VOLUNTARY WHOLE LIFE INSURANCE

 

Whole Life insurance, through Manhattan Life, formerly Humana, provides you with additional financial security and is designed to last through your retirement. A Facility Care Rider offers protection for Long Term Care expenses.  


Employee Base Coverage Guaranteed issue limit: up to $14/week.
Coverage minimum is $2,500 to maximum of $125,000.
Spouse Stand-alone Coverage Guaranteed issue limit: $4/week to max of $15,000.
Coverage minimum is $2,500 to maximum of $50,000.
Child(ren) Stand-alone Coverage Guaranteed issue limit: up to $10,000.
Coverage minimum is $2,500 to maximum of $25,000.


The plan provides:

•       An accelerated death benefit for terminal illness. It will pay when insured is diagnosed with a terminal illness with 6 months or less to live. Payment is 50% of face amount of base plan or $100,000.

•       An accelerated benefit for terminal illness. Plan will pay lump sum of 50% of death benefit after diagnosis when life expectancy is 12 months or less.

•       A facility care accelerated benefit rider. Provides monthly benefit for licensed adult day care facility or inpatient residential care for nursing home or assisted living facility.


  To enroll or for additional information, please call Farmington at 877.290.3931.