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Issue: 2007-08-06 VantisLife Introduces VantisTerm ROPWINDSOR, Conn., August 6 – VantisLife Insurance Company will be offering a life insurance product, called SuperTerm ROP, which will incorporate a return-of-premium rider on the companys traditional level term life insurance policy. VantisLife said that customers have the potential to get back up to 100 percent of the premiums paid during the policy term. The company said that it anticipates that the product will be available in most of its footprint by the end of 2007. VantisTerm ROP is available in 20-, 25-, or 30-year level term periods, and in policy sizes from $100,000 to $5 million, according to VantisLife. The company added that premiums are guaranteed level during the term. This policy combines life insurance protection and the ability to get all or a portion of the premiums back tax free, said Craig Simms, senior vice president of VantisLife. It truly gives financial institution customers options when considering the purchase of life insurance. Simms added, This product will allow bank and credit union agents to quote traditional VantisTerm level term and the new VantisTerm ROP side by side. The customer can then make the choice that fits his or her specific need and budget. For more information, visit www.vantislife.com. |
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