Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

F&G Adds Universal Life Policy

Your article was successfully shared with the contacts you provided.

NU Online News Service, June 3, 11:15 a.m. – Fidelity & Guaranty Life Insurance Company, Baltimore, a unit of Old Mutual P.L.C., London, has introduced the WealthMaster Classic universal life insurance policy.

The policy comes with a no-lapse premium guarantee to age 100, Fidelity & Guaranty says.

When a customer buys the extended maturity feature, the entire death benefit will remain in force beyond age 100, as long as there is a minimum of $1 of cash value, the company says.

The policy also provides a surrender charge waiver feature; “no cost” loans after the 10th coverage year; 0.5 percentage points of additional interest in years 11 through 20; and 1% of additional interest each year after the 20th year.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.