Atlanta Life Insurance Company (ALIC), a subsidiary of Atlanta Life Financial Group, Incorporated (ALFG), is pleased to announce its partnership with Altium Group, LLC, a New York-based specialty insurance firm. The partnership’s initial product offering is an innovative, industry-first, insurance coverage that protects the beneficiary from the suicide exclusion clause written into all standard life insurance policies, where life contingent structured settlement or lottery award payments could be stopped due to the suicide death of the insured, within the 24 month contestable period.

“We are excited that we have the privilege to partner with such a distinguished organization like Atlanta Life Insurance Company,” said William Coluccio, President, Altium Group, LLC. “The partnership allows us to offer consumers a specialized insurance product that eliminates the risk of potential nonpayment of a death benefit claim by an insurance carrier due to the suicide death of the insured within the contestable period.”

Marketed as Contestable Period Coverage, or CPC, the insurance is purchased separately as a companion product to any primary life insurance policy, and requires no underwriting. The Atlanta Life Insurance Company CPC product will provide payment to the beneficiary in the event a life insurance claim is denied by an insurance carrier, on an in-force policy, due to the suicide exclusion clause written into every insurance policy.

“We are delighted to have partnered with Altium Group,” said Geoffrey C. Nnadi, President and Chief Executive Officer, Atlanta Life Financial Group. “The ALIC/Altium Group CPC is unique, increased protection for consumers that does not currently exist in the marketplace. This is another solid step in our journey to becoming an innovative leader in the financial services industry. Our efforts continue as we’ve already begun to explore avenues to expand the product offering.”