Marketplace

ManhattanLife Term Life

*Term Life*
Employees choose the amount of life insurance they need (based on coverage limits) and either a 10-year or 20-year term period. Premiums are guaranteed and will not increase during the term period. Upon the insured’s death, the beneficiary will receive the death benefit selected.

TERMINAL ILLNESS BENEFIT
- Accelerated benefit for terminal illness - if the insured is diagnosed with a terminal illness, he or she can receive a lump sum benefit of 50% of the death benefit (up to $100,000).

PORTABILITY BENEFIT
- Coverage is fully portable if you leave the company prior to age 70, as long as the Master Policy is in force.