Global Atlantic – Important Information Regarding Cap and Illustrated Rate Changes
- February 1, 2022
- Carrier News, Life Insurance, Rate Change
Effective February 1, 2022.
If you follow the markets, you already know there’s been significant volatility. As you may recall, market volatility affects Global Atlantic’s investment experience and increases hedging costs. As a result, Global Atlantic, like many carriers, must review its anticipated experience and adjust its cap rates to appropriately manage the business. We do this to ensure our continued financial strength that you and your clients have come to know and rely upon.
In light of the continued low, long-term interest rate environment and recent increases in hedging costs, Global Atlantic will be adjusting cap and illustrated rates on currently available IUL products and on inforce IUL products, effective February 1, 2022.
The illustration system will be updated with new rates on February 1, 2022.
Additional information, Cap rate effective date and transition rules will be communicated in the coming weeks.
Cap and illustrated rates for currently available IUL products are below:
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- February 1, 2022
- Benkis Barrueta
- Carrier News, Life Insurance, Rate Change
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