Whole life insurance - fee disclosure

[AlbanyConsultant]

What kind of disclosures need to be provided for whole life insurance policies? I've not been able to find anything concrete. Thanks.

[Belgarath]

Provided by whom, and for what purpose? Do you mean for the new participant-directed DC plan fee disclosures? Or regular life insurance company disclosures mandated by State banking and insurance laws?

I'm assuming you mean the former. And I don't think there is any concrete discussion of this. I'd first ask the insurance company, as any company selling insurance in plans will need to be able to provide this for their customers. Beyond that, I think I'd look at the DOL model disclosure "comparative chart" and try to toggle something together based upon the annuity requirements, in conjunction with whatever you get from the insurance company. Good luck!