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Illustrations for indexed universal life (IUL) products do cap the crediting rates, and that makes use of unusual investment index options rare in the world of IUL products, the center says.

Product illustrations assume that the current cap, participation rate, trigger rate, or other index rates stay constant in the projection.

A longtime agent and planner has told the SEC that showing consumers 'mind-numbing rows of numbers' is useless.

Instead of a full rework, regulators settled on Actuarial Guideline 49 in 2015 as the first check on IUL illustrations. Insurers quickly got around AG 49 by offering IUL products with multipliers ...

The IUL Illustration Subgroup held class on May 28 to discuss a menu of options for enhancing IUL illustrations, reflecting comments from all the papers submitted to the Subgroup.

Adopted in 2015, AG 49 failed to bring IUL illustrations in line, so the National Association of Insurance Commissioners adopted the subgroup's recommendations for AG 49-A late in 2020.

The work on index product illustrations looks to be a marathon that is just beginning. Send Print Report. Latest Posts. Florida Appeals Court Decisions Week of June 9 - 13, 2025; ...