|Copyright:||Copyright Business Wire 2010|
|Source:||Business Wire, Inc.|
Monarch program is a success and boomers are buying optional rider to protect themselves against the cost of chronic illness in retirement
The company launched a nationwide program in the first quarter of the year to sign up top-performing independent agents (which it calls Monarchs) to sell its permanent life insurance policies. According to
Baby boomers looking for a new, cost-effective way to cover the cost of chronic illness in retirement are behind demand for permanent life insurance policies sold with the company’s optional LifeAccess Accelerated Benefit Rider. Sales increased 12 percent in the quarter and 66 percent in the past year. Unlike traditional long-term care insurance, the rider pays for the condition, not for the care of the condition. Dr.
Results for the corporation as a whole were also very good.
Celebrating 200 years of helping its customers achieve what’s ahead, The
Over 750,000 Americans currently trust their life insurance needs to The
Life insurance policies contain fees and expenses, including the cost of insurance, administrative fees, premium loads, surrender charges and other charges or fees that will impact policy values.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2009 Annual Report on Form 10-K and the other filings we make with the
HIG – WLIF –102859 11/10