Wealth management

In Brief: Jefferson Pilot Adds to Exec Benefit List

Published August 16, 2005, 1:00 a.m. EDT

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Updated August 15, 2005, 4:05 p.m. EDT

1 Min Read

Jefferson Pilot Financial announced the introduction Monday of two universal life products to provide very high early cash values and funding for executive benefits.

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Other features of the JPF Legend EXEC and JPF Legend EXEC NY products include competitive retirement income payouts, no surrender charges, and zero-spread loans beginning in policy year 11.

Sales applications include key person life insurance, unrestricted Section 162 executive bonus plans, supplemental executive retirement plans, nonqualified deferred compensation plans, and split dollar, the company said. The products also fit in the current simplified issue and guaranteed issue underwriting program, as well as in the proprietary LifeComp program, Jefferson Pilot said.

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