BINGHAMTON, N.Y., June 30, 2015 /PRNewswire/ -- Security Mutual
Life Insurance Company of New York
has announced a new rider, available on its whole life line, that
will allow a policyowner significant flexibility in funding the
paid-up additions element of his or her policy. This added
flexibility will appeal to individuals whose incomes fluctuate,
such as business owners, self-employed professionals, employees
whose compensation comes in the form of bonuses and real estate,
and stock market investors.
"The new rider will make Security Mutual's whole life line even
more attractive to those life insurance planners who embrace the
MoneyTrax, Infinite Banking® or Becoming Your Own
Banker® concepts," observed George Kozol, one of Security Mutual's marketing
executives.
Kozol went on to note that whole life sales are up at Security
Mutual, in part because more Americans are looking for an asset,
such as a whole life/paid-up addition combinations, that generates
guaranteed cash value, which is immune to stock market risk, and
which is accessible to the policyowner. He also noted that the
uptick in sales of whole life/paid-up combinations can be
attributed to Security Mutual's favorable reputation among life
insurance planners who work with MoneyTrax or with the
Infinite Banking® or Becoming Your Own
Banker® concepts.
Security Mutual Life Insurance Company of New York is independent of and is not
affiliated with, sponsored by or endorsed by MoneyTrax,
Inc.
The Infinite Banking® and Becoming Your Own
Banker® Concepts are registered trademarks of Infinite
Banking Concepts, LLC. Security Mutual Life Insurance Company of
New York is independent of and is
not affiliated with, sponsored by, or endorsed by Infinite Banking
Concepts, LLC.
This release describes in general terms the features of the
Combo Rider (policy form series IO-9359-TPC), designed for use with
Security Designer WL4U™ whole life insurance policies (policy form
series 2112). This is not a policy. In the event of a conflict
between the terms outlined within and the policy, the terms of the
policy will control. Product, features and benefits may not be
available in all jurisdictions.
Guarantees are based on the claims-paying ability of the
issuer.
About Security Mutual Life Insurance Company of New York: Now more than 128 years old,
Security Mutual Life continues to fulfill the mission upon which it
was founded in 1886: to provide sound, equitable and competitively
priced insurance products to help protect people against the
financial hazards resulting from death, disability, or retirement.
As a mutual insurer, the company operates for the benefit and
protection of its policyholders. Security Mutual is licensed in all
50 states, as well as in the District of
Columbia and the U.S. Virgin
Islands.
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SOURCE Security Mutual Life Insurance Company of New York