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.