Bankers Life and Casualty Company is introducing a fixed-interest universal life insurance policy and updating an indexed UL product.

Bankers Life, Chicago, says the fixed-interest UL product, the TurningPoint policy, offers a flexible premium schedule, an interest bonus in policy years 16 and greater, a longer death benefit guarantee period, and a new Preferred Plus Non-Tobacco rating class.

The ClearVantage IUL policy now comes with an additional capped point-to-point index crediting option.

The policy continues to offer a rate based on 12-month averaging plus participation along with pure fixed interest rate option.

The new TurningPoint FIUL policy now is available through Bankers’ career sales agents in Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Missouri, Nebraska, Nevada, New Hampshire, North Carolina, Ohio, South Carolina, Tennessee, Virginia, Washington, and Wisconsin.

The ClearVantage crediting option addition is available in all states except Massachusetts and Pennsylvania.