NU Online News Service, Sept. 26, 12:15 p.m. – First Penn-Pacific Life Insurance Company, Schaumburg, Ill., a subsidiary of Lincoln National Corp., has introduced two new term life insurance products, the STO 20 and STO 30.
The company is guaranteeing level premiums for both products for 10 years.
The products replace other First Penn products, the company says.
The maximum issue age has been increased to 75 for the STO 20 and age 65 for the STO 30.
The products are not available in New York.