Commentary: Why AG49 Is Like Frankenstein’s Monster
September 21, 2021 by John Hutchinson
Actuarial Guideline 49 has been bolted onto and restitched to the point where it degenerated into a grotesque monster with a life of its own.
Like the road to hell, AG49’s original path was paved with good intentions. Its stated aim was to alleviate confusion by creating uniformity among indexed universal life illustrations plus requiring additional disclosures to aid in consumer understanding.