Phoenix Companies Inc. has introduced an optional benefit that could pay some term life customers a large cash benefit when the term ends.[@@]
Phoenix, Hartford, will be marketing the new Phoenix Return of Premium Option rider to purchasers of Phoenix Protector Term policies with 10-year, 20-year or 30-year terms.
Beneficiaries of rider purchasers will get the normal death benefit if the purchasers die while coverage is still in effect.