NU Online News Service, Aug. 20, 12:35 p.m. – CNA Life, Nashville, Tenn., the life insurance unit of the CNA Companies, today introduced a new term life insurance product, CNA Maximizer Select.
The product offers the basic coverage of term life insurance with the option of adding rider coverage for such benefits as return of premium, disability income and critical illness/income replacement, CNA Life says.
The policies, available for 15-, 20- and 30-year terms, are based on the traditional term model of a level benefit payable upon the insured’s death.
Clients can buy coverage in amounts starting at $150,000 and then add from a selection of 10 optional riders. Other rider options include accidental death benefit, income replacement, waiver of premium and children’s insurance, the company says.