Interest-Related Policy Changes Coming 08/01/21

The ongoing low interest rate environment makes it necessary to effect changes that will impact inforce Indexed Universal Life (IUL) policyholders. Effective August 1, 2021, the following changes will be made:

• Index Credit Bonus – Indexed UL policies issued in 2019 and prior
  These policies have an index credit bonus in policy years 11+ that is reduced by 10% from current levels. The applicable products are: Eclipse IUL, Eclipse Protector IUL, Eclipse Survivor IUL, Eclipse Survivor Pro IUL, Omega Builder IUL & Orion IUL.

Our inforce illustration system will be updated when these changes take effect on August 1. The Inforce Case Design Team will respond to illustration requests received in advance of August 1; however, turnaround times may be extended.