Bankers Conseco Life Insurance Company has introduced its first new fixed interest universal life policy.

TurningPoint FIUL is a permanent life policy that builds cash value and offers flexible premium payments, according to Bankers Conseco, Jericho, N.Y.

The policy pays an interest bonus in policy years 16 and up, offers an increased death benefit guarantee period, and includes a new preferred plus non-tobacco rating class.

Distribution is through the insurer’s career agents.

Bankers Conseco is a subsidiary of Conseco, Inc., Carmel, Ind., with administrative offices in Chicago.