The Phoenix Companies Inc. has entered a distribution agreement with the National Agents Alliance (NAA), under which NAA agents can offer the redesigned Phoenix Simplicity Index Life product to their client base. Phoenix Simplicity Index Life (IUL) is an indexed universal life insurance product that provides universal life insurance protection with an ability to build cash value. Phoenix says it will seek a limited number of additional distributors for Phoenix Simplicity Index Life throughout 2012.
The product, says Phoenix, has a simplified-issue format that allows the entire underwriting process to be covered with a limited number of questions, routine database checks and no blood or lab tests.
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