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Consumer Reports “Study” on Whole Life Insurance
In April of 2015, Consumer Reports published a report on life insurance titled: Is Whole Life Insurance Right for You? The report used the subtitle: Follow our Advice to Assess this Most Misunderstood Coverage. I’ll get right to the punchline, Consumer Reports recommended against whole life insurance. That fact is not surprising. Nor is it a surprise that several …
The Incredible Flexibility of Blended Whole Life Insurance
Today I want to talk about a subject that comes up every time we discuss whole life insurance with someone. The flexibility of whole life insurance is a major concern among our clients and prospective clients. This is an area where I can empathize with people. Sure things are going great now, but I don’t …
Likely Changes Coming to Indexed Universal Life Insurance Illustrations: Actuarial Guideline 49 Updates
In 2015, the National Association of Insurance Commissioners’s (NAIC) Life Actuarial Task Force (LATF) codified new rules for life insurance illustrations with indexing features. Actuarial Guideline 49 (AG49) placed certain restrictions on interest rate assumptions companies can make when projecting policy values inside their indexed universal life insurance policies (or any life insurance policy that …