NU Online News Service, Jan. 17, 2:22 p.m. – Zurich Life, Schaumburg, Ill., says it will be lowering rates on some term life policies written by its affiliates.
Products affected include the Zurich Secure-T, Zurich Super-T and Zurich Certain-T policies, which are underwritten by Federal-Kemper Life Assurance Company.
Rates for the most popular Federal-Kemper term policies, the Zurich Certain-T policies, will fall for policies that guarantee five years, 10 years, 15 years, 20 years and 30 years of level premium payments, Zurich Life says.
Zurich Life says it will also lower rates on the Zurich Executive Term policies, which offer high death benefits and are underwritten by Fidelity Life Association.
Zurich Life is a unit of the Zurich Financial Services Group, Zurich.