Kitces.com “NY Insurance Regulation 187: Are Life Insurance Policy Illustrations Too ‘Misleading’ For Comparison Purposes?”

Kitces.com “NY Insurance Regulation 187: Are Life Insurance Policy Illustrations Too ‘Misleading’ For Comparison Purposes?”

In this guest post, Barry Flagg, an insurance expert and founder of Veralytic (which publishes pricing and performance research on life insurance policies), explores the details of the new NY DFS Regulation 187, the fundamental problems with life insurance policy illustrations (especially when used for comparison purposes), what Regulation 187 will require for life insurance due diligence in the future, and how fiduciary advisors must adjust when doing their own due diligence on behalf of clients.

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