NU Online News Service, July 17, 10:30 a.m. – Zurich Life, Schaumburg, Ill., is billing its new Zurich CVT policy as an alternative to term life insurance.

Rates for the policy are low, but the policy accumulates cash value over time, and customers who pay a minimum premium can qualify for a 20-year rate guarantee, Zurich Life says.

Zurich Life is issuing the policy through its Federal Kemper Life Insurance Company unit.

Zurich Life runs the U.S. life insurance operations of Zurich Financial Services Group A.G., Zurich.