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Bankers Life and Casualty Company Launches New Simplified Issue Single
Premium Whole Life Insurance Product
Chicago (June 1, 2011) – Bankers Life and Casualty Company
today announced the latest addition to its LifeDirections portfolio by adding a
simplified issue version of its Single Premium Whole Life insurance policy, the
InnovativeLife SP I.
The new InnovativeLife SP I product is ideal for Boomers and retirees who want to
substantially increase their legacy, leave money to a charity or have the proceeds
paid directly to the beneficiaries.
The new product features a one-page application, single premiums as low as $2,500,
simplified issue with only two qualifying medical questions, availability up to
age 85, and in most states, an accelerated death benefit rider at no additional
cost.
"InnovativeLife SP I nicely complements Bankers' LifeDirections portfolio while
helping meet the retirement goals of the middle market," said Scott Perry, president
of Bankers Life and Casualty Company, a national life and health insurer. "This
new product provides permanent life insurance protection that builds cash value
at a guaranteed interest rate, essentially increasing the value of your estate."
The InnovativeLife SP I product is currently available through Bankers' career agents
in select 30 states: AZ, CO, CT, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI,
MO, MS, NC, NE, NH, NJ, OH, OR, PA, SC, TN, TX, VA, WA and WI. The remaining 20
states, including the District of Columbia, are expected to offer the product later
this year.
About Bankers Life and Casualty Company
Established in 1879 in Chicago, Bankers Life and Casualty Company focuses on the
insurance needs of the retirement market. The nationwide company, a subsidiary of
CNO Financial Group, Inc. (NYSE: CNO), offers a broad portfolio of life and health
insurance retirement products designed especially for seniors.Visit us online at
www.bankers.com.
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