This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Phoenix Launches Remembrance LifeSM With Innovative Benefits Designed To Replace Income And Carry On Family Traditions

The Phoenix Companies, Inc. (NYSE: PNX) today announced the launch of Phoenix Remembrance Life SM , a whole life insurance product with innovative benefits designed to protect the futures of loved ones and carry on traditions for families.

Phoenix Remembrance Life provides final expense coverage and an income stream death benefit for a beneficiary as well as three included riders that can advance benefits in case of critical or terminal illness or increase benefits in the case of accidental death. It also offers optional riders that can help insureds continue to be part of children’s and grandchildren’s lives even after they have passed and provide extra income to surviving spouses.

“Launching Remembrance Life is a major step for Phoenix as we continue building out our life insurance product portfolio for middle market consumers,” said Thomas M. Buckingham, executive vice president, product development and operations. “After establishing ourselves in the fixed indexed annuity arena over the last several years, we are now able to leverage that middle market presence and expertise and apply it to our life insurance business. This product continues a long tradition of product innovation and also marks a significant expansion to our life distribution and administrative capabilities.”

Product Features Include Standard and Optional Benefits

Phoenix Remembrance Life offers permanent death benefit protection with a unique menu of standard and optional benefits that provide a number of ways to leave a legacy to family members. The offering comes with a traditional lump sum death benefit that can be used for final expenses and an additional income coverage rider that provides monthly income payments to a specified beneficiary after the insured’s death. It is available to insureds ages 30 to 80 at the time of issue. The insured chooses one of three coverage allocation options between the lump sum and income coverage: 75%/25%, 25%/75%, or 50%/50%. Total coverage can be as low as $10,000 and as high as $50,000 to $100,000 depending on age.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs