Regulators Close In On IUL Illustration Compromise

February 5, 2020 by John Hilton

Regulators and industry representatives came closer to agreement on a middle ground to save the controversial multipliers and bonuses that many blame for rosy indexed universal life illustrations.

A National Association of Insurance Commissioners’ subgroup is still working through the details, but regulators seemed receptive to industry proposals that would limit maximum illustration rates to the 6% range.

A group of industry representatives presented a pair of options this week that would, theoretically, keep illustrations with and without bonuses and/or multipliers all in the same neighborhood. 

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Originally Posted at InsuranceNewsNet on January 29, 2020 by John Hilton.