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Manulife Adds VUL Policy

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NU Online News Service, April 15, 2003, 3:55 p.m. EDT – The Manufacturers Life Insurance Company (U.S.A.), Boston, has introduced the Venture Survivorship variable-universal life insurance policy.

The Manulife VUL policy comes with a free, limited 20-year no-lapse guarantee. Customers also can buy an Extended No-Lapse Guarantee that can protect against market downturns for any duration up to age 100.

The policy offers a choice of more than 60 brand-name investment options. The menu includes domestic and international stock and bond portfolios, index portfolios and lifestyle portfolios.

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Manulife will service the policy through the Web and through the telephone.

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