NU Online News Service, April 21, 2003, 1:31 p.m. EDT – Bankers Life of New York, Woodbury, N.Y., has introduced what it believes to be the first equity-indexed universal life insurance program in New York state.
Returns on program policies are tied to the performance of major stock indices. In most cases, annual returns will range from a guaranteed minimum interest rate to a maximum of 11%, the company says.
Bankers Life is a unit of the Amerus Group Company, Des Moines, Iowa.
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