CARMEL, Ind., Aug. 29 Conseco Insurance Company, a lifeand health insurance company, today announced the availability of its new,indexed universal life insurance product, ConsecoLifeOptions. The policyprovides upside potential with downside protection.
ConsecoLifeOptions is an indexed universal life policy that offers theopportunity for long-term cash buildup with a guaranteed minimum index creditof 1%. Clients can customize their coverage levels with eight riders thatprovide additional protection for themselves, children and/or a spouse, suchas the Nursing Care Confinement Waiver of Surrender Charges Rider which allowsclients to withdraw up to 25% of the policy's total accumulation value withoutpaying a surrender charge when confined to a qualified nursing care center forat least 30 days by a physician's order.
ConsecoLifeOptions has four crediting options for clients to choose howtheir policy builds value, including two annual point-to-point options, a12-month averaging option and a fixed rate option. Clients will always receiveat least the minimum index credit of 1%, regardless of market performance.
Partial withdrawals or loans can be made from a ConsecoLifeOptions policyyearly beginning in the second policy year (subject to policy provisions), andclients have the flexibility to change their policy as needed.
"ConsecoLifeOptions offers our agents a flexible indexed universal lifeproduct with a first-year commission paid on rolling target premiums throughthe second year," said Steven M. Stecher, President of Conseco InsuranceGroup. "The combination of long-term cash accumulation, the minimum 1% indexcredit and the optional riders makes it a compelling product in today'scompetitive marketplace."
The Conseco insurance companies serve more than 4 million customers acrossAmerica. Conseco's cancer, heart/stroke, accident and Medicare supplementpolicies protect people against major unplanned expenses; Conseco's annuitiesand life insurance products help people plan for their financial futures.
SOURCE Conseco Insurance Company