celiothrkn
Expert
- 28
When all the carriers transition from the 2001 CSO Mortality Table to the 2017 CSO Mortality Table (by Jan 1, 2020), how will that impact in-force policies? If it does indeed impact in-force, then would carriers retroactively adjust COIs on issued policies or is it go-forward starting Jan 1, 2020?
I've seen lots of carriers (particularly term carriers) advertising a drop in premium rates because of the move from 2001 to 2017, although none of them have stepped out to say how much COIs are dropping. Frankly I've also heard that the new CSO is terrible for accumulation plays such as IULs.
I've seen lots of carriers (particularly term carriers) advertising a drop in premium rates because of the move from 2001 to 2017, although none of them have stepped out to say how much COIs are dropping. Frankly I've also heard that the new CSO is terrible for accumulation plays such as IULs.