Universal Life

Universal Life (Zurich 1992,1994)

Original line of business: Zurich

Updated on: Jan 8, 2019

Product snapshot

Zurich Life offered several different versions of an universal life product to their clients. These products combined life insurance with an investment component. 

Basic product information

Product administration guide: N/A

Sample contract: N/A

Dividend options: N/A

Bonus: Yes 

Dividend options



  • 0.25% starting at the 5th anniversary and up to and including the 9th anniversary
  • 0.50% starting at the 10th anniversary and beyond
    Annual equivalent interest rate credited daily to guaranteed investment funds and the daily interest fund 

Premium paying period

To age 100

Policy fees

$7 monthly administration fee

Deposit load

Varies by province

Values, loans & withdrawals

Non forfeiture option: Yes

Loans: N/A

Withdrawals: Yes

Non-forfeiture option

Client can take a premium holiday if there is excess cash value 


  • Policy loans are not permitted


  • $50 processing fee
  • $450 minimum

Cash value

Policy may have accumulated value, although this is not guaranteed

Reduced paid up


Riders & benefits

Premium offset/holiday: Yes

Premium offset/holiday

Client can take a premium holiday if there is excess cash value

Death benefit

  • Increasing (face plus fund)
  • Level

Reinstatement period

2 years