NU Online News Service, Jan. 20, 2005, 3:25 p.m. EST
A Carmel, Ind., company is offering one new life product with a guaranteed interest rate and a second product with a return tied to the performance of either stocks or fixed-income securities.[@@]
The company, Conseco Inc., says its Conseco Insurance Company unit has started marketing the AssetBuilder and AssetBuilder Plus universal life products.
The AssetBuilder product is aimed at consumers who want to build up cash over many years. The second product offers an annual interest rate guarantee of 2%.