Complex life insurance policy illustrations underscore the need for trusted advisors to counsel seniors: Opinion
December 23, 2015 by DARWIN BAYSTON, CFA
Earlier this year, the National Association of Insurance Commissioners (NAIC) adopted uniform standards for Indexed Universal Life (IUL) policy illustrations. The intention was to provide “more realistic” guidelines for the illustrations that can be used to market IUL policies to prospective customers.
The new actuarial guideline establishes a uniform methodology that must be followed in determining the maximum annual rate of index-based interest that can be used to calculate policy values in IUL illustrations, based on the historical performance of the S&P 500 Index.
Originally Posted at LifeHealthPro on December 22, 2015 by DARWIN BAYSTON, CFA.
Categories: Industry Articles
