Author: N C, 2021-06-22

NAIC Work Group to Better Regulate Index-Linked Annuities

The National Association of Insurance Commissioners has created a task force for index-linked annuity products.  RILA’s are very popular now, so regulators have stepped in for consumer protection purposes.

According to Insurance News Net, “Regulators gave the Index-Linked Variable Annuity Subgroup a 2021 charge to: Provide recommendations and changes, as appropriate, to nonforfeiture, or interim value requirements related to Index-Linked Variable Annuities.”  

Read more on how RILA’s offer better pricing, click here.