Zurich has launched Zurich Index Universal Life, a premium-adjustable life insurance policy with index-linked interest options or index universal life.
The base policy provides death benefit guarantees; long-term death benefit guarantees are available as an option. Policy value growth is supported by both fixed interest and index-linked interest-crediting alternatives.
The policy owner may allocate policy value between fixed accounts and index accounts. Two of the indexed interest accounts — the domestic multi-index interest account and the global multi-index interest account — use three market indexes, as opposed to a single market index, as the basis of their annual index interest crediting. At the end of each account segment’s one-year point-to-point period, the highest performing index receives an overweighted crediting, the second highest is underweighted, and the lowest performing index is disregarded.