Gerber Life Insurance CSO Mortality Table Transition

Gerber Life Update Important Changes to the Gerber Life Grow-Up® Plan, Young Adult and Guaranteed Life CSO Mortality Tables.   The National Association of Insurance Commissioners (NAIC) has adopted the 2017 Commissioners Standard Ordinary (2017 CSO) mortality tables. Life insurance policies are required to use the updated 2017 CSO Mortality Tables by January 1, 2020. Additionally Guaranteed Life Issue policies will continue to use the 2001 CSO Mortality Tables. As a result the following changes will be made: Grow-Up® Plan and Young Adult Grow-Up® Transitions to the 2017 CSO Mortality Tables All Grow-Up® Plan and Young Adult Grow-Up® policies issued
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Categories: Gerber Life, Industry News, and Life Insurance.

Reminder! Product portfolio changes and 2017 CSO updates

2017 CSO Updates: Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming
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Categories: Industry News, Linked Benefit/Hybrids, and Securian.

Changes to life product portfolio: 2017 CSO updates

Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming December 14, 2019)*
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Categories: Industry News, Linked Benefit/Hybrids, and Securian.