Conseco enters variable life market. (Marketplace Life/Health).Conseco Inc., Indianapolis, has introduced Conseco Variable Universal Life, issued by the Conseco Variable Insurance Co. The product offers 57 investment options, three death-benefit options, dollar-cost averaging dollar-cost averaging Investment of a fixed amount of money at regular intervals, usually each month. This process results in the purchase of extra shares during market downturns and fewer shares during market upturns. and asset-allocation rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting , zero net-spread loans, decreasing mortality and expense charges that disappear after year 20 and a rapid-issue program. Among 12 optional riders are a no-lapse guarantee, unemployment waiver of premium Waiver of premium A provision in an insurance policy that allows payment of insurance premiums to be permanently or temporarily stopped in the event the policyholder becomes incapacitated. and reduced protection. Conseco has entered into a strategic alliance with Intervest International Equities Corp., a national independent broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal , for retail and wholesale distribution. Independent marketing organization sales professionals from both Intervest and Conseco participated in the rollout. |
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