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Manulife N.Y. UL Policy Offers Lifetime Guarantee

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NU Online News Service, June 3, 2004, 4:12 p.m. EDT – The Manufacturers Life Insurance Company of New York, Valhalla, N.Y., has introduced a universal life insurance product that offers a lifetime coverage guarantee.[@@]

The new Manulife New York Survivorship UL-G policy provides guaranteed coverage during the life of the insured even if the policy’s net cash surrender value falls to zero or below, Manulife New York says.

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Manulife New York, a unit of Manulife Financial Corp., Toronto, is responsible for backing the product guarantees.