John Hancock Adds Variable Universal Life Product: Life Moves

USAA Life — an arm of USAA of San Antonio — is marketing the product as a form of final expense coverage.

A final expense product helps a family cope with the cost of funerals, burials, cremations and other end-of-life costs.

The policy is available to people ages 45 through 85 in most states, with death benefits ranging from $2,000 to $25,000.

Mutual of Omaha manages risk by reducing death benefits to 120% of the premiums paid for deaths resulting from natural causes during the first two years of the policy contract.

The Ensight life insurance, annuity and long-term care insurance marketplace has added the F&G Pathsetter indexed universal life insurance policy to its menu. The product is available to many applicants, up to age 50, and for up to $1 million in coverage, without a medical exam. Policy provisions can provide accelerated death benefits for people facing critical, terminal or serious chronic illnesses.

Confie — a Huntington Beach, California-based auto insurance distributor — is working with iBindQ and an iBindQ affiliate, Back Nine, to expand the number of life insurance policies it offers and to add the ability to bind coverage online.

Haven Life is working with the Happiest Baby baby gear website to market term life insurance online. Happiest Baby site visitors will be able to apply for Haven Life term policies that are written by Haven Life’s parent, Massachusetts Mutual Life Insurance Company.

 (Photo: Shutterstock) 

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