Life Insurance & Pensions ALL IBR | Life Insurance & Pensions Life Insurance & Pensions Home |News |White Papers |Suppliers |Companies Return to: IBR Home | Life Insurance & Pensions Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News Genworth rolls out first Index Universal life insurance policy IBR Staff Writer Published 04 June 2013
Genworth Financial has debuted its first Index Universal Life (IUL) insurance product, which integrates a death benefit with tax-deferred cash accumulation and an optional Accelerated Benefit Rider for Long Term Care Services.
With a flexible design to meet multiple needs, the new policy also fulfils the customers' wish for more growth potential which is presently available with traditional fixed life insurance products.
The product offers higher policy value growth by connecting the crediting strategy with the S&P 500 Index and further guards market downturn, claims the insurance firm.
In the later part of life, if the policy provides sufficient cash values, policyholders can withdraw the same and policy loans to supplement their income.
Genworth US life insurance division executive vice president and leader Patrick Kelleher said that the customers are looking for solid alternatives with limited risk, as low-interest rates has endangered the performance expected from traditional fixed life insurance products.
"Genworth's Asset Builder Index UL provides all of this and more, including benefits that policyowners can use during their lifetimes," Kelleher added.
The company has also come up with the Index Institute, which assists financial professionals to fulfil this soaring demand and ensure that they have the information and tools to help educate their clients about index products.
Genworth Financial manages three divisions, including US Life Insurance, Global Mortgage Insurance and the Corporate and Other division, and employs a work force of 5,850 staff.
\ABS\Auto Blog Samurai\data\life insurance\nasim\delicious.gif)
Latest News ORIX to acquire 25.7% stake in MEDGULF Life Insurance & Pensions > News Generali to sell 49% stakes in Mexican insurance businesses to Banorte Life Insurance & Pensions > News Foresters deploys MajescoMastek’s systems Life Insurance & Pensions > News Sanlam mulls to acquire Zurich’s 40% stake in MCIS Life Insurance & Pensions > News Berkshire Hathaway may acquire Unipol insurance assets Life Insurance & Pensions > News Related News Related SectorsLife Insurance & Pensions
Related Dates
2013> June
Related Industries
Financial Services> Insurance> Life Insurance
Comments Post a comment
Comments may be moderated for spam, obscenities or defamation.
Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News Related Insight Suppliers Directory Spotlight Suppliers By Sector A-Z
General Insurance Commercial Lines Personal Lines Claims Insurer
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk # ABCDEFGHIJKLMNOPQRSTUVWXYZ
Life Insurance & Pensions Intelligence Latest White Papers Latest Research Buy the latest industry research online today! China Bank & Insurance Directory 2013
API research into China's Banks and Finance Companies Buy online from $300
Sign up for the latest IBR news and features as well as other industry newsletters.
IBR Website Usage About us Accessibility Advertise with us Contact us Help Privacy RSS feeds Site map Dining Club Browse By Sector Browse By Network Business Review Sites General Insurance IntermediariesTechnology Brokerage Claims Commercial Line Insurer Life Insurance and Pensions Londonlloyds Outsourcing Personal Lines Regulatory and Risk Reinsurance Technology in Insurance Underwriting
Auto Banking Clean Technology Drinks Energy Food Insurance Logistics Medical Devices Packaging Pharmaceutical Retail Technology Webinars © IBR 2010. Part of Progressive Digital Media Group Plc
No comments:
Post a Comment