NU Online News Service, Feb. 11, 2:52 p.m. – U.S. units of AEGON N.V., The Hague, Netherlands, are introducing a new variable-universal life policy, the TransAccumulator VUL policy.
The policy offers a choice of 24 investment choices. Policyholders can make 18 free transfers between investment options each policy year.
One of the optional riders allows policyholders to continue the full death benefit past age 100.
AEGON is issuing the new policy through Transamerica Occidental Life Insurance Company, Cedar Rapids, Iowa, and marketing it through the Transamerica Insurance & Investment Group, Los Angeles.
Transamerica Occidental says it has the approvals it needs to sell the new VUL policy in 43 U.S. jurisdictions.