[vc_row][vc_column][vc_column_text]If you haven’t heard, a vote was taken by the Life Actuarial Task Force (LATF), an advisory task force at the National Association of Insurance Commissioners (NAIC). On 10/17/19, LATF directed a subgroup of NAIC members to develop changes to Actuarial Guideline XLIX (AG 49) so that Indexed Universal Life insurance (IUL) products with multiplier-related benefits illustrate no better than those without multiplier-related benefits. We expect that regulators will develop these changes over the next few months.
Please stay alert at product announcements, changes, and illustration regulations being implemented as a result.
If you haven’t hear a reaction to the vote from PacLife*: [fivo_docs title=”NAIC Vote Response” ids=”2577″]
*we do not represent PacLife IUL, this is for informational purposes only.
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!
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.