How to make life insurance products better in a rising-rate environment

It seems like the insurance industry has been on a wild ride over the last 10 years: record low interest rates, tax and regulatory changes, the rise of fintech—and we’re not done.

This year, insurers are implementing new reserve rules (the Life Insurance Capital Adequacy Test, or LICAT) and planning a full implementation of International Financial Reporting Standards accounting rules by Jan. 1, 2021, which will significantly impact level COI and limited-pay universal life (UL) plans, as well as other similar guaranteed products.

Continued: https://www.advisor.ca/insurance/life/how-to-make-life-insurance-products-better-in-a-rising-rate-environment-251754