Subscribe

State crackdown could be the death of some universal life policies

Push for larger reserves could push some insurers right out of the business; vendors fighting back

State regulators have signaled a push for recalculating reserve requirements on a certain type of universal life insurance — which could lead to higher costs for policyholders as well as fewer carriers' selling the product.
A group of state insurance regulators last week approved a statement

Subscribe or log in to read the rest of this content.

Learn more about reprints and licensing for this article.

Recent Articles by Author

Stuck in the middle

Newly elected Finra board member whose firm is connected to a bribery scandal says the matter should have no effect on his ability to serve.

Fighting for market share in the LTC business

A handful of publicly held life insurers dominate the market for traditional long-term-care insurance, but mutual life insurers are beginning to make inroads with agents and financial advisers.

Breaking up is hard to do – especially with annuities

State regulators have signaled a push for recalculating reserve requirements on a certain type of universal life insurance…

Longevity insurance promising – but higher rates would help

State regulators have signaled a push for recalculating reserve requirements on a certain type of universal life insurance…

Long-term care: Cutting back coverage

When a 74-year-old client visited Ellen R. Siegel six years ago with news of an upcoming 12% rate increase on the premium of her long-term-care insurance, the adviser knew she had to navigate the potential benefit cuts with the precision of a surgeon.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print