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
Looking for Something?
NFG Brokerage
We are a National Brokerage General Agency helping our Distribution Partners achieve great results.
Request a free quote
Our Team is ready to help. Click the button below and be sure to include the details of your quote...we will be back with you As Soon As Possible.
More from our blog
See all posts
North American is pleased to announce new web enhancements around our Indexed…
Another Shift Toward More Conservative Indexed Universal Life (IUL) Illustrations The National…
Effective May 22, 2023, Select-a-Term is repriced in all states except New…
The wait is over! Max Accumulator+ III, our flagship accumulation Index Universal…
As of April 24, 2023, Founders Plus IUL and Essential UL will…
The National Association of Insurance Commissioners (NAIC) has recently revisited Actuarial Guideline…
Continuing on our tradition of offering product solutions that we believe provide…
Securian is increasing participation rates on a number of Indexed Universal Life…