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.
Phoenix Simplicity Index Life offers permanent death benefit protection for those concerned about the financial security of a loved one. Since index credits are linked to the performance of the
Consumers can exchange pre-existing life insurance policies with Phoenix Simplicity Index Life, a process known as a 1035 Exchange, after consulting with a professional tax advisor regarding any tax consequences this process may produce. If an exchange is suitable, the consumer can trade in an existing policy for a more affordable one, or add a cash value component to the policy for loans and/or withdrawals.