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Variable life insurance may reach Illinois within a year
Three major insurers seek Illinois Department of Insurance approval to sell variable life policies designed to rise with stock market gains. The plans promise death benefits and cash values that can grow with inflation, but include a guaranteed floor for death benefits and no floor for cash values.
MENTIONED IN THIS ARTICLE
Terry Hillig
Lindsay-Schaub
Illinois
Illinois Department of Insurance
Canada
Europe
New York Life Insurance Co
Aetna Life and Casualty
Equitable Life Assurance Society
Securities and Exchange Commission
SEC
Commission
Aetna
Equitable
New York Life
Edward Freeman
Ilinois Department of Insurance