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United States : PHOENIX COMPANIES adds term life insurance to CALL CENTER DISTRIBUTION.

The term life insurance has been added by the Phoenix Companies Inc. to its product offerings, Phoenix Safe Harbor Term Life and Phoenix Safe Harbor Term Life Express.

The firm has also expanded into call center distribution via for Term Life Express.

Phoenix Safe Harbor Term Life covers riders, which can provide accelerated death benefits in the case of chronic illness, critical illness or terminal illness, and a waiver of premium in the case of unemployment. An optional accidental death benefit rider is available for an additional premium. Term Life Express offers the same benefits but uses simplified issue underwriting, with immediate underwriting decisions available via a tele-underwriting service.

According to Edward W. Cassidy, executive VP, distribution, and managing principal of Saybrus Partners Inc., Phoenix s distribution subsidiary, Call center distributors cater to the type of consumers who want to shop for insurance online and also benefit from a personal consultation. They will provide a natural complement to our IMO relationships by extending our reach to people who might not seek financial advice from a local insurance agent.

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Publication:Mena Report
Date:Oct 9, 2014
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