Genworth has launched its second index universal life (UL) insurance offering, Foundation Builder Index UL, which offers a flexible and affordable death benefit protection.
The new product provides death benefit protection with a no-lapse guarantee of up to 30 years, along with an opportunity to build cash value for future financial flexibility.
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In addition, Foundation Builder Index UL offers five index interest crediting strategies linked to the percentage change in the S&P 500 Index; and an optional Accelerated Benefit Rider for Long Term Care Services.
The rider includes at-home coverage with no waiting period, in addition to coverage for informal caregivers.
Genworth Distribution senior vice president Anthony Vossenberg said, "We designed this product and rider specifically for consumers who want affordable, long-term death benefit protection, upside growth potential without downside risk, and coverage for long term care expenses."
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