NAIFA speaker: NAIC’s AG 49 is bad news for indexed UL providers
October 5, 2015 by Warren S. Hersch
New actuarial guidelines adopted by the National Association of Insurance Commissioners will impose restrictions on policy illustrations for the industry’s hottest-selling insurance products, indexed universal life. And that will likely translate to greater uniformity and less innovation in the design of the products.
Randy Kemnitz, a subject matter expert at Kaplin University where he writes the insurance curriculum, forecasted this outcome at an Oct. 4 education workshop of the 2015 annual meeting of the National Association of Insurance and Financial Advisors. Click HERE to read article