Podcast Center
Video Center
Webcasts
Resource Center
Events
September 16, 2008 at 11:45 AM
Legacy Funding Group Inc. says its new “Deferred-Benefit Life” policy will be an insurance product that will protect beneficiaries against the risk that an insured will live longer than expected.
Legacy, Malvern, Pa., says it will get the coverage for the product from highly rated life insurers.
Rather than compensating beneficiaries for the premature death of an insured, the DBL policy will compensate beneficiaries for financial losses resulting from “the post-mature death of a senior insured that has lived significantly beyond their normal life expectancy.”
All consumers ages 65 and older will be eligible for the coverage.
