You may have heard a lot about the recent Internal Revenue Code Sections 7702 and 7702A changes. It’s good news, and beginning on April 9, 2021, the illustrations you run for a new Nationwide Indexed Universal Life (IUL) or Variable Universal Life (VUL) policy will include these latest rates.
These changes are including:
- Markets that may be well-served with this more efficient life insurance solution
- Unique Automated Income Monitor makes it easy to set up and monitor an income stream
Here is a link to the overview. Updated IRS Codes 7702 & 7702A
- April 6, 2021
- Benkis Barrueta
- Carrier News, Life Insurance, Nationwide
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