Applying illustration changes to old policies would create a lot of potential confusion, on replacement policies, for example, said Brian Bayerle, senior actuary for ACLI.

Aggressive recommendations previously made on indexed universal life were likely to cause disappointment. Where do IUL illustrations stand?

The life insurance industry continues to be deeply divided over the content of illustrations agents use in selling indexed universal life insurance (IUL). The differences are outlined in comments ...

Indexed universal life (IUL) insurance ties cash value growth to market indexes, offering potential for higher returns than fixed-rate policies. Caps and participation rates limit gains, but ...

NAIC Actuarial Guideline 49 was introduced to provide uniform guidance to indexed universal life illustrations.

Commentary: The guidelines establish a uniform methodology that must be followed in determining the maximum annual rate of index-based interest that can be used to calculate policy values in indexed ...

New rules that go into effect for indexed universal life insurance products next month demonstrate the need for going beyond illustrations when determining a policy's value for a client. The ...

Illustrations for indexed universal life (IUL) products do cap the crediting rates, and that makes use of unusual investment index options rare in the world of IUL products, the center says.

Rules governing indexed universal life insurance may not go far enough Recent rules have led to some improvements in policy illustrations, but observers still see room to make them even better.