Effective January 15, cap rates on all money received for the S&P 500 Point-to-Point Cap Focus strategies will increase to 9.25%.
This increase applies to FlexLife, PeakLife, SummitLife and SurvivorLife IUL products, except in New York, where rates will remain the same.
This will bring the max illustrated rate to 5.92% when using the S&P 500 Cap Focus, Balanced Trend uncapped, and US Pacesetter uncapped strategies.
Along with this change, interest paid on Systematic Allocation and Basic Strategy on LSW Summit Life will be 2.40%.
Illustration systems will be updated on 01/15/2023.