Whole Life

New Money Life

Original line of business: Zurich

Updated on: Dec 14, 2018

Product snapshot

The New Money Life product is an adjustable, whole life product. Premiums can be adjusted at the end of each 5-year period. These plans can be participating or non-participating, however dividends are reflected in the premiums of the policy and not in a payable dividend.

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: Yes

Bonus: N/A

Dividend options

If this product is participating, the experience is reflected in the premium rates. Therefore, no dividends are paid



Premium paying period

  • At the end of each 5-year period, the assumptions used in the development of the premiums for this plan are reviewed. If there is a change, then the premium for the next 5-year period is recalculated. Premiums could increase or decrease
  • Any change in the premium for each 5-year period is not a result of the attained age of the insured

Policy fees


Deposit load


Values, loans & withdrawals

Non forfeiture option: Yes

Loans: Yes

Withdrawals: N/A

Non-forfeiture option

Automatic premium loan (APL)


Loans are available



Cash value

This policy has guaranteed cash values

Reduced paid up

Guaranteed paid up values (minimum face for paid up policy is $5,000)

Riders & benefits

Premium offset/holiday: N/A

Premium offset/holiday


Death benefit

Basic face amount only

Reinstatement period

2 years