Brian Lessing

  • However, we believe that all sections of the guideline should apply to all inforce life insurance illustrations after some effective date, regardless of when the policies were sold, since if the new limitations on the illustrated crediting rate are appropriate for new business, similar reasoning implies that they should also be appropriate for all inforce policies.

2015 0515 - Letter - AXA Equitable, Brian R. Lessing, to NAIC (LATF)

  • In considering the specific questions posed by the Subgroup, we found it helpful to take a step back, and to first consider two more fundamental questions:
  • (A) What is the purpose of illustrations? (p6-844)
  • Although illustrations can be used for many purposes, the following seem primary to us:
    • To help consumers understand the mechanics of products, that is, their features and how they will operate, as opposed to how they will perform, which can’t be predicted or estimated;  (p6-844)

2019 0310 - Letter - AXA Equitable, Brian R. Lessing, to NAIC (IULISG) - Indexed Universal Life Illustrations Subgroup - 2019-3, NAIC Proceedings

  • Brian Lessing (AXA Equitable):  difficulties….  Inforce Illustrations become a critical tool, not only for IUL, but for all …. They would be very helpful….adjusting premiums for example. [Bonk: Not in Proceedings]

2019 0312 - NAIC (IULISG) - IUL Illustration Subgroup