Allianz Life Insurance Company of North America (Allianz) has introduced GenDex Foundation, a flexible premium fixed index universal life insurance policy.
Besides providing a death benefit, the policy offers affordable premiums, guarantees, and various other options (riders) that enable consumers to create a customised policy as per their specific needs.
Scott Fryklund, VP of life insurance at Allianz, said: GenDex Foundation offers lower-cost, guaranteed premium life insurance coverage that can be a good alternative to a traditional life insurance policy, which may be less flexible.
Universal Life (UL) offers lifetime coverage and the flexibility to pay premiums in any amount (subject to some limits) at any time, as long as policy expenses and cost of coverage are met.
