NAIC AG49 changes bring consistency to IUL illustrations
September 4, 2015 by TOM DORUSKA
The National Association of Insurance Commissioners (NAIC) adopted the life insurance illustration regulation in 1995, which individual states then enacted into law. At the time the regulation was adopted, indexed universal life (IUL) had not yet been introduced to the marketplace. As a result, the current illustration guidelines that apply to the product were not designed with these products in mind.
Originally Posted at LifeHealthPro on August 27, 2015 by TOM DORUSKA.
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