Effective September 10, 2018 the New Select IULTM will replace the Protection Index UL in all states except CA and NY where approval is pending.
Zurich Select IUL Highlights:
- Top 3 in Premium Solves
- Three NLG Options to Age 85, 90 or 100
- 12% Guaranteed Bonus Policy Years 10+
- Four Index Interest Account
- Chronic Illness Rider
Below are the guidelines for the transition:
I. Current Pending Formal Applications for Protection Index UL:
- Switch to Select IUL: A new supplemental application (form #ICC18-ZM-24060FT) and a revised signed illustration will be required prior to issue.
- Remain with Protection Index UL: All delivery and premium requirements must be received by the home office in good order and the policy must be placed inforce by December 28, 2018.
II. New Formal Applications for Protection Index UL (outside of CA or NY):
- All formal applications must be received by the home office in good order by
October 12, 2018. All delivery and premium requirements must be received by
the home office in good order and the policy must be placed inforce by
December 28, 2018.