Insurance Industry to Reduce Par Policies Illustrative Rates of Return

According to The Business Times: 3 Jun 21, insurance industry to reduce par policies illustrative rates of return. The Life Insurance Association (LIA) said on Wednesday that the upper bound for par policies’ projected rate of return will be reduced from 4.75 to 4.25 per cent; the lower bound will be revised from 3.25 to 3 per cent. (more…)