AG 49-B Announcement

New AG 49-A revisions (referred to as AG 49-B) will go into effect for policies sold on or after May 1, 2023. The revisions have no impact on the maximum illustrated rates for our currently sold products. The AG 49-A regulations were developed to provide life insurance carriers with a more uniform method for calculating maximum illustrated rates on Index Universal Life (IUL) insurance products and to help consumers better understand the illustrations. The latest revisions will provide further limits to the maximum illustrated rate for non-benchmark index accounts.