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. | Limited Pay UL
Manulife’s Limited Pay UL offers a unique combination of permanent insurance protection, flexible coverage options, indispensable guarantees and opportunities for tax-advantaged savings.
Today’s guarantees bring tomorrow’s peace of mind
We’ve built several guarantees into Limited Pay UL – so you can buy it with confidence knowing some things will never change:
- Guaranteed cost of insurance rates1
- Guaranteed cost of insurance period (you can choose 10, 15 or 20 years)
- Guaranteed minimum interest rates on some investment accounts
- Guaranteed cash values2
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 | Flexible coverage that can change as your needs change
You may find that your insurance needs change over time. Limited Pay UL allows you to:
- Change your amount of insurance
- Change your existing insurance or rider coverage or add new ones3
- Increase the length of time you make deposits, with new rates and cash values based on your age and the rate at the time you originally purchased the policy4
- Customize a life insurance solution that’s right for your lifestyle, budget and financial goals by adding extra features such as a Term Insurance Rider, Child Protection Rider, Business Value Protector Rider or a Total Disability Waiver Rider
- Switch from 10-year Renewable to 20-year Renewable Term Rider coverage
Life can be this simple
Universal life insurance gives you the flexibility to deposit extra money into your policy to maximize your wealth accumulation. With Limited Pay UL, you can choose from fixed interest accounts that offer you safety and security or our Simplicity Portfolio Managed Accounts that offer the potential for higher returns.
With Limited Pay UL, you have the potential for lower premiums with our Healthstyles program. Healthstyles is a better way of determining what you should pay for your life insurance. We look in greater detail at your health and lifestyle and reward your healthy living with improved rates.
How are my investments doing?
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1Cost of insurance rates are guaranteed unless your coverage changes or you reinstate your policy.
2The Guaranteed Cash Values will be offset by any negative Account Value in the policy.
3We may ask you to provide evidence of insurability satisfactory to us.
4We may ask you to provide evidence of insurability satisfactory to us.
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