Insurers want NAIC to rein in illustrations for indexed universal life

Insurers want NAIC to rein in illustrations for indexed universal life Maximum crediting rates used in illustrations for indexed universal life insurance often are unrealistic and “potentially damage the reputation of the entire life insurance industry,” according to MetLife, Northwestern Mutual and New York Life. The insurers called for curtailing such illustrations in a comment letter to the National Association of Insurance Commissioners’ Life Actuarial Task Force. InsuranceNewsNet online (12/23)