Indexed universal life (IUL) insurance has surged in popularity over the past decade, but regulators warn that the way these products are illustrated often sets clients up with unrealistic expectations.
For years, regulators, actuaries, and consumer advocates have flagged one issue time and again: illustrations that look far too good to be true. Now, with new revisions to Actuarial Guideline 49-A (AG 49-A) under review, the National Association of Insurance Commissioners (NAIC) is taking steps to bring IUL projections back down to earth. ARTICLE