NU Online News Service, Oct. 1, 12:25 p.m. – The U.S. insurance unit of Manulife Financial Corp., Toronto, is introducing two new variable life insurance products, the Venture Variable Universal Life Protector and Venture Survivorship Variable Universal Life policies.
Venture VUL Protector provides death benefit coverage on a single life.
Venture Survivorship VUL insures two people and pays a death benefit after the second insured dies.
Both policies offer a choice of 60 investment options and a 20-year "no lapse" guarantee, along with an option for extending the no-lapse guarantee to age 100.