Advisors Blog

To further protect your Indexed Universal Life (IUL) clients, the National Association of Insurance Commissioners (NAIC) recently enacted revisions to the AG49 regulation that governs IUL products. The new version of the regulation, called AG49-A, will further limit how carriers illustrate their IUL products and provide more transparency.  All Life Insurance carriers must be in compliance with Actuarial Guideline 49A (AG49-A) for IUL illustrations by November 25th, 2020.  Many carriers will be adjusting the illustrated rates on IULs and will require updated, signed illustrations.

See the carrier memos below for more information on product and illustration changes and deadlines:

AIG

• Actuarial Guideline 49 (AG 49) Updates to Index Universal Life (IUL) Insurance Illustrations

John Hancock

• FAQ: Important Details about the Transition for AG49-A: IUL Illustrations

Lincoln

• Upcoming Illustration Changes for Indexed UL Products (AG49-A)

Nationwide

• A New Regulation Affecting IUL Illustrations:  AG 49A
• Get Ready for AG49-A

Principal

• New IUL Regulation and Index Cap Rate Changes

Prudential

• IAUL 2018 Illustration Update for AG49-A

Securian

• AG49-A Illustration Changes

Symetra

• AG49A Transition Rules and UL Crediting Rate Changes

Zurich

• Revised Zurich AG49-A Transition Rules