Washington-based Symetra Life Insurance Company has added new enhancements to intensify the quality to its cash value universal life (UL) insurance product, Symetra Classic UL, including expanded death benefit options and a charitable giving benefit.

Symetra Classic UL offers flexible features and payment options, multiple ways to access the policy’s accumulated cash value with three new death benefit options.

The death benefit plus a return of the premiums paid option is designed to maximize the amount of money passed on to the beneficiaries or for businesses to cover key employees.

The charitable giving benefit option gives customers ability to continue their charitable giving even after death by paying an additional benefit of 1% of their policy’s face amount to a selected, qualified charity, at no additional cost.

Symetra also expanded the age range for the product’s accelerated death benefit rider for limited activities of daily living and cognitive impairment and the rider now is available to insured persons from 20 to 85 years old.

Symetra senior vice president of Life Product Development and Client Solutions Mike Tinsley said the product was introduced to provide flexibility, cash accumulation and lifetime protection to meet clients’ needs at all stages of life.

"Our new enhancements further our commitment to bring the value back to universal life insurance for customers by putting more of every premium dollar toward cash value build-up," Tinsley added.

Symetra Life Insurance, founded in 1957, provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors.