Bankers Life and Casualty Company Launches New Simplified Issue Single Premium Whole Life Insurance Product
Thursday, January 6, 2011
Chicago (June 1, 2011) - Bankers Life
and Casualty Company today announced the latest addition to its
LifeDirections portfolio by adding a simplified issue version of
its Single Premium Whole Life insurance policy, the InnovativeLife
SP I.
The new InnovativeLife SP I product is ideal for Boomers and
retirees who want to substantially increase their legacy, leave
money to a charity or have the proceeds paid directly to the
beneficiaries.
The new product features a one-page application, single premiums
as low as $2,500, simplified issue with only two qualifying medical
questions, availability up to age 85, and in most states, an
accelerated death benefit rider at no additional cost.
"InnovativeLife SP I nicely complements Bankers' LifeDirections
portfolio while helping meet the retirement goals of the middle
market," said Scott Perry, president of Bankers Life and Casualty
Company, a national life and health insurer. "This new product
provides permanent life insurance protection that builds cash value
at a guaranteed interest rate, essentially increasing the value of
your estate."
The InnovativeLife SP I product is currently available through
Bankers' career agents in select 30 states: AZ, CO, CT, FL, GA, IA,
ID, IL, IN, KS, KY, LA, MA, ME, MI, MO, MS, NC, NE, NH, NJ, OH, OR,
PA, SC, TN, TX, VA, WA and WI. The remaining 20 states, including
the District of Columbia, are expected to offer the product later
this year.
About Bankers Life and Casualty Company
Established in 1879 in Chicago, Bankers Life and Casualty Company
focuses on the insurance needs of the retirement market. The
nationwide company, a subsidiary of CNO Financial Group, Inc.
(NYSE: CNO), offers a broad portfolio of life and health insurance
retirement products designed especially for seniors.Visit us online
at www.bankers.com.
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