Effective July 17, 2021
Congress passed the Consolidated Appropriation Act (CAA) at the end of 2020, which contains a provision that affects life insurance under Section 7702 of the U.S. Internal Revenue Code. New interest rates used to calculate the guideline and modified endowment premiums have been lowered effective January 1, 2021.
AIG is making updates to Max Accumiulator+ II beginning July 17, 2021, to comply with these changes. Plus AIG continues to offer you and your clients valuable protection, strong cash value, and other flexible features through simple, transparent product designs.
Check the full bulletin here
- July 15, 2021
- Benkis Barrueta
- Carrier News, Life Insurance
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