ManhattanLife Voluntary Benefits - Whole Life from ManhattanLife on Vimeo.

You may have “term” life insurance from your employment, but often you lose your term life insurance when your employment ends. In contrast, you can keep your “whole” life insurance regardless of employment and you earn cash value over time.

Coverage is guaranteed to level, and cash values stay with the policy for a lifetime, enabling funds to be taken as loans or used to buy paid-up coverage.

The Whole Life plan has a "living benefit" that offers real value while you're living. You can request an acceleration payment of up to 50 percent of the death benefit if you're diagnosed with a terminal illness in the future. The coverage also has monthly benefits available if you need at-home or facility long term care.

The cost of the coverage is based on your age at the time of purchase as well as the coverage amount and tobacco user status. Below are some examples of monthly premium amounts.