American National updated their Signature Whole Life product to be compliant with IRC 7702 on Wednesday, December 1st. The non-forfeiture rates update resulted in changes that are generally straightforward, seeing an improvement in Internal Rate of Returns (IRRs) in year 20 and a reduction in premiums when using a Guarantee Endowment at Maturity Benchmark. These adjustments are in line with protection focused products.
Rates were made available on the LifeTrends website on Friday, December 3rd.
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