Illinois Mutual, Peoria, Ill, has introduced a new Term and Return of Premium Term life insurance portfolio designed to offer affordable and innovative protection solutions for consumers across the financial spectrum.
The Company's new Term Life plans include new rate classes with an expanded banding structure which has created a more competitively priced term portfolio. These product enhancements provide a significant rate reduction for many consumers – in some cases, almost 40%. Furthermore, Illinois Mutual's Return of Premium Term product is now available as a stand-alone protection plan. This product provides consumers with a 100% return of base premiums at the end of their term period if the policy is still in force. Based on the client's financial objectives, they can choose from a 15, 20 or 30-year plan.
