(PRWEB) July 12, 2002
Lincoln ,Neb.//Immediate Release//Ameritas Life Insurance Corp., one of the
nation's leading providers of no load insurance and annuity products, today
announced the introduction of No-Load Universal Life, the newest addition
to its Low-Load Series.
The no-commission, no-surrender charge life insurance policy is designed
for people who seek the safety of fixed returns for supplemental retirement
income, as well as life insurance protection. With the absence of sales
loads, the policy produces immediate liquidity and high first-year cash
"While many companies have added loads or surrender charges, or eliminated
no-load products altogether, we continue to support the fee advisor and
value-seeking consumer with innovative financial solutions," said Don
Reiser, president of Ameritas Direct, the company's no load division.
"This new policy takes our no load concept into the twenty-first century,"
added Dick Vautravers, FSA, ChFC, corporate actuary, who previously headed
the low-load division for Ameritas Life. "Our Low-Load Universal Life
policy was revolutionary and newsworthy in the 1980s. We're proud to
introduce its rightful descendent today."
"Market volatility has many people rethinking their risk tolerance and
turning toward the safety of fixed interest returns," Reiser added. "This
policy can be a key part of any financial portfolio, for its tax-deferral,
guaranteed return and tax-free death benefit. We believe with its immediate
liquidity, high cash value, low volatility and guaranteed return, this
versatile policy will be embraced by fee advisors and consumers."
The policy provides all the flexibility of a universal life policy in
premium paying, death benefit and access to cash value. It also can be
structured to deliver a guaranteed death benefit for more conservative
clients who prefer the strict guarantees of whole life.
Ameritas Life Insurance Corp., an Ameritas Acacia Company, is highly rated
by independent industry analysts for its claims paying ability and
financial stability. No-Load Universal Life and other no-load policies are
distributed to fee advisors and directly to consumers through Ameritas
Direct, frequently called "one of the best-kept secrets in the financial
world." Interested parties can call 800-552-3553 for more information.