AG 49 - Exposure Draft 11-15-19

The IUL Illustration Subgroup is requesting proposals for edits to AG 49. Comments due to Pat Allison by Nov. 25, 2019.

The IUL Illustration Subgroup is requesting comments due to Reggie Mazyck by November 12, 2019 on the following questions related to IUL illustrations:

1.  Should the effective date for new policies be the later of 5 months after LATF adoption or 3 months after NAIC Executive/Plenary adoption?
2.  Should the revised guidelines be in place for inforce illustrations for policies sold before the effective date for new policies?
3a.  Does the approach of having the disciplined current scale earned rate including or excluding the Supplemental Option Budget lead to the result of the multiplier product illustrating about the same as a non-multiplier product?
3b.  If neither of the approaches mentioned in 3a leads to this result, is there an alternative approach that leads to this result such as providing explicit guidance in Section 4?

The IUL Illustration Subgroup is requesting comments to Reggie Mazyck by Sept. 6, 2019 on the following questions related to IUL illustrations:

• Should a product with a multiplier feature illustrate a higher scale than a product without multiplier features?
• To what extent should the 145% disciplined current scale factor apply to charges supporting bonuses and multipliers?

IUL Illustration Menu of Options 
Please send comments to Reggie Mazyck by close of business on June 28, 2019.

Securian/Penn Mutual/Mutual of Omaha comments on items 13-16

Academy comments on items 13-16

ACLI comments on items 13-16

Global Atlantic comments on items 13-16

Harrison Law comments on items 13-16

Pac Life comments on items 13-16

SJO comments on items 13-16

Tonka comments on items 13-16

IUL Questions
IUL Questions Combined Comments - Updated 4/1/19
Please send comments to Reggie Mazyck by close of business on March 8, 2019.