AIG has just announced interest rate changes for the QoL Max Accumulator + (Non-NY). Please take a look at the reference rates below or click here to view the formal announcement.
| QoL Max Accumulator+ (Non-NY) (Policy Form ICC19-19646, 19646) Policies from 7/29/2019 through current |
| Index Interest Account Type | Guaranteed Minimum Interest | Cap Rate | Participation Rate | Maximum Illustrated Rate | Current Acc’t Value Enhancement (Policy Yrs 6+)1 |
Total Illustrated Rate (Policy yrs 6+) |
| ML Strategic Balanced Index | 0.00% | NA | 110% | 7.34% | 0.65% | 7.99% |
| (+10.00%) | (+0.04%) | |||||
| PIMCO Global Index | 0.00% | NA | 90% | 7.34% | 0.30% | 7.64% |
| (+10.00%) | (-0.05%) | |||||
| S&P 500 High Bonus Rate Index | 0.25% | 7.60% | 100% | 5.00% | 0.75% | 5.75% |
| (-0.40%) | (-0.22%) | |||||
| S&P 500 High Cap Rate Index | 0.00% | 10.20% | 100% | 6.42% | 0.25% | 6.67% |
| (-1.05%) | (-0.31%) | |||||
| Declared Interest | 2.00% | NA | NA | 2.15% | 0.25% | 2.40% |
|
QoL Value+ Protector (Non-NY) (Policy Form ICC16-16760, 16760) Policies from 12/17/2018 through current |
| Index Interest Account Type | Guaranteed Minimum Interest | Cap Rate | Participation Rate | Maximum Illustrated Rate | Current Acc’t Value Enhancement (Policy Yrs 6+)2 |
Total Illustrated Rate (Policy yrs 6+) |
| ML Strategic Balanced Index | 0.00% | NA | 85% | 5.74% | 0.80% | 6.54% |
| PIMCO Global Index | 0.00% | NA | 70% | 6.45% | 0.80% | 7.25% |
| (+5.00%) | (+0.42%) | |||||
| S&P 500 Participation Rate Index |
0.00% | NA | 30% | 3.51% | 0.75% | 4.26% |
| (-10.00%) | (-1.15%) | |||||
| S&P 500 Cap Rate Index | 0.00% | 7.10% | 100% | 4.65% | 0.75% | 5.40% |
| (-0.25%) | (-0.14%) | |||||
| Declared Interest | 2.00% | NA | NA | 2.00% | 0.75% | 2.75% |
- July 13, 2020
- Scott Karstens
- Carrier News, Life Insurance, Rate Change
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