Life Insurance Quotes

Life insurance company announces availability of new policy

10/04/11

Symetra Life Insurance recently announced the availability of a new universal life insurance policy that offers new cash value.

The Symetra Classic Universal Life Insurance policy offers consumers the ability to accumulate cash value with flexible premium payments and more options for accessability.

“Our new universal life product is the first in a planned series of life insurance offerings that will position Symetra as a more serious contender in the life marketplace,” said Jon Curley, executive vice president of Symetra’s Life Division. “With Symetra Classic, we’ve built a competitive UL product that offers tax-deferred growth and easy access to the policy’s accumulated cash value.”

A subsidiary of Symetra Financial Corporation, Symetra provides annuities and life insurance coverage from its home base in Bellevue, Washington.

According to a recent report from Mintel Comperemedia, life insurance companies are lagging in their attempts to market toward a younger generation of potential policyholders. Only 15 percent of the direct mail volume for life coverage was seen by consumers age 18 to 45 for the first six months of the year compared to 85 percent of those in the 46 and older bracket.

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