Posted by (American Life Insurance Guide 11/21/2020 訊）美國保監會制定的AG-49新一階段法規，將在2020年12月內正式生效。這一法規的實施，為指數市場投保人帶來了重大利好。
What is AG 49?
In the American Life Insurance Guide website January 2019News reportIt pointed out that AG 49 is the National Association of InsuranceDesign(Illustration, Also known as insuranceproposal) The actuarial standards issued are intended to allow life insurance companies to demonstrate their products in a more uniform and standardized manner.
AG 49 regulates the following 3 aspects:
- StandardizedIndex policyWhat can be usedDemonstrate the maximum value of the predicted interest rate;
- Standardize participationBorrowing rateusage of;
- Request more information;
The AG 49 industry standard was officially adopted in 2015 and implemented in multiple stages.AG 2020, which came into effect at this stage at the end of December 12, is a specification for the entire industry. The specification will further regulate and restrict the demonstration methods and values of lifetime insurance policies.
What are the benefits for policyholders?
The implementation of AG 2020 in the new phase at the end of 49 is undoubtedly good news for policyholders.
From the effective date, the calculations and insurance proposals of all index-type life insurance products on the market, and the above predictions show values, will becomeMore conservative.For policyholders, when making the decision to apply for an insurance policy, a more conservative insurance proposal meansLower risk and higher chance of achievement.
In general, the United States Insurance Regulatory Commission introduced a new stage of AG49, which further protects the rights and interests of policyholders.andThrough the management of "expectations", the US index-linked insurance products are also more "insurable."
Comparison of supplementary retirement income cases
ByLife Insurance Guide CommunityThe comparative data provided by professional brokerage firms revealed that a 40-year-old healthy man uses the same brand ofExponential life insuranceProduct, carry onRetirement incomePlanning and preparing to receive a pension after the age of 60 for 25 consecutive years.
The insured’s deposit plan isAnnual deposit of $3, continuous deposit for 10 years,Then inRetirement planningOn the policy design proposal ofWhat is the difference between the "predicted" annual retirement income?
Before December 2020, meet the AG12 specificationInsurance Design Proposal, Can be given out "prediction"The amount of retirement income is,Receive $82,628 per year; And after December 2020, those that meet the AG12 specificationInsurance design planProposal, which can be given out "prediction"The pension figure isReceive $60,643 per year.
From the same case comparison above, we can see that with the formal entry into force of AG49’s new-stage regulations and the adoption of more “conservative” predicted interest rates, policyholders can see from the design proposal when applying for an insurance policy "Forecast" to supplement the amount of retirement income,The insured’s expectations have been reduced by about a quarter.
It is worth mentioning that the design proposal is a "prediction" of the future. The amount that the insured can actually withdraw may be less than the predicted value, or it may be more than the predicted value. (End of full text)
