CNA Life Introduces Preferred Plus Upgrade Program; Offering Better Rates for Best Class.Business Editors NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 21, 2001 CNA (Certified NetWare Administrator) See Novell certification. Life, the life insurance business unit of the CNA companies, recently announced a new premium upgrade program for its best rate class for non-tobacco users. CNA's preferred plus upgrade, where available, offers buyers some of the best rates in the industry. This program, available on most CNA 15-, 20- and 30- year term products with face amounts of $500,000 or more, automatically prices the policy rates at one rate class better - even for our current best rate class. This is an enhancement to CNA's already successful class upgrade program and is available from January 1, 2002 through March 31, 2002. "The new Preferred Plus Upgrade rates move our top rate class on CNA term policies into a highly competitive position - in virtually every instance offering the best rate to be found," says Bob Miller, Vice President, CNA Life Marketing. "Policyowners get a premium upgrade and the bonus of paying one of the lowest rates in the industry." This program will still follow CNA's usual underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. guidelines; only the premium will be upgraded. The program, announced on December 17, 2001, will apply to policies issued after January 1, 2002. All eligible applications will be issued with the premium upgrade. To find out more about CNA term offerings, visit www.cnalife.com. CNA is a leading insurance organization offering a broad range of insurance products and insurance-related services in the property/casualty, life, group and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. markets. CNA term life insurance available for the upgrade program is underwritten by Valley Forge Valley Forge, on the Schuylkill River, SE Pa., NW of Philadelphia. There, during the American Revolution, the main camp of the Continental Army was established (Dec., 1777–June, 1778) under the command of Gen. George Washington. Life Insurance Company, a CNA company. CNA and CNA Life are registered service marks, trade names and domain names of CNA Financial CNA Financial Corporation (NYSE: CNA) is a financial corporation based in Chicago, Illinois, United States, and noted for its 600 foot tall red headquarters building there. Its principal subsidiary, Continental Casualty Company (CCC) was founded in 1897. Corporation (NYSE NYSE See: New York Stock Exchange :CNA). |
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