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.
Manulife will service the policy through the Web and through the telephone.
Manulife is a unit of Manulife Financial Corp., Toronto.