Life and Annuity Products Should Meet Same Illustration Standards: Consumer Rep

November 6, 2019 by Allison Bell

A consumer group is asking state insurance regulators to work in 2020 on making the performance illustration rules for indexed life insurance products more like the illustration rules for indexed annuities.

The Center for Economic Justice says the Life Insurance and Annuity Committee, part of the National Association of Insurance Commissioners (NAIC), should turn its Annuity Disclosure Working Group into a Life Insurance and Annuity Illustrations Working Group.

Originally Posted at ThinkAdvisor on November 5, 2019 by Allison Bell.