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:

*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.

Zurich Update – AG49

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