Regulators Draft Language for Hot New Annuities

September 7, 2022 by Allison Bell

Life insurers could start using a new language to build “index-linked variable annuities,” or ILVAs, as early as April 1, 2023.

The Index-Linked Variable Annuity Subgroup, an arm of the National Association of Insurance Commissioners, has been working on an Actuarial Guideline ILVA draft for more than a year.

Insurer groups seem to like what they’re seeing in the latest draft, including part of a provision that calls for the guideline to take effect this spring.

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Originally Posted at ThinkAdvsior on September 1, 2022 by Allison Bell.