Seeking to address consumers’ needs for guarantees in uncertain times and flexibility to deal with long term planning, insurance companies build policies that measure up to new demands. Pacific Life Insurance Co. tries to do just that with a new product.
Versa-Flex NLG1 is a single-life universal life product that provides a combination of no-lapse guarantees with flexible duration and cash-value accumulation potential in the early years of the policy. That accumulation potential, the company says, is to allow policyholders to respond to changes in their own plans and in the financial environment.