If you thought that 3% guaranteed minimum interest rates on annuities were only in the rearview mirror, think again.
Thanks to the interest rate increases we have seen from the Fed and in the bond market, chances are your company will be forced to increase your minimum guarantee – on the products you are selling today – to the 3% range.
It’s all because of what is required by two NAIC model regulations, together with the language used in your annuity contract filings.
Watch this replay of a recent live webinar to gain new insight into these regulations, what they are requiring you to do with your existing products, and some avenues available to decrease the riskiness of the interest rate guarantees going forward.
As always, we at Miller & Newberg are available to help you to optimize your products to the current competitive, regulatory, and interest rate environment. Just give us a call at 913-393-2522.