- Life Insurance
"Our Vision is to be the most professional life insurance
company in the world: providing the very best financial protection
and investment management services tailored to customers in
every market where we do business."
President and Chief Executive Officer
in 1887, Manulife Financial is a global insurance company
with operations in 15 countries and territories. Manulife
have operated in the United States since 1903. Manulife Financial
is committed to offering the highest quality annuity, life
insurance and pension products to Manulife's US clients. The
Manulife family of products is built around a powerful combination
of investment options chosen with the goal of providing risk-adjusted
returns and broad diversification across asset classes, investment
styles, and asset managers. With its broad product lines,
competitive underwriting, excellent ratings, and quality customer
service, Manulife is committed to providing premium products
designed to help create and preserve wealth for Manulife's
IN THE AFFLUENT MARKET
Manulife Financial focuses on satisfying the estate and
business planning need of affluent Americans. Manulife know
their market, its needs, and its characteristics. Manulife's
structure, product pricing, underwriting, and sales support
are all geared towards satisfying the insurance needs of affluent
Americans. The results speak for themselves:
Financial pioneered survivorship life insurance. Today,
Manulife offer four different survivorship products, covering
every major insurance type: survivorship whole life, universal
life, variable universal life, and term.
Financial has proven expertise in the estate planning
Financial seeks out large cases with their Jumbo Case
Management program. This program has resulted in over
240 cases with a total insurance amount of $20,000,000
or greater in the last three years.
Over the years, Manulife Financial has built a reputation
for high-quality, innovative products. In addition to pioneering
survivorship life insurance, Manulife designed riders such
as the Estate Preservation Rider and the Age 100 Advantage
to further customize their products for your clients' estate
planning needs. Other innovations include non-smoker rates
for smokers, preferred rates up to age 90 on many of Manulife's
products and more importantly their unique 20 year No-Lapse
Guarantee feature available on Manulife's variable universal
life and universal life insurance products
Financial has consistently shown a record of sustained growth
in all of its core businesses which is reflected in Manulife's
high ratings from independent agencies. Manulife's companies
have consistently received high ratings for financial strength
from top independent industry rating agencies, such as A.
M. Best, Fitch, Moody's Investors Service, and Standard &
Manulife - Universal Life
focus of Manulife Financial's new Universal Life products
flexibility - Not only do Manulife UL* and Survivorship
UL* offer flexibility in premiums and death benefits,
but they also provide several options that allow clients
to design a policy that meets their unique needs.
- If guarantees are a top priority, Manulife UL and Survivorship
UL offer several options, including guaranteed coverage
for as long as the insured(s) are alive.
- The features available with Manulife UL and Survivorship
UL allow the policy owner to have coverage that meets
their budget. The policy owner can now balance additional
security with lower-cost coverage by adding our Supplementary
Term Insurance Rider to provide additional death benefit.
Policy Protection Rider (PPR) is available on both Manulife's
single-life and survivorship universal life products. It ensures
that as long as the PPR is in effect the coverage cannot lapse
even if the cash surrender value falls to zero. While many
companies offer secondary guarantees, Manulife Financial allows
policy owners to select the PPR period they want. This allows
you to tailor the product to match specific insurance needs.
At no charge, your clients may choose the PPR for the minimum
period, which is to age 80 of the younger life insured or
five years, whichever is longer, and pay the premiums sufficient
to keep the PPR in effect.
a charge, the policy owner can select a longer period up to
age 100 of the life insured(s) and again pay the premium that
will keep the rider in effect up to age 100 of the life insured(s).
Guaranteed coverage for life can be secured by combining the
PPR to age 100 of the life-insured(s) and the Age 100 Advantage.
Choose the PPR to age 100 and pay the premium to keep the
PPR rider in effect to age 100. At that time, the Age 100
Advantage comes into effect, insurance-related charges stop
and coverage remains in effect until the death of the last
adding the Supplementary Term Insurance Rider to your clients'
basic coverage and selecting the Policy Protection Rider duration
that meets their needs, they can create a premium schedule
that is right for their budget.
Manulife - Traditional Life Products
Whole Life (PWL95) is a single-life,
participating whole life contract that has one of the lowest
guaranteed level premiums in the market place. This low-cost
death benefit protection product is a particularly good fit
in estate planning applications, and provides excellent Internal
Rate of Returns (IRR) on death.
Premier Whole Life offers Manulife customers a choice of term
riders that can further reduce the cost of Premier's already
low premiums, namely:
- designed to achieve low annual premium and early premium
- designed to achieve an even lower annual premium when
early premium offset is not the driving factor.
a premium-paying rider that combines term coverage with
the benefits of cash values, paid-up values and dividends.
designed to be replaced gradually by permanent insurance
over the life of the policy.
on an individual's premium requirements, a customized blend
of PWL95 and Life Plus can be designed -- up to a maximum
of 90% Life Plus.
Enhancement Options (CEO)
Manulife customers can further customize Premier Whole Life
by adding annual and/or single payment CEO to accommodate
extra premiums in the contract to:
earlier premium offset.
policy cash and paid-up values.
Protection Rider (TPR)
Life insurance transferred to a trust is includible in the
insured's estate if death occurs within three years of the
transfer (IRC 2035(d)(2. Manulife's Term Protection Rider
is an inexpensive four-year level term rider designed primarily
for estate planning cases, to provide additional death benefit
during the first four policy years, so that funds will be
available to pay the additional estate taxes due.
Rates for smokers for the first three policy years.
Smokers receive non-smoker rates for the first 3 years. If
they have quit smoking in these 3 years and provide evidence
of insurability, they will be permanently changed to standard
non-smoker status. If your smoking clients have been thinking
about quitting, this savings may give them another incentive,
or if they've recently quit they can get the benefit of cheaper
rates immediately with Manulife, versus waiting one or two
years with another carrier. If they don't intend to quit,
they STILL get cheaper rates for 3 years! Additionally, Manulife's
standard definition of non-smoker includes pipe smokers, cigar
smokers, and smokeless tobacco users. Only cigarette smokers
count as "smokers".
Financial's The Manufacturer's Survivorship is designed to
provide a competitive premium for clients who want the strongest
policy guarantees. The already low premium can be lowered
with Manulife's competitive term rider.
Plus Term Rider.
At a 50/50 term/perm blend, this term rider reduces the policy
premium to a level comparable to Manulife's competitor's products
at a 90/10 blend. Furthermore, this rider was specifically
designed to be less sensitive to dividend crediting rate reductions,
maintaining the same premium with dividend scale reductions
of up to 1.5%.
Adds both cash value and paid-up additional coverage to the