As retained asset accounts (RAA’s) come under scrutiny from regulators & legislators, changes will be made. In the meantime, the National Association of Insurance Commissioner’s (NAIC) has posted a guide to Retained Asset Accounts & Life Insurance – What Consumers Need to Know About Life Insurance Benefit Payment Options. This guide includes a description of Retained Asset Accounts, Key Questions and other information.
California Life and Disability Insurance Analyst
Author: Questions and Answers on Life Insurance