NU Online News Service, June 27, 12:25 p.m. – The New York Life Insurance and Annuity Corp., a subsidiary of New York Life Insurance Company, New York, is adding features to its NYLIAC Accumulator and NYLIAC Protector universal life insurance products.
The company says it is offering several new no-lapse guarantee riders and a life extension rider.
The new no-lapse guarantee provision is available as a rider for 10-year or 20-year terms, or to age 100.
The life extension rider permits policyholders to extend the full death benefit beyond age 100.
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