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Life insurance agents offer new product

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The Phoenix Companies recently announced a new distribution agreement with the National Agents Alliance that will add to the company's life insurance offerings.

Under the agreement, NAA agents will be able to offer the redesigned Phoenix Simplicity Index Life Insurance product to their clients. A simplified-issue, indexed universal life insurance product, the IUL from Phoenix Simplicity providers universal protection with the ability to build cash value.

"We have been working with National Agents Alliance for the past year developing this working relationship as well as redesigning the Phoenix Simplicity Index Life product," said Biff Baker, national sales manager of life independent for Saybrus Partners, Phoenix's distribution subsidiary. "NAA has shown both commitment and excitement in relaunching the Phoenix Simplicity Index Life product to the marketplace."

When it comes to life insurance, consumers are encouraged to shop around by comparing life insurance quotes online. But for those who are interested in funding events that will happen in their lifetime and not after it, an annuity may be the best route. Before investing in an annuity, one is strongly encouraged to first consult a licensed financial professional.

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