Phoenix unveils two-in-one life insurance policy

A new life insurance product from The Phoenix Cos. Inc. covers two lives under one policy, providing a death benefit for a spouse or business partner... The Hartford, Conn.-based insurer today released the first first-to-die universal-life insurance policy, providing joint coverage and a payment on the death of one insured person.

With the release of the Phoenix Joint Advantage Universal Life policy, the insurer targets couples who need cash upon the first death or for small-business partners who need the money to cover each other’s interest...

Investment News: Phoenix unveils two-in-one life insurance policy