NU Online News Service, Feb. 18, 6:23 p.m. – General American Life Insurance Company, a unit of GenAmerica Financial Corp., St. Louis, is expanding eligibility rules for its 2001 Executive Benefit Variable Universal Life policy.
The new rules allow financial advisors to use the EBVUL 2001 policy for any business-sponsored case, GenAmerica says.
Financial advisors must still get pre-approval for cases in which the policy owner is the employee, not the employer, and when early cash value is not critical to the case or when the annual premium is less than $100,000, GenAmerica says.
Features include a lack of surrender charges, availability of an elite risk class, enhanced early cash values and extensive case support, GenAmerica says.
GenAmerica is an affiliate of MetLife Inc., New York.