Regulators Hop One Step Forward, Two Steps Back on IUL Illustrations

March 8, 2022 by Ann Young Black, Carlton Fields

On February 24, 2022, the NAIC Life Actuarial (A) Task Force discussed the comments to its December 9, 2021, exposure draft on whether to address indexed universal life (IUL) illustrations of volatility-controlled index accounts and guaranteed fixed bonuses, and if so, how?

The discussion included feedback regarding the 11 comment letters from the various players, including task force members and consumer representative Birny Birnbaum.

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Originally Posted at JD Supra on March 2, 2022 by Ann Young Black, Carlton Fields.