AG49-A Revisions Have No Impact on Ameritas IUL Illustrations

Since 2015, Actuarial Guideline 49 has tried to provide a uniform method for calculating maximum illustrated IUL rates. We’re now experiencing another round of updates, referred to as AG49-A. A little history can help explain the Ameritas position on the regulation.

AG49 was designed to standardize illustrations and policy loan rates across the life insurance industry. However, new indexed universal life product features were released which complicated the problem. AG49-A, which came out in 2020, tried to address some of the concerns raised by state insurance regulators. Now, AG49-A revisions are trying to further limit the maximum illustrated rate for non-benchmark index accounts.