U.S. Bancorp is offering term life insurance over the Internet through Great West Life and Annuity Insurance Co.

The Minneapolis-based banking company said Wednesday that customers can get instant approval at www.usbank.com for the Great West policy. U.S. Bancorp is one of the few banking companies that offers term life on-line. Huntington Bankshares of Columbus, Ohio, has a similar arrangement with Great West, a $25 billion-asset company based in Englewood, Colo.

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