Wednesday, 20 March 2019
BREAKING NEWS

National Life Launches New Flexible Whole Life Product – Associated Press

This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

MONTPELIER, Vt.–(BUSINESS WIRE)–Mar 4, 2019–National Life Group announced today the introduction of TotalSecure, a new, flexible whole life insurance product that offers more living benefit options than any other life insurer. TotalSecure is issued by National Life’s carriers, National Life Insurance Company and Life Insurance Company of the Southwest.

“While whole life insurance has traditionally been viewed as a rigid and constraining product, TotalSecure provides permanent life insurance protection and the strong guarantees associated with whole life within a flexible and innovative new product structure,” 1 said Mehran Assadi, National Life’s Chairman, CEO and President.

In addition to the new product design, TotalSecure also features living benefits riders that allow customers to access their policy in the event of a qualifying critical illness or injury, terminal or chronic illness. 2

“National Life has a long history of providing living benefits and we’re proud to give our customers even more flexibility with TotalSecure,” said Assadi. “Total Secure has a suite of living benefit riders that aren’t available from any other life insurance company.” National Life Group offers more living benefit rider options than any other U.S.-based life insurance carrier.

National Life’s nationwide team of financial professionals is available to discuss TotalSecure and a full array of products.

National Life is here to bring you peace of mind. We’ve been keeping our promises since 1848. Believe in tomorrow, do good today. Learn more at NationalLife.com.

National Life Group® is a trade name of National Life Insurance Company, founded in Montpelier, Vt., in 1848, Life Insurance Company of the Southwest, Addison, Texas, chartered in 1955, and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.

TotalSecure NL, form series 20536(0918)/ICC18-20536(0918), and Accelerated Benefits Riders, form series 7490/7493/9744/ICC10-8843/2006NY(0511)/20285/ICC15-20285/20286/ICC15-20286/8765 are underwritten by National Life Insurance Company, Montpelier, Vermont.

This marketing is not approved for use in CA or NY.

TotalSecure, form series 20537(0918)/ICC18-20537(0918), and Accelerated Benefits Riders, form series 8052/8095/8165/ICC10-8844/ICC15-20287(0115)/ICC15-20288(0115)/20287/20288 are underwritten by Life Insurance Company of the Southwest, Addison, TX.

1 Permanent life insurance refers to life insurance products that provide the potential to accumulate cash value. Guarantees are dependent upon the claims-paying ability of the issuing company.
2 Living benefits are provided by no-additional premium accelerated benefit riders. Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.

Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all state or on all products.

TC106560(0219)1

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304005909/en/

Ross Sneyd, corporate communications, National Life Group, 802.229.3866.

KEYWORD: UNITED STATES NORTH AMERICA VERMONT

INDUSTRY KEYWORD: SENIORS WOMEN PROFESSIONAL SERVICES ACCOUNTING CONSULTING FINANCE INSURANCE CONSUMER FAMILY MEN

SOURCE: National Life Group

Copyright Business Wire 2019.

PUB: 03/04/2019 02:43 PM/DISC: 03/04/2019 02:43 PM

http://www.businesswire.com/news/home/20190304005909/en

Source: https://www.apnews.com/Business%20Wire/037847491e064c5a9435391e6484909a

« »