Insurance firm Ameritas has announced revisions to its whole life insurance products in a bid to meet client requirements.
The revised offerings are Ameritas Access Whole Life, Ameritas Growth Whole Life, Ameritas Growth 10-Pay Whole life and Ameritas Value Plus Whole Life.
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The company stated that it has repriced the offerings to address the lower guaranteed contract rate and leverage a range of contract rates to achieve different goals for each offering.
Ameritas Access Whole Life is designed to ensure strong early guaranteed cash value performance, while Ameritas Growth Whole Life is aimed at clients aiming for long-term accumulation.
Ameritas Growth 10-Pay Whole Life will offer long-term current cash value accumulation with a 10-year short pay.
Ameritas Value Plus Whole Life will focus on low-cost death benefits.
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By GlobalDataThese policies became effective from 1 January and they offer additional features such as a non-direct recognition for dividends when using a variable loan.
Ameritas individual product development vice-president Craig Schommer said: “We are excited about the repricing of the Ameritas whole life products, as the entire portfolio has been updated to include enhanced and consistent features.
“The purpose and performance of each product have been positioned to complement one another. Whether you’re looking for early access to guaranteed cash value, long-term cash value accumulation or low cost guaranteed death benefit protection, Ameritas has strong options.”
