Montpelier, Vt. National Life Insurance Company has introduced a new generation whole life insurance product (NL LifeBuilder) that combines the flexibility of universal life contracts with the guarantees of traditional whole life.

“We have introduced a product which we believe is unique in the industry,” said Matt DeSantos, vice president – marketing of the Vermont-based financial services company. “With NL LifeBuilder, consumers will be able to design, and then modify if necessary, an insurance program to fit their changing lifestyles.”

DeSantos said that unlike traditional whole life contracts, LifeBuilder allows policyholders to adjust their premiums, accelerate their cash value accumulation, and react to changes in their personal circumstances without having to make dramatic changes in their life insurance program.

Built on a traditional whole life chassis, LifeBuilder is a dividend-paying contract that offers a wide range of riders and customization options, including ones that allow policyholders to access their death benefit to meet potential long-term care costs, DeSantos said. “The product is ideally suited for individuals who have a desire for both guarantees and premium flexibility,” he said.

National Life Insurance Company is the flagship company of the National Life Group, founded in Montpelier, Vt. In 1850. The Group also includes Sentinel Asset Management and Equity Services, Inc. of Montpelier, Life Insurance Company of the Southwest of Dallas, Texas and American Guaranty & Trust of Wilmington, Delaware. The National Life Group has assets under management of some $18 billion and its companies offer a broad portfolio of life insurance, annuity and equity products.


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