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Conseco UL Product Debuts

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A unit of Conseco Inc. is offering a new indexed universal life insurance policy.

The product, ConsecoLifeOptions, offers a guaranteed minimum index credit of 1%, according to Conseco, Carmel, Ind.

The policy comes with a choice of 8 riders, including a rider that offers a nursing care confinement waiver of surrender charges. Clients confined to a nursing care center for at least 30 days by a doctor’s order can withdraw up to 25% of the policy’s accumulated value without paying a surrender charge, Conseco says.

The policy also offers 4 crediting options, including 2 annual point-to-point options, a 12-month averaging option and a fixed rate option, Conseco says.