VantisLife Insurance Company has introduced a single-premium whole life insurance policy aimed at bank customers.[@@]
VantisLife says its new EstateWise and DollarWise products take full advantage of estate transfer amounts and allow insurance agents to quote and submit the application via the Internet. Applications will often be approved within seconds after submission, the company says.
EstateWise provides modest cash accumulation, while DollarWise provides a faster rate of accumulation, the company says.
Both products are appropriate for someone who is sure they will pass the money to beneficiaries and who may want access to their cash values during the term of the contract, VantisLife says.