Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years

UPDATED: Mar 30, 2021

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Facts You Should Know

  • The Manhattan Life Insurance Company has been doing business since 1850.
  • In recent years, the company’s life insurance products have been sold under the name ManhattanLife.
  • You will need to contact an agent to get a quote from the Manhattan Life Insurance Company.
  • The company offers whole life and term life insurance with benefits as high as $3 million.

Manhattan Life Insurance Company started in 1850, making it one of the oldest and most well-established life insurance providers in the U.S. Recently, the company has been offering its life insurance products under the brand name ManhattanLife.

Manhattan offers term life insurance quotes as well as whole life insurance rates. Our comprehensive guide will help you find Manhattan Life Insurance quotes and explain other details about the company.

If you want to see if ManhattanLife is available in your area, enter your ZIP code to compare multiple companies. You may find a company with better life insurance rates.

What is the history of Manhattan Life Insurance Company?

Manhattan Life Insurance Company is one of the oldest life insurance companies in America. Founded in 1850 by an insurance agent, the company became well known for finding and paying out benefits in highly unusual situations.

In the wake of the civil war, Manhattan Life Insurance agents located and paid benefits to confederate beneficiaries. After World War I, similar efforts were made, and the company refunded the wartime increase in premiums to policyholders.

In 1953, the company was praised on the Voice of America for successfully finding a beneficiary in Hong Kong to pay a policy benefit.

More recently, Manhattan Life began to operate as ManhattanLife in 2019. In 2020, the company purchased Standard Life and Casualty Insurance Company to further its plans to expand nationally. Notably, although Manhattan Life was founded in New York City, it is now headquartered in Houston.

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How much money did Manhattan Life Insurance Company earn last year?

According to Dun & Bradstreet, the Manhattan Life Insurance Company generated $36.68 in profits in 2020, which is lower than the previous year. The downturn in business during the COVID-19 outbreak is no surprise, and it’s likely that Manhattan Life Insurance Company will rebound in 2021 or 2022 depending on the continued impacts of the pandemic.

Manhattan Life Insurance Rates

Like most small companies, you can only get life insurance rates through the company’s agents or customer service representatives. Although the Manhattan Life Insurance company has ambitions to extend its reach, currently the company is too small to make rates available except through direct contact with agents.

If you want an idea of what average variable life insurance rates are before getting a quote from Manhattan Life, take a look at the table below.

Average Monthly Variable Life Insurance Rates by Gender
Age GroupMonthly Variable Life Insurance Rates for Female PolicyholdersMonthly Variable Life Insurance Rates for Male Policyholders
25 - 35$78 - $120$100 - $140
35 - 45$120 - $201$140 - $221
45 - 55$201 - $340$221 - $364
55 - 65$340 - $571$364 - $659
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Remember that this is just an industry average, however. Your age and gender are only two factors that companies like Manhattan Life Insurance Company use to determine your rates.

What coverages are available at Manhattan Life Insurance Company?

Manhattan offers a variety of insurance products. Term life insurance offerings can be as high as $250,000 while whole life insurance for up to $100,000 is available without underwriting. Fully underwritten policies can be for higher amounts, up to $3 million for whole life policies.

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Manhattan Life Insurance Review: Financial Strength and Credit Risk Ratings

Manhattan Life Insurance Company (ManhattanLife Assurance) has acquired an A.M. Best rating and a customer grade from the Better Business Bureau. Let’s go through both grades in the subsections below.

A.M. Best

The most reliable grade a company can get is through A.M. Best. However, companies must participate in A.M. Best ratings to receive a grade. The Manhattan Life Insurance Company received a “B+” from A.M. Best.

A “B+” with A.M. Best means the company has a stable financial outlook, and the company has a projected good ability to follow through to satisfy customers.

Better Business Bureau (BBB)

The BBB shows us how companies correspond to customers. Though The Manhattan Life Insurance company has an A+ rating from the BBB, it also has around a one-out-of-five star rating based on customer complaints. The company gets about 12 complaints a year on the BBB site, with 12 in the last twelve months and 39 in the past three years.

Many consumers use the BBB to verify whether a company is legitimate, but it’s essential to look at other reviews to ensure that you make the right decision when buying life insurance.

Manhattan Life Insurance Company: The Bottom Line

Manhattan Life Insurance company is one of the oldest and most stable life insurance providers in the country. Though it is not a large company, it has a track record of nearly two centuries of making sure policyholders are treated right.

For the best life insurance companies, you’ll need to shop around for the most affordable life insurance rates, and you may find that Manhattan Life Insurance Company is the best choice for you.

Ready to buy life insurance? Start shopping around for reliable life insurance by entering your ZIP code into the FREE comparison tool below.