A unit of the Zurich Financial Services Group has added a universal life policy with a crediting rate based on the performance of three different market indexes.
The Schaumburg, Ill., affluent markets group at Zurich Financial, Zurich, says holders of the flexible-premium policy can allocate policy value to a global index as well as to a domestic index and a fixed index.
Zurich Financial plans to give the top-performing index extra weight when computing the crediting rate each year. The crediting rate calculators will disregard the lowest performing index.
Zurich Financial will write the policy through Zurich American Life Insurance Company, which has its official domicile in Illinois and offices in Jersey City, N.J.
In other ideas news, Blue Shield of California, San Francisco, is joining with St. Joseph Health System, Orange, Calif., to form an “accountable care organization” (ACO) test program.