Principal Transition Guidelines: CSO & PBR Products
- September 23, 2019
- Carrier News, CSO & PBR, Life Insurance
[vc_row][vc_column][vc_column_text]Every Insurance Carrier will be/has been updating their product portfolio from the 2001 CSO tables to the 2017 CSO tables as well as adopting the new Principal Based Reserves (PBR) guidelines for 2020. This means every product will be re-price to be eligible for sale January 1, 2020.
Principal will have all of their compliant products available by November 1, 2019 and the last for new sales on the old products will be 12/2/2019. All products must be paid by 12/31/2019 to stay in the 2019 product.
Attached is the official announcement for Principal.[fivo_docs title=”Principal CSO&PBR Announcement” ids=”2538″][/vc_column_text][/vc_column][/vc_row]
- September 23, 2019
- Scott Karstens
- Carrier News, CSO & PBR, Life Insurance
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