A financial services giant has developed a new term life insurance program.
Bank of America Corp., Charlotte, N.C., says its Banc of America Insurance Services affiliate will be using the Web to sell simplified term life insurance underwritten by First Great-West Life & Annuity Insurance Company Inc., White Plains, N.Y.
First Great-West is a unit of Great-West Life & Annuity Insurance Company, Greenwood Village, Colo., which is, in turn, an affiliate of Power Corp. of Canada, Montreal.