Indexed Universal Life Illustration Fight Continues to Boil

July 14, 2020 by Allison Bell

The National Association of Insurance Commissioners (NAIC) is continuing to offer a quarantine-friendly alternative to wrestling and football, for people who miss wrestling and football: a fight over proposed changes to indexed universal life (IUL) insurance illustration standards.

Members of the NAIC’s Life Insurance and Annuities Committee have voted unanimously to approve a proposed update to Actuarial Guideline 49, which sets the rules for showing how an IUL policy might work in the future.

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Wink Inc. says insurers generated about $527 million from the sale of IUL and indexed whole life in the first quarter.

Originally Posted at ThinkAdvisor on Allison Bell by Allison Bell.