Effective May 23, 2018, the monthly modal factor is changing from .095 to .0875 in an additional 38 states. This is in addition to FL and NJ which already have the lower monthly modal factor. This will affect new business and active policies retroactive to their effective date with a refund of premiums.

Release announcement for additional information regarding:

  • The list of affected states
  • Newly revised illustration software
  • Notification to active policies
  • Refund of premiums