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.
“The Zurich Index UL product provides valuable death benefit protection combined with innovative policy value growth potential,” says David Dietz, CEO of Zurich Global Life in North America. “It’s designed to provide an attractive and flexible balance between long-term death benefit protection and policy value accumulation over the life of the policy.”
For more information about the Zurich Index Universal Life product, go to http://www.zlifeusa.com.