Essex Corp. has revised a life insurance policy that it markets through banks.

The policy, Protect 10, is underwritten by CNA Cos. and now has only term-life benefits. Previously, it offered a combination of accidental death and term-life insurance. The revamped policy was rolled out last month.

First of America Bank Corp., Kalamazoo, Mich; U.S. Bancorp, Portland, Ore.; Great Western Financial Corp., Chatsworth, Calif.; and Fleet Financial Corp., Boston, have signed on over the last three months to sell the policy to branch customers.

New York-based Essex has also raised the policy's premium.

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