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Article: Phoenix Launches First Standalone Dual Coverage Universal Life Policy That Pays Benefit on the First Death.
- Article from:
- Investment Weekly News
- Article date:
- September 5, 2009
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The Phoenix Companies, Inc. (NYSE: PNX) today introduced Phoenix Joint Advantage Universal Life (UL), a first-to-die universal life insurance product for two lives that features flexible premiums and cash accumulation, giving customers vital insurance protection and the opportunity to grow their cash values.
Phoenix Joint Advantage UL, the first of its kind, is designed to appeal to couples or small business partners who are concerned about cash flow or liquidity on the first death. For businesses, its primary use is protecting each partner's interest for buyout purposes.
This policy covers two lives under one policy and one premium payment. It pays a ...