Regulatory Commentary

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#342 | AG 49-B & The Next Phase of IUL

Quick Take AG 49-B is likely to be adopted in the next couple of weeks and implemented in March of 2023. The immediate effect will be dramatic - some accounts will see reductions in illustrated income as large as 50%.…

#329 | AG 49-B Takes a Leap Forward

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#311 | The Shifting Winds of AG 49-A

For the third time, the IUL Illustration Subgroup of the Life Actuarial Task Force (LATF) of the A Committee of the NAIC – yes, that’s really how the hierarchy goes – will take up the question of what to do…

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#300 | Get Ready for AG 49-B

At the NAIC Life Actuarial Task Force (LATF) virtual meeting in early December, Fred Andersen (MN), the chair of the IUL Illustration Subgroup, read a prepared statement asking for comments on a particular nuance related to AG 49-A and the…

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#285 | The Lesson of the Cares Act

To quote the great Yogi Berra, “in theory, there is no difference between practice and theory. In practice, there is.” That’s certainly the case with the Washington Cares Act, a well-intentioned law designed to provide a backstop for the growing…

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#263 | 7702 Update – Symetra Moves First

Nearly 2 months after the fact, we finally have our first retail product illustrations that reflect the new 7702-2% (as opposed to the old, 7702-4%) rates. The results are in-line with what I wrote about in previous articles, but I…

#259 | Section 7702 Q&A

The Section 7702 Christmas Miracle Update It’s been a whirlwind start to the year for the life insurance industry. Since publishing The Section 7702 Christmas Miracle on January 5th, it has amassed an unbelievable 16,000 reads – a testament to…

#257 | The Section 7702 Christmas Miracle

This is the closest thing to breaking news in our industry and, as such, it’s still very much evolving. Current updates to the post are at the very bottom. For all of the buzz and lead-up to the creation and…

#251 | The AG 49-A Loan Loophole

Back in June of this year, I wrote an article entitled “The Impacts of AG 49-A” that went through six points of how AG 49-A would impact illustrations. My 6th point was about policy loan arbitrage and the fact that,…

#229 | The Impacts of AG 49-A

At last, it appears as though the process to make edits to AG 49 is coming to an end and has coalesced around the proposal crafted by life insurers and put forth by their industry group, the ACLI, and now…

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