Premier Whole
Life Insurance
(PWL 95)

Whole Life Insurance

Affordable death benefit protection in a familiar format.

Overview

Competitive Advantages

This affordable death benefit protection product is a particularly good fit in wealth transfer applications, and provides excellent Internal Rate of Returns (IRR) on death.¹

Premier Whole Life offers our policyowners a choice of term riders that can further reduce the cost of Premier's already low premiums, namely:

• Life Plus I - designed to achieve low annual premium and early premium offset. Early premium offset occurs when the present value of future dividends combined with the current cash value of dividends is enough to pay or offset all future premiums due. (Dividends are not guaranteed.)
  
• Life Plus II - designed to achieve an even lower annual premium when early premium offset is not the driving factor
  

Life Plus...

• is a premium-paying rider that combines term coverage with permanent insurance
• includes the benefits of cash values, paid-up values and dividends
• is designed to be replaced gradually by permanent insurance over the life of the policy
  

Based on an individual's premium requirements, a customized blend of PWL95 and Life Plus can be designed -- up to a maximum of 90% Life Plus.

• Cash Enhancement Options (CEO)
  Our customers can further customize Premier Whole Life by adding annual and / or single payment CEO to accommodate extra premiums in the contract to:
  - provide earlier premium offset
  - enhance policy cash and paid-up
  
  
• Term Protection Rider (TPR)
  Manulife's Term Protection Rider is an inexpensive four-year level term rider designed primarily for estate planning cases, to provide additional death benefit during the first four policy years, so that funds will be available to pay the additional estate taxes due.²
  
  
• Non-Smoker Rates for Smokers for the First Three Policy Years ³
  Smokers receive non-smoker rates for the first three years. If they have quit smoking in these three years and provide evidence of insurability, they will be permanently changed to standard non-smoker status.  Additionally, our standard definition of non-smoker includes pipe smokers, cigar smokers, and smokeless tobacco users. Only cigarette smokers count as "smokers."

View and Download:

To learn more about the Premier Whole Life features and riders, or to obtain product brochures, please call 1-888-266-7498, option 2.

¹ Internal Rate of Return (IRR) on death is the interest rate at which the present value of the stream of cash inflows (premiums and loan payments) is equal to the present value of stream of cash outflows (death benefits). The Internal Rate of Return is not a measure of investment performance. 

³   Preferred and standard smokers will be charged standard non-smoker cost of insurance rates during the first three years. If insured(s) quits smoking for at least 12 months and provides evidence of quitting insured(s) will be charged standard non-smoker premiums permanently.  Not available in New Jersey.

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