The impact of AG 38: Product changes highlighted in the latest Due Care Update

As noted in the latest M Financial Due Care Update, earlier this year, the National Association of Insurance Commissioners (NAIC) announced the planned implementation of revised AG 38 reserve requirements for products with secondary guarantee benefits, such as no-lapse guarantee (NLG) universal life and including guarantee riders contained in UL, VUL, and IUL products. The revised requirements go into effect on January 1, 2013. For more information on the revised AG 38 requirements, defer to the Due Care Update published on September 7.


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