Is Another Indexed Universal Life Illustration Fight Pending?

May 2, 2019 by John Hilton

State insurance regulators are taking another look at controversial indexed universal life illustrations — albeit with some trepidation.

After all, it has only been a shade over three years since a National Association of Insurance Commissioners’ working group produced Actuarial Guideline 49, which was supposed to rein in illustrations.

A new working group quietly began looking at IUL illustrations this winter. The group has a 2019 charge to “provide recommendations for modifications to AG 49 to the Life Actuarial (A) Task Force.”

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Originally Posted at John Hilton on May 2019 by John Hilton.