Phoenix Cos. Inc. of Hartford, Conn., has a new flexible premium universal life insurance policy, Phoenix Indexed UL.
Processing Content
The policy, announced Tuesday, gives customers the opportunity to build their cash values in line with a rising stock market while protecting assets with guaranteed minimum returns if the market drops. It targets individuals who need maximum flexibility in insurance premiums, coverage options, and access to cash value through policy loans or withdrawals.
Phoenix had 2006 revenue of $2.6 billion and ended the year with assets of $29 billion.
