American General Life Cos. says its new universal life insurance product, ContinUL, offers “affordable” death benefit coverage with secondary guarantees and flexible features allowing customization.
ContinUL offers competitive new pricing and enables policyholders to select the amount of coverage needed, the duration of the policy’s death benefit coverage guarantee, and the length of time to pay premiums based on individual needs, according to the company.
“This product represents American General’s return to the low-cost guaranteed universal life market,” said David O’Leary, executive vice president and chief operating officer for American General, in a statement. “Customers will have the comfort of knowing the specific premium needed to guarantee the death benefit, eliminating concerns about changes in interest rates or other factors impacting the policy’s cash value.”
ContinUL also offers a flexible premium payment window, as well as riders allowing coverage enhancements for the policyholder and family members.
The new product is issued by Houston-based American General Life Insurance Co. and The United States Life Insurance Co. in New York.
American General launches new universal life product via IFAwebnews.com .
No related posts.
Image may be NSFW.Clik here to view.
