Close Close

Life Health > Life Insurance

Bankers Life Introduces Indexed UL Product

Your article was successfully shared with the contacts you provided.

Bankers Life and Casualty Company has launched the ClearVantage IUL life insurance policy.

Bankers Life, Chicago, a unit of Conseco Inc., Carmel, Ind., says the new product replaces a fixed interest universal life product and an indexed universal life product.

The minimum death benefit is $25,000.

Purchasers can allocate premiums to a fixed interest rate account, and indexed account, or a combination of both types of accounts, Bankers Life says.

As long as the holder pays the minimum payments, the policy will stay in force for at least 15 years, or up till age 95, whichever comes first, Bankers Life says.

The ClearVantage IUL policy also offers a new Preferred Plus Non-Tobacco rating class.

The menu of optional riders includes an accidental death benefit rider, a children’s term insurance rider, a disability income rider, and an unemployment waiver-of-cost rider.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.