Printer Friendly

ALEXANDER HAMILTON LIFE INSURANCE INTRODUCES MULTIPLE COVERAGE FIRST-TO-DIE

 FARMINGTON HILLS, Mich., Nov. 30 ~PRNewswire~ -- Alexander Hamilton Life has become one of the first companies in the industry to offer a multiple-coverage first-to-die universal life policy. Called Irresistible MultiLife, the policy covers from two to nine lives and pays a death benefit at the first death. Because only one contract and death benefit covers several insureds, customers can expect to save money on premiums. Individuals and businesses could realize savings of up to 35 percent compared to the cost of individual policies.
 For individuals, the policy is designed to pay final expenses, repay debts, pay off a mortgage, and maintain a lifestyle after the death of a spouse. The policy is also intended for personal security needs like helping to fund education expenses, provide retirement income and maximize pensions.
 For business customers, the policy can be used for funding buy~sell agreements to ensure the continuation of a business after the death of an owner or major shareholder. The policy can also be used as cost- effective key-employee insurance.
 The policy has no expense loads or administrative charges, and has a guaranteed interest rate of 4 percent. In addition, Hamilton's exclusive Twindex guarantee, which links interest earnings to Treasury Bill and Treasury Bond issue rates, may result in an even higher guaranteed interest rate. Guaranteed bonus interest is paid in later policy years.
 The policy provides all the flexibility of universal life, including adjustable premiums and death benefits. Four death-benefit options provide further customization alternatives. The policyowner may add or delete insured. A second death benefit will be paid if two insured die within 60 days of each other. The policy may be split into individual policies for any reason without providing proof of insurability.
 Through the use of a rider, after the fist death, coverage on the remaining insured can be continued or even increased without further underwriting. Other optional riders provide additional flexibility.
 For complete information on Irresistible MultiLife, or any other insurance policy offered by Alexander Hamilton Life, call Ric Rentfro at 800-521-4397.
 -0- 11~30~92
 ~CONTACT: Ric Rentfro of Alexander Hamilton Life Insurance Company, 313-553-2000~


CO: Alexander Hamilton Life Insurance Company ST: Michigan IN: INS SU: PDT

DH -- DE005 -- 4089 11~30~92 10:46 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 30, 1992
Words:372
Previous Article:FANNIE MAE ADDS 10 MINORITY- AND WOMEN-OWNED SECURITIES FIRMS TO DEBT SELLING GROUP TO INCREASE THEIR PARTICIPATION IN MARKET
Next Article:KERR-MCGEE VANADIUM PLANT EARNS QUALITY AWARD
Topics:


Related Articles
ALEXANDER HAMILTON LIFE INSURANCE COMPANY INTRODUCES NEW UNIVERSAL LIFE INSURANCE POLICY
ALEXANDER HAMILTON LIFE INSURANCE COMPANY ANNOUNCES REVISIONS TO PREMIUM
ALEXANDER HAMILTON LIFE INTRODUCES COMPETITIVE NEW TERM PRODUCTS
NEW PRESIDENT/CEO AT ALEXANDER HAMILTON LIFE
D&P RATES ALEXANDER HAMILTON LIFE INSURANCE COMPANY OF AMERICA AND FIRST ALEXANDER HAMILTON LIFE INSURANCE COMPANY CLAIMS PAYING ABILITY
DCR: ALEXANDER HAMILTON LIFE INSURANCE COMPANY OF AMERICA, FIRST ALEXANDER HAMILTON LIFE INSURANCE COMPANY CLAIMS PAYING ABILITY RATINGS PLACED ON...
JEFFERSON-PILOT COMPLETES PURCHASE OF ALEXANDER HAMILTON LIFE
DCR: ALEXANDER HAMILTON LIFE INSURANCE COMPANY OF AMERICA CLAIMS PAYING ABILITY RATING UPGRADED TO 'AAA' REMOVED FROM RATING WATCH - UNCERTAIN
DCR Reaffirms Jefferson Pilot Financial Ratings
First Penn-Pacific Adds Refund Option.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters