A Northwestern carrier is rolling out two new life insurance policies.
Symetra Life Insurance Company, a unit of Symetra Financial Corp., Bellevue, Wash., is selling the Symetra Mortgage Protector and the Symetra Protector Term Life insurance policies.
The policies, part of a new Protector Series of products, can provide guaranteed level premiums for a term of 15, 20 or 30 years.
The mortgage policy, available to clients who have taken out a new mortgage or refinanced an existing mortgage within the past 5 years, is sold through a simplified issue application process that does not require a medical exam.
The Protector Term Life policy is fully underwritten.
All policies include a common carrier accidental death benefit and an accelerated death benefit feature.
A return-of-premium option is available for an additional charge.
Symetra Life is responsible for backing the product guarantees.