The National Association of Insurance Commissioners (NAIC) has adopted the Revised Actuarial Guideline 49-A (AG 49-A) which will go into effect for any IUL policy sold on or after May 1, 2023.
As a result, there will be some updates to IUL products.
Here’s a quick view of what’s changing: • This update only impacts illustrations, not how the life insurance product operates or performs • Illustrated performance of Volatility Control Index (VCI) accounts will be reduced to similar levels as current S&P 500 index accounts • Caps and participation rates are not changing • There are some interest rate changes in the in-force products to reflect the current market environment
NEW! QoL Max Accumulator+ III will now be available in California. The IUL products provide your clients with valuable features to help move their financial futures forward and help secure a better life ahead.
With NFG Brokerage, you no longer need to depend on a one size fits all approach. We work hard for you to create customized insurance strategies to help you deliver the most affective solutions to your clients. Your success is our success...don't delay!
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