Manulife Adds Two Variable Life Products

Policy purchasers can increase their projected income by assuming some market risk and investing policy assets in stock and bond funds. The no-lapse guarantee reduces the effects of the extra market risk on the policy death benefit, by protecting the full value of the death benefit from the effects of market volatility during the first 20 years that the policy is in force.

Manulife is also offering a term insurance rider; an estate tax protection rider; and a “quit-smoking” incentive.

The quit smoking incentive gives smokers a temporary break on rates during the first three policy years, then makes the lower rates permanent if the policyholder stops smoking for at least one full year.