September 15, 2022
S&P Point to Point Cap Rate Will Increase for IUL Products*
S&P point to point index cap rate will increase to 9.0% with a max illustrated rate of 5.77%.
The S&P 500® point to point index cap rate is increasing to 9.0%, for both new and in-force business.
The increase does not apply to Provider/Ultra EIUL products AND it’s not for NY products.
It is time to take another look at our IUL portfolio of products
In their lifetime, clients will experience at least one of three things: die too soon, live too long, or get sick along the way. IUL permanent life insurance from National Life and LSW can help protect against all three.
Important Transition dates
- Rate changes will be effective in the illustrations systems on September 15.
- All funds received on or after September 15 will receive the new rates.
- This means all funds received between September 15 and October 14, which will be swept on October 14 will receive the new rates.
- In-force products with monthly sweep dates on the 21st, all funds received on or after September 22 will receive the new rates.
- This means all funds received between September 22 and October 21, which will be swept on October 21, will receive the new rates.
*There are no changes for NY products, and Provider/Ultra EIUL products.
