Life Insurance Valuation and Nonforfeiture Rates are Changing Again: What Does This Mean for Me?
Just a few years ago, January 1, 2022 to be precise, your company had to update all of its whole life products because the nonforfeiture interest rate was decreasing. A year prior to that, it had to update all of its reserve factors because the valuation interest rate was decreasing. Now, these rates are going …