NAIC Considers Doubling 10-Year Minimum For Illustration Indices
March 12, 2019 by John Hilton
A National Association of Insurance Commissioners’ working group put a strong proposal on the table Thursday to double the time indexes must be in existence to be used in annuity illustrations.
The proposal put forth by John Robinson of Minnesota would double the time indexes must be in existence from 10 to 20 years. The Annuity Disclosure Working Group is concerned that consumers are being misled by unrealistic indexed annuity illustrations.
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Originally Posted at InsuranceNewsNet on March 7, 2019 by John Hilton.
Categories: Industry Articles