NU Online News Service, Sept. 25, 2003, 1:55 p.m. EDT – MONY Life Insurance Company, New York, has introduced the Corporate Strategies Group Variable Universal Life policy, a product designed for brokers who sell corporate-owned life insurance and bank-owned life insurance.
MONY Life, a unit of The MONY Group Inc., New York, will issue the policy on a guaranteed issue basis to age 70. Policy features include portfolio rebalancing, dollar cost averaging and optional flexible term and enhanced cash value riders.
The policy offers 56 investment options. Fifteen of the funds come from the Vanguard Variable Insurance Fund family, MONY Life says.