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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Jun 21, 1975
Page
11
A new life cycle insurance policy blends term and permanent cover to adapt to changing needs. The concept offers a single policy form with flexible coverage and premiums, replacing a series of traditional policies.
Key events include New Hampshire ratifying the Constitution in 1788, Cyrus McCormick patenting the reaping machine in 1834, U S troops landing in Cuba in 1898, Tobruk falling in 1942, Okinawa surrender in 1945, and Paul VI becoming pope in 1963. Birthday notes cite Jane Russell and Judith Raskin. Thought for today and insurance note conclude.
A study notes few firms offer adjustable life plans that raise or lower face value and premiums over a lifetime. Minnesota Mutual Life dominates early examples and markets through its Financial Life Insurance Co. unit, with options to boost coverage via future dates or Consumer Price Index links.
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