The Life Actuarial Task Force wants to know: Can it make anyone who cares about indexed universal life insurance performance illustrations happy?
The task force — an arm of the National Association of Insurance Commissioners — is asking anyone interested in the topic for advice on what it should do.
The answers are due Sept. 6.
What It Means
Regulators might change how life insurers and agents can describe certain types of cash value life insurance policies, but they might not.
Indexed Universal Life Insurance
A new indexed universal life insurance policy is an insurance product designed to stay in force up to age 120.