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Manulife Knocks Risk Charges Off VUL Policy

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NU Online News Service, Aug. 6, 3:05 p.m. – The Manufacturers Life Insurance Company (U.S.A.), Boston, has eliminated asset-based risk charges for the standard version of its Venture VUL Accumulator variable-universal life insurance policy.

The VUL policy offers a choice of 60 stock, bond, balanced and international investment options, along with five “funds of funds” for clients who would prefer to leave the investment choices to Manulife.

Manulife USA is a unit of Manulife Financial Corp., Toronto.

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