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AG49-A: What You Need to Know

Published on October 28, 2020

 

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

John Hancock

Lincoln

Nationwide

Principal

Prudential

Securian

Symetra

Zurich

 

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