NU Online News Service, Aug. 24, 2004, 4:34 p.m. EDT
Massachusetts Mutual Life Insurance Company, Springfield, Mass., has updated its menu of universal life products.[@@]
The new products, Universal Life 2 Plus and Survivorship Universal Life Plus, offer 3 death benefit options and an option that lets policyholders apply interest earned on premiums to the death benefit.
Other features of the basic UL policy include an additional insured rider, a waiver of monthly charges rider and a waiver of specified premium rider.
Riders for the SUL policy include an accelerated death benefit rider, a substitute of insureds rider, an estate protection rider and a policy split option rider.