NU Online News Service, Aug. 27, 12:15 p.m. – Lincoln Life & Annuity Company of New York, Syracuse, N.Y., has introduced a new series of term life insurance policies for sale in New York.
The convertible life policies come with guaranteed level premiums for terms of 10 years, 15 years or 20 years.
There are three rate categories for customers who buy $100,000 to $999,999 in coverage, and a fourth for customers who buy more than $1 million in coverage.
Policyholders can convert their policies to permanent policies at any time during the level-premium period, or to age 70.
Lincoln Life New York is a unit of Lincoln National Corp., Philadelphia.