NAIC regulators begin consensus phase on annuity illustration overhaul
August 12, 2026 by John Hilton
Wink’s Moore on the Market: If there is one thought I took away from this article, it was:
“FOR THE LOVE OF ALL THAT IS HOLY…AN ADDITIONAL DISCLOSURE WILL NOT SOLVE THIS PROBLEM!”
Illustrations on indexed annuities have become uncontrollable.
Insurance regulators would do well to consider how effective indexed life’s AG49 has been. Do we want this same process for annuities? (I am talking to you, National Association of Insurance Commissioners (NAIC).)
Special shout out to my main man, Mike Yanacheak. I couldn’t agree with him more. -sjm
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A National Association of Insurance Commissioners’ working group is moving into a new phase of its effort to overhaul annuity illustration rules, shifting from collecting ideas to building consensus on potential changes to Model Regulation 245.
The Life Insurance and Annuities Illustrations Working Group held the first of four conference calls on Thursday, designed to reach a consensus on the difficult illustration rules.
