader in guaranteed coverage, The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) introduced Manulife UL-G1, its new universal life insurance product. Designed with lifetime guarantees2 and significant premium reductions for clients at younger ages, as well as for those who wish to pre-pay their policies, Manulife UL-G offers more funding choices and increased affordability to meet the payment and security needs of policyholders. Meeting market demand for strong guarantees, Manulife 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 lower premiums make Manulife UL-G one of the most affordable guaranteed coverage for life premiums in the industry, regardless of how the client wants to fund the policy. “As an insurance provider with over 100 years of industry experience, Manulife USA utilizes our expertise and financial strength to develop some of the most competitive products in the market,” said Robert A. Cook, President, U.S. Insurance, Manulife USA. “The new Manulife UL-G illustrates this commitment, bringing customers the security they are asking for at a price they can afford.” About Manulife The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality life insurance, pension, and individual wealth management products to its 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 its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients. Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were US$96.4 billion (Cdn$141.6 billion) as at March 31, 2003. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. 1 Manulife UL-G is issued by The Manufacturers Life Insurance Company (U.S.A.), a stock company, which is a member of the Manulife Financial group of companies, wholly owned subsidiaries of Manulife Financial Corporation. All product features may not be available or may vary by state. Product availability subject to state approval. 2 These guaranteed product features are dependent upon the claims-paying ability of The Manufacturers Life Insurance Company (U.S.A.). -30- Media Contact: Heather Randolph Carter U.S. Communications 617-854-4342 |
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