Acceleration Life Insurance

Acceleration Life Insurance

A life insurance policy that allows the policyholder to access a portion of the death benefit (usually about 25%) in the event of a catastrophic illness. The policy states which illnesses are eligible for this benefit. Acceleration life insurance allows the policyholder to pay for treatment of what may be a final illness while still providing for his/her beneficiaries after death. See also: Accelerated Option.
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13 /PRNewswire/ -- Standard & Poor's today assigned its triple-'Bpi' insurer financial strength rating to Acceleration Life Insurance Co.
Counterparty credit rating Api Financial strength rating Api Acceleration Life Insurance Co.
NYSE: FTR) (Frontier) announced today that it has completed its acquisition of Acceleration Life Insurance Company from ACCEL International Corporation for $40.
NYSE: FTR) (Frontier) announced today that it has entered into agreements to acquire Acceleration Life Insurance Company, Dublin International Limited, Acceleration National Service Corporation, and the extended service contract business of Acceleration National Insurance Company from Acceleration International Corporation (Nasdaq: ACLE) (Accel) for $40.
B++ (Very Good); and Acceleration Life Insurance Co.
Announces Agreements to Acquire Acceleration Life Insurance Company, Related Companies and Assets, moved earlier today, we are advised by the company that the name of the seller was misidentified.
from C+ to B- -- Acceleration Life Insurance Company (Dublin, Ohio) from D+ to C- Notable downgrades include: -- Western and Southern Life Insurance Company (Cincinnati, Ohio) from A- to B+ -- United Investors Life Insurance Company (Birmingham, Ala.
3%, respectively) over the comparable 1997 period, as a result of growth in the majority of the Company's core and new program business and the acquisitions of Lyndon Property Insurance Company and subsidiaries in May 1997, and of Western Indemnity Insurance Company, Acceleration Life Insurance Company, and Environmental Commercial Insurance in December 1997.
NASDAQ/NMS:ACLE) today announced it has reached an agreement in principle pursuant to which ACCEL will sell its auto after-market product group along with the stock of its Acceleration Life Insurance Co.
The company will use the proceeds to redeem notes which were not tendered, invest in or settle obligations to Acceleration Life Insurance Co.