Regulators Settle On 0.15% Nonforfeiture Floor On Deferred Annuities
October 14, 2020 by John Hilton
A state regulator task force took another stab at resetting the standard minimum nonforfeiture interest rate for individual deferred annuities to help insurers cope with historically low interest rates.
Regulators had previously toyed with dropping the rate from 1% to 0%, but the Life Actuarial Task Force revisited the issue today and settled on 0.15%. The task force is composed of members of the National Association of Insurance Commissioners.