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Old Mutual Adds UL Product With 4 No-Lapse Options

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An insurer is introducing a universal life insurance policy.

Old Mutual Financial Network, Atlanta, a unit of Old Mutual P.L.C., London, has started selling the Value Master Universal Life policy.

The product, issued through Old Mutual’s OM Financial Life Insurance Company unit, offers a choice of 4 no-lapse guarantees and a “catch-up provision” for holders who have put off making payments, Old Mutual says.