A New Life Insurance Policy from The Phoenix Cos. Inc covers two lives under one policy, which is providing a death benefit for a spouse or business partner.
The Conn based insurer today released the first to die universal life insurance policy, which would provide joint coverage and payment on the death of insured person. With the release of Phoenix Joint Advantage Universal Life, the insurer targets couples who will need the cash upon the death for small business who would need the money to cover each other interest.
The Conn based insurer today released the first to die universal life insurance policy, which would provide joint coverage and payment on the death of insured person. With the release of Phoenix Joint Advantage Universal Life, the insurer targets couples who will need the cash upon the death for small business who would need the money to cover each other interest.
For one payment one needs a single policy which would provide joint coverage for 2 lives. This would provide death benefits if any of the main individual dies. The clients will pay with flexible premiums and then the policyholders would decide what coverage one would have for each insured person.
The clients can pay flexible premiums and policyholders can decide what the coverage level would be given to an insured person. The clients can add a survivor program option so that the surviving insurance person can buy out the new policy without undergoing medical exams for insurability.
A policy exchange program would allow clients to switch over to their policy or two for their individual life insurance contracts without taking tests for insurability with an over loan protection rider which would keep a policy from lapsing the event in an amount which a customer would borrow will lead to the cash value increment in the policy.
All this features are available at no additional cost.
The clients can pay flexible premiums and policyholders can decide what the coverage level would be given to an insured person. The clients can add a survivor program option so that the surviving insurance person can buy out the new policy without undergoing medical exams for insurability.
A policy exchange program would allow clients to switch over to their policy or two for their individual life insurance contracts without taking tests for insurability with an over loan protection rider which would keep a policy from lapsing the event in an amount which a customer would borrow will lead to the cash value increment in the policy.
All this features are available at no additional cost.
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