Effective September 1, 2015, the TransWare® and Winflex illustrations systems will reflect new Maximum Illustrated Rates for TransNavigator® IUL new business and inforce illustrations. The new Maximum Illustrated Rates are as follows:
|Prior to 9/1/2015||Effective 9/1/2015|
|S&P 500®Index Account||7.66%||6.86%|
|Global Index Account||9.03%||6.86%|
|S&P 500®Index Plus Account||9.14%||6.86%|
|Global Index Account Plus||10.00%||6.86%|
Transamerica has updated the maximum illustrated rates for all IUL products based on a new actuarial guideline, AG49. To learn more about AG49 and how it impacts IUL illustrations, please click the AG49 FAQ .
For IUL Applications Submitted Prior to September 1, 2015
All product features, including the caps and floors, are not changing. However, policies issued September 1st and after will include illustrations that utilize the new maximum illustrated rates and the hypothetical values could be lower than what you originally showed to your client.
IUL illustrations default to the maximum illustrated rate. However, the illustration software allows you the flexibility to lower the rate to the new maximum illustrated rate, or any rate between the floor and the maximum. To change the rate, please access: