The Latest from DMI Insurance Companies

The two most significant developments from the last 24-hours in terms of new insurance cases were the accommodations for clients unable to complete paramed exams announced by Principal and Symetra.

Coming soon: New mortality table and reserving requirements for life insurance

Beginning Jan. 1, 2020, any new life insurance policy issued will need to use: The 2017 Commissioners Standard Ordinary (CSO) Table – a new mortality table used in product pricing, Principle-Based Reserving (PBR) – a new way of calculating reserves to pay future claims Policies that don’t meet these requirements will need to be issue-paid prior to Dec. 31, 2019