Voya lowers caps, participation rates on indexed universal life policies
February 19, 2016 by Greg Iacurci
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“Although all cash-value life insurance policies have the ability to change their non-guaranteed provisions on an annual basis, it’s not something you hear about too frequently,” according to Sheryl Moore, chief executive of Moore Market Intelligence.
Wink’s Note: “This article is about inforce rate changes; this is a non-event in the eyes of our company. However, you do need to consider that reductions in caps are not exactly consumer-friendly either. I can speak to that from a policyholder’s perspective.” ~ Sheryl J. Moore, CEO of Wink, Inc.