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.