The changes have boosted the cash surrender value of the product offered by MONY Life Insurance Company of America, making them greater by various percentages for the first eight years of the policy as compared to those without the enhancement.
In the first policy year, for example, the amount of
surrender value payable will increase by approximately
5%, with increases reaching as much as 7% in the
following two years of the policy.
The CSVUL product also offers a unique combination of
flexible death benefits, flexible premium payments,
potentially high early cash values, investment
flexibility and liquidity features.