NU Online News Service, July 19, 2004, 6:44 p.m. EDT
Genworth Financial Inc., Lynchburg, Va., has introduced Lifetime Protector 50+, a universal life product aimed at older consumers who want lifetime guarantee premiums and flexible “catch up” options.[@@]
Features include a 9-year surrender charge period and a provision that eliminates cost-of-insurance charges and expense charges for insureds who reach age 100.
Genworth is writing the policy through its First Colony Life Insurance Company and General Electric Capital Assurance Companies units.