Manhattan Life Insurance Review & Ratings (2024)
Empower yourself with the wealth of insurance expertise available through Manhattan Life Insurance's comprehensive resources. From understanding policy options to navigating claims, our in-depth guides and valuable insights provide the knowledge you need to make informed decisions about your coverage.
Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
UPDATED: Jun 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jun 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Manhattan Life Insurance
Average Monthly Rate For Good Drivers
N/AA.M. Best Rating:
B+Complaint Level:
LowPros
- Over 160 years of established history.
- Diverse coverage options, including final expense whole life insurance and annuities.
- Competitive rates and discounts for policyholders.
- Positive customer feedback on efficient claims processing and responsive customer service.
- Wide availability in over 40 states, providing extensive coverage options.
Cons
- Limited online resources and a user-unfriendly website, impacting customer experience.
- Relatively limited product offering, particularly in the realm of auto insurance.
- Website lacks certain features commonly found in other insurance providers.
- While generally competitive, pricing may not be the most attractive for customers seeking a wide range of insurance products.
- Limited product availability in specific states may restrict options for some potential customers.
In conclusion, Manhattan Life Insurance Company is a well-established insurance provider that has been in business for over 150 years. They offer a range of insurance products, including life insurance, annuities, and final expense insurance, and operate in over 40 states in the US.
Customers generally rate Manhattan Life Insurance Company’s customer service as good and appreciate that the company has a strong financial rating. The company offers several discounts that can help policyholders save on their premiums, and their pricing is generally considered competitive.
However, some customers have noted that Manhattan Life Insurance Company’s website can be difficult to navigate and that their product offerings may be somewhat limited compared to other insurance providers.
Overall, Manhattan Life Insurance Company is a good choice for customers looking for life insurance and annuities, but those looking for a wider range of insurance products or more robust online resources may want to consider other providers.
What You Should Know About Manhattan Life Insurance
Welcome to our comprehensive guide on Manhattan Life Insurance, your go-to resource for valuable insights and expert information on a wide range of insurance options. Whether you’re seeking life insurance to protect your loved ones, health insurance to safeguard your well-being, or annuities for financial security, we have you covered. Our in-depth articles cover key topics such as policy types, coverage options, premium factors, and the claims process, empowering you to make informed decisions tailored to your unique needs.
As you navigate the world of insurance, it’s essential to find the best rates from top insurance providers. Take the next step by entering your zip code below and unlock the power to compare rates, ensuring you secure the coverage you need at the most competitive price. Don’t miss out on the opportunity to protect what matters most. Enter your zip code now and embark on your insurance journey with confidence.
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Overview of Manhattan Life Insurance
Are you looking for reliable and affordable life insurance coverage? Manhattan Life Insurance Company might be the right choice for you.
With a history spanning over 160 years, Manhattan Life Insurance Company is a well-established insurance provider that offers a range of life insurance policies to suit different needs and budgets.
- Offers a variety of life insurance policies to suit different needs and budgets.
- Has been in business for over 160 years, providing reliable and trusted coverage to its customers.
- Provides competitive rates and discounts for policyholders.
In this article, we will review the company’s history, mission, products, services, pricing, and discounts, as well as customer reviews, to help you make an informed decision about your life insurance needs.
History and Mission of Manhattan Life Insurance
Manhattan Life Insurance Company was founded in 1850 and has a long and storied history spanning over 160 years. The company was originally founded as a fire and marine insurance company in New York City, but over time, it expanded its offerings to include life insurance and other types of coverage.
The company’s mission is to provide reliable and affordable life insurance coverage that meets the needs of its customers. Manhattan Life Insurance Company is committed to maintaining its status as a trusted and reputable insurance provider by offering exceptional service to its policyholders.
The company takes pride in its long history and its ability to adapt to changing market conditions and customer needs, while still maintaining its core values of honesty, integrity, and financial strength.
Manhattan Life Insurance Coverage Options
Manhattan Life Insurance Company offers a range of life insurance products and related services to meet the needs of its customers. Here is an overview of the main products and services that the company offers:
- Final expense whole life insurance: This type of policy is designed to help cover end-of-life expenses, such as funeral costs and outstanding medical bills. It provides a fixed death benefit and typically requires no medical exam.
- Universal life insurance: This type of policy provides both a death benefit and a cash value component. It allows policyholders to adjust their premium payments and death benefits over time to meet their changing needs.
- Term life insurance: This type of policy provides coverage for a set period, typically 10, 20, or 30 years. It is often a more affordable option than permanent life insurance but does not build cash value.
- Annuities: Manhattan Life Insurance Company also offers a range of annuity products, which can help individuals save for retirement or provide a source of income during their retirement years.
In addition to these main products, Manhattan Life Insurance Company also offers a range of other services, including:
- Online policy management: Policyholders can access and manage their policies online, including making payments, updating contact information, and more.
- Customer support: The company has a customer service team available to answer questions and provide support to policyholders.
- Agent support: Manhattan Life Insurance Company works with a network of licensed agents who can help customers choose the right insurance products and provide ongoing support throughout the life of their policies.
To get a more accurate idea of the cost of Manhattan Life Insurance Company’s products and services, it’s best to request a quote from a licensed insurance agent.
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States Where Manhattan Life Offers Coverage
Manhattan Life Insurance Company offers its life insurance products in many states throughout the United States. Here is a list of states where the company’s services are available:
Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin
It’s important to note that the availability of specific products and services may vary by state. To find out which products are available in your state, you can visit the Manhattan Life Insurance Company website or speak with a licensed insurance agent.
Manhattan Life Insurance Rates Breakdown
The cost of insurance from Manhattan Life Insurance Company will vary depending on several factors, including the type of policy, the coverage amount, the policyholder’s age and health status, and more. To get a more accurate idea of the cost of insurance from Manhattan Life Insurance Company, it’s best to request a quote from a licensed insurance agent.
They can help you understand the different options available, and provide you with a personalized quote based on your specific needs and circumstances.
It’s also worth noting that many insurance companies offer discounts to policyholders who meet certain criteria, such as having a good driving record or being a non-smoker. Be sure to ask about any available discounts when getting a quote.
Manhattan Life Insurance Discounts Available
Manhattan Life Insurance Company offers several discounts to help policyholders save on their insurance premiums. Here are some of the discounts that may be available:
- Multi-policy discount: If you have more than one policy with Manhattan Life Insurance Company, such as a life insurance policy and an annuity, you may be eligible for a multi-policy discount.
- Safe driver discount: If you have a good driving record with no accidents or moving violations, you may be eligible for a safe driver discount on your auto insurance policy.
- Non-smoker discount: If you are a non-smoker, you may be eligible for a discount on your life insurance policy.
- Group discount: Manhattan Life Insurance Company offers group discounts to policyholders who belong to certain organizations or work for certain employers.
- Customer loyalty discount: If you have been a policyholder with Manhattan Life Insurance Company for a certain period, you may be eligible for a loyalty discount.
It’s important to note that not all discounts are available in all states, and some may not be available for all policy types.
To find out which discounts you may be eligible for, it’s best to speak with a licensed insurance agent from Manhattan Life Insurance Company. They can help you understand the different discounts available and determine which ones you may qualify for.
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Getting a Handle on the Claims Procedure at Manhattan Life Insurance
Ease of Filing a Claim
Manhattan Life Insurance offers policyholders multiple convenient methods for filing insurance claims. Whether you prefer the ease of online submissions, the convenience of over-the-phone assistance, or the accessibility of mobile apps, Manhattan Life Insurance has you covered. Their commitment to streamlining the claims process ensures that policyholders can choose the method that suits them best.
Average Claim Processing Time
Manhattan Life Insurance is dedicated to providing efficient service to its policyholders. While the exact claim processing time may vary depending on the nature of the claim and individual circumstances, the company strives to process claims promptly. Policyholders can typically expect a reasonable turnaround time for claim processing, offering peace of mind during challenging times.
Customer Feedback on Claim Resolutions and Payouts
Customer feedback plays a crucial role in evaluating an insurance company’s performance, particularly regarding claim resolutions and payouts. Manhattan Life Insurance has received positive reviews from customers regarding their claims process. Policyholders have expressed satisfaction with the company’s responsiveness and fairness when it comes to settling claims.
This positive feedback reflects Manhattan Life Insurance’s commitment to providing reliable support during critical moments.
Manhattan Life Insurance Trailblazing Digital and Technological Advancements
Mobile App Features and Functionality
Manhattan Life Insurance offers a user-friendly mobile app designed to enhance the customer experience. The app provides access to policy information, allows policyholders to view and manage their accounts, and offers a convenient platform for filing claims.
Its intuitive interface and comprehensive features make it a valuable tool for policyholders seeking easy access to their insurance information on the go.
Online Account Management Capabilities
The company also provides robust online account management capabilities through its website. Policyholders can log in to their accounts to view policy details, make premium payments, update personal information, and more. Manhattan Life Insurance’s online portal simplifies the process of managing policies and ensures that customers have convenient access to essential information.
Digital Tools and Resources
Manhattan Life Insurance recognizes the importance of equipping policyholders with digital tools and resources. Their website offers a wealth of information and resources to help customers understand their policies, explore coverage options, and make informed decisions.
These digital resources empower policyholders to navigate the complexities of insurance with confidence, reinforcing Manhattan Life Insurance’s commitment to customer education and support.
How Manhattan Life Insurance Ranks Among Providers
In the dynamic landscape of the insurance industry, Manhattan Life Insurance Company faces competition from various well-established providers. Understanding its main competitors provides valuable insights into the choices available for individuals seeking insurance solutions. Here are some key competitors:
- Prudential Financial: A major player offering diverse insurance and financial products with a focus on financial wellness.
- MetLife: Known for its global presence, MetLife provides a wide range of insurance and annuity options.
- New York Life Insurance Company: With a rich history dating back to 1845, New York Life offers a variety of life insurance and investment products, emphasizing stability.
- Lincoln Financial Group: Providing comprehensive financial services, Lincoln Financial offers life insurance, annuities, and retirement solutions.
- Pacific Life: Recognized for its innovative products, Pacific Life offers a range of life insurance and annuity options with a focus on flexibility.
Navigating the insurance landscape involves considering various options, and these competitors represent some of the significant players alongside Manhattan Life Insurance Company. Each company brings its unique strengths and offerings to the table, catering to the diverse needs of individuals and families.
Exploring these alternatives allows consumers to make informed decisions aligned with their specific financial goals and preferences.
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Customer Reviews: Manhattan Life Insurance
Manhattan Life Insurance Company has generally positive reviews from customers. Here is a summary of what customers have said about the company:
- Financial strength: Many customers appreciate that Manhattan Life Insurance Company has a strong financial rating and has been in business for over 150 years. This gives them confidence that the company will be able to pay out claims when needed.
- Customer service: Customers generally rate Manhattan Life Insurance Company’s customer service as good. They appreciate that the company is responsive and helpful when they have questions or concerns.
- Competitive pricing: Customers generally feel that Manhattan Life Insurance Company offers competitive pricing for its products and that they are getting good value for their money.
- Limited online resources: Some customers have noted that Manhattan Life Insurance Company’s website is not very user-friendly and lacks some of the resources that other insurance companies offer, such as online quotes or policy management tools.
- Limited product offerings: Some customers have noted that Manhattan Life Insurance Company’s product offerings are somewhat limited, particularly in the area of auto insurance. They may not be the best choice for customers who are looking for a wide range of insurance products.
Overall, Manhattan Life Insurance Company appears to be a reliable and customer-friendly insurance company, particularly for customers looking for life insurance and annuities.
Frequently Asked Questions
What is Manhattan Life Insurance?
Manhattan Life Insurance is an insurance company that offers a variety of insurance products, including life insurance, annuities, and Medicare Supplement plans.
What types of life insurance policies does Manhattan Life Insurance offer?
Manhattan Life Insurance offers several types of life insurance policies, including term life insurance, whole life insurance, and universal life insurance.
What is term life insurance?
Term life insurance provides coverage for a specific period, typically 10 to 30 years, and pays a death benefit if the policyholder dies during the term. If the policyholder outlives the term, the policy expires and no benefits are paid.
What is whole life insurance?
Whole life insurance provides coverage for the entire life of the policyholder and includes a savings component that can accumulate cash value over time. The premiums for whole life insurance are typically higher than those for term life insurance.
What is universal life insurance?
Universal life insurance is a type of permanent life insurance that provides coverage for the entire life of the policyholder and includes a savings component. The policyholder can adjust the premium and death benefit amount over time.
What are annuities?
Annuities are financial products that provide a guaranteed income stream for a specified period or for the life of the annuitant. Manhattan Life Insurance offers both fixed and variable annuities.
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Michael Vereecke
Commercial Lines Coverage Specialist
Michael Vereecke is the president of Customers First Insurance Group. He has been a licensed insurance agent for over 13 years. He also carries a Commercial Lines Coverage Specialist (CLCS) Designation, providing him the expertise to spot holes in businesses’ coverage. Since 2009, he has worked with many insurance providers, giving him unique insight into the insurance market, differences in ...
Commercial Lines Coverage Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.