Zurich Update – AG49

//Zurich Update – AG49
Dear Producers,
On August 13th, Zurich sent an announcement regarding the implementation of Actuarial Guideline 49 (AG49). AG49 standardizes how Indexed Universal Life illustrations are illustrated and compared, and provides consistency in setting maximum illustrative rates for various index interest accounts.

Effective August 31, 2015: New Maximum Illustration Rates
Below are Zurich’s maximum illustrative rates for each of our Index Interest Accounts:

08_24_2015 Affluent Markets New Maximum Illustration Rates Body Image 473x234.jpg

*Not available in New York

Remember, these changes only impact how IUL policies are illustrated and DO NOT impact the way Zurich’s products perform.

Transition Rules
A new signed illustration will only be required if:

1) The existing signed illustration uses an illustrative rate higher than the maximum illustrative rate as defined by AG49.

AND

2) The policy’s initial premium and final delivery requirements have not been received by Zurich in good order by August 31, 2015.

By | 2017-07-11T00:53:02+00:00 August 25th, 2015|Others|Comments Off on Zurich Update – AG49

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This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.