ConsecoLifeOptions Launched by Conseco Insurance Company as New Universal Life Product
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
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