NU Online News Service, Feb. 2, 2005, 4:26 p.m. EST
A Minneapolis life insurer is adding 2 life insurance policies with returns tied to the performance of the stock market.[@@]
The insurer, Allianz Life Insurance Company of North America, a unit of Allianz A.G., Munich, is rolling out a pair of equity-indexed universal life policies, the GenDex SP Life Insurance Policy and the GenDex II Life Insurance Policy.
The GenDex SP policy is a single-premium policy and the GenDex II policy is a conventional, “continuous premium” policy, Allianz Life says.