NU Online News Service, Aug. 2, 1:23 p.m. – The Phoenix Companies Inc., Hartford, has introduced two new variable-universal life insurance policies.
One is the Phoenix Edge-VUL, a policy that insures one insured, and the second is the Phoenix Edge-SVUL, a “survivorship plan” that insures two people and pays off after the death of the second insured.
Both policies offer a life insurance death benefit, a flexible payment schedule, and the opportunity to invest assets in 45 fixed and variable funds. The guaranteed interest accounts in the policies pay a minimum annual interest rate of 3%.