Fidelity and Guaranty Life Insurance Company has introduced a life insurance policy aimed at consumers who want some ability to participate in stock market gains.[@@]

The new product, the HeritageMaster policy, is a single-premium, equity-indexed universal life insurance policy that comes with a guaranteed death benefit, according to Fidelity & Guaranty, Baltimore, which does business as the Old Mutual Financial Network.

The policy comes with both equity-indexed investment options and fixed-interest investment options.

Both life and annuity producers can sell the policy, and it is suitable for charitable giving as well as for wealth transfers and inheritance equalization.