Regulation 7702 - General
Regulation 7702 - NLG Specific
SIUL
Technical Updates
Miscellaneous
100

The effective date of Congress' 7702 changes.

What is January 1st, 2021?

100

This is the date NLG has launched 7702 compliant product chagnes.

When is May 1st, 2021?

100

This is the product name for NLG's new SIUL product.

What is SurvivorLife?

100

These are the states that NLG's new SIUL is available in.

What are all the states, except for New York?

100

This is the Indexing Strategy NLG is discontinuing effective May 1st.

What is the Hang Seng Indexing Strategy?

200

States that are impacted by Regulation 7702 changes.

What are ALL STATES?

200

These are NLG's products that are impacted by Regulation 7702 changes.

What are Flexlife, Peaklife, BasicSecure and LivingLife by Design?

200

This is the date that NLG's new SIUL product launches.

When is May 1st, 2021?

200

This is the starting line code in Mainframe for an LSW SIUL product.

What is the LINN5?

200

This is the new way BST would like you to send them requests.

What is a special BST Service NOW ticket?

300

Regulation 7702 did this to interest rates used to calculate insurance contract values.

What is.... lowered them?

300

This is the deadline for submitting rewrite requests for policies issued in 2021, but prior to April 30th, who would like to take advantage of these new guidelines.

When is July 1st, 2021?

300

This is how many insured lives can be covered with an SIUL product.

How many is two?

300

This is the screen in Mainframe for the second insured.

What is the SUCI screen?

300

This is the answer you give to someone who asks if the new SIUL product is available in eAPp.

What is 'No'?

400

These two aspects of insurance product measurement have changed due to Regulation 7702.

What are MEC limits and Guideline (GPT/CVAT) limits?

400

An application that is dated 5/3, but the agent wants to use old guideline rates, this code is used.

When do you put a '20' as the SPECIAL OFFER YEAR field?

400

These are specific riders present on SIUL products.

What are the 'Estate Preservation Rider', 'Policy Split Option Rider', and the 'Survivor Protection Rider'?

400

These are how many ABRs are available on the new SIUL product at issue.

How many is zero ABRs?

400

This is how you get an illustration ran with OLD product features after 5/1?

What is the KANZ message in NBA titled '7702 Illustration Requests'?

500

The two impacts to illustrations that agents can now run for their clients.

What are increased funding limits and lower face amount solves?

500

This is how I can tell if the illustration I have is for the right product/7702 guidelines.

What is the footer (2019 Series/2020 Series R 7702-21) at the bottom of the Illustration used for?

500

These are some of the purposes of designing an SIUL for clients.

How can you do estate and wealth transfer planning?
How can you get insurance coverage for an otherwise uninsurable person?

500

This is how many illustrations you need to issue the SIUL product.

How many is 2 illustrations (one for each individual insured)?

500

This is the situation where we would require a Indexing Strategy selection.

What do you do with a case that is submitted prior to April 30th, with Hang Seng selected as the strategy, but are electing to use the new 7702 guidelines?