NU Online News Service, Sept. 18, 11:45 a.m. – GE Financial, Richmond, has introduced the GE Accumulator NY variable-universal life insurance policy.
The new policy, available only in New York, is written by GE Capital Life Assurance Company of New York, New York.
Features include a tiered mortality and expense structure based on account value; single and joint life coverage options; and more than 40 investment subaccount options.
One of the subaccount options is an account that provides a guaranteed rate of return.
GE Financial is a unit of the General Electric Capital Corp.