Business
Washington National Launches Individual Term Life Insurance Product
Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income Americans, has introduced today its new Individual Term Life Insurance (ITL). This product is an easy-to-understand solution designed to help underserved workers and families achieve financial security, offering key benefits such as the option to receive money back through an optional rider.
About this update from Cno Financial Group, Inc.
[{"type":"text","content":"A solution to bridge the financial protection gap for underserved workers and families","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"CARMEL, Ind., June 23, 2025 /PRNewswire/ -- Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income Americans, has introduced today its new Individual Term Life Insurance (ITL). This product is an easy-to-understand solution designed to help underserved workers and families achieve financial security, offering key benefits such as the option to receive money back through an optional rider.","length":464,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Washington National Insurance C)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Washington National Insurance C)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":219,"url":"https://media.zenfs.com/en/prnewswire.com/98a87ce01828e96ea70a240adaf2a026"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OGOH.RBqZRH7o.d1hlK2XQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/98a87ce01828e96ea70a240adaf2a026","width":400,"height":219}},"href":"https://mma.prnewswire.com/media/791777/Washington_National_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Life insurance ownership rates remain alarmingly low among workers earning less than $50,000 annually, with only 31% reporting they have coverage1," said Richard Shaffer, senior vice president of Worksite Sales. "This highlights a significant gap in financial protection among lower-income groups, underscoring the need for accessible and affordable life insurance solutions. Our Individual Term Life Insurance is specifically designed to close these gaps and provide affordable financial protection for families who need it most."","length":552,"tagName":"p"},{"type":"text","content":"With death benefit options ranging from $25,000 to $250,000, this product is designed to make the life insurance process straightforward while providing essential features:","length":177,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Extensive coverage with flexibility: The product offers a wide range of face amounts with term options of 10, 20 and 30 years.","length":131,...