Life insurance is an insurance product that provides assurance through lump-sum payment also known as "death benefits" to the beneficiaries upon the insured's death. There are two main types of life insurance: term and permanent.Insurance is a peace of mind product. A good insurance policy assures you that your loved ones won’t suffer financially should anything happen to you. There are a number of variations of disability insurance.
As Millennial take on the great responsibilities of life, their good financial habits are surprising everyone. But they’re still asking one question: "What and How does life insurance work?" Your present needs and financial situation may determine the type of life insurance coverage you might go for. However, you might want a better and more enhanced coverage with changing needs and conditions.
Life Insurance for Millennial
Security UL Universal Life Insurance plan is the Manulife life insurance product for individual protection that is designed for Millennial. It is simple, flexible and upgrade-able policy coverage.This insurance plan is easy to manage and understand that perfectly tailored to meet the Millennial or younger professionals needs and conditions.
Security UL Universal Life Insurance coverage starts at $50,000. Your policy growth can be seamlessly linked to the equity market or you can leverage securities with low-interest rates. This coverage gives you the opportunity to protect your children and even makes it possible for your children to obtain their own life insurance with ease.
Several coverage benefits are available for you for this plan that is easy to understand and manage.
Learn more about your other Manulife insurance options from these informative articles.