Imminent needs to change the current state of IUL illustrations.
August 23, 2022 by Sheryl J. Moore
The last call that regulators had on indexed life illustrations seemed to have a different feel. Finally, it seemed that the regulators are of the belief that there is a problem, and that it needs fixed sooner than later.
The other interesting development is that opening the illustration model regulation now appears to be on the table. That is a multi-year project that would impact whole life and universal life as well.
That said, most agreed that something more imminent needs to change the current state of IUL illustrations. Stay tuned. – sjm
Read John Hilton’s INN article” Task force weighs ‘limited’ revision of life insurance illustrations model,” CLICK HERE