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July 17, 2009 at 08:00 PM
American General Life Companies is selling a universal life policy that guarantees the death benefit despite interest or policy value changes.
Called ContinUL Extend Plus, the policy allows the customer to select the face amount, duration of death benefit guarantee and length of time to pay premiums, says American General.
The coverage stays in force, regardless of fluctuations in interest rates or policy value, as long as sufficient premium is paid to guarantee the death benefit, the company says.
Other features:
