Zurich has announced the closure of the following products to new sales, effective February 1, 2023:
- Zurich Wealth Builder IUL
- Zurich Select IUL
- Zurich Survivor IUL
- Zurich Term 10, 15 and 20
Formal applications in good order will still be accepted through 5:00 p.m. on January 31, 2023, so long as they are received by Zurich’s home office by 5:00 Central Standard Time. All policies must be fully funded and delivery requirements must be received in good order by 5:00 p.m. on March 28, 2023.
Zurich will also continue to review informal applications and QuickQuotes that are received by the home office on December 31, 2022 by 5:00 Central Standard Time.
Zurich’s future product roadmap will be a combination of individual supplemental health and guaranteed/simplified underwriting term life products, with first tranche of new products expected to launch in mid-2023.
There will be no disruption in service for in-force policies. Zurich’s sales team will continue to support you and bring new growth opportunities to your businesses.