Material Change to trigger Guideline reduction

Home Forums Life Material Change to trigger Guideline reduction

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #4839
    Adrienne Jordan
    Participant

    What constitutes a “material change” with respect to partial withdrawals and their affect on guideline premium reductions? Is there an industry consensus or legal definition of “material change” in this regard?

    #4849
    Chuck Ritzke
    Participant

    I know of no exception to a reduction in benefits causing a reduction in the guidelines, even if caused by a withdrawal (although I could have missed it without more in-depth reading of LIME and the regs, etc).

    Also FYI, I think that for purposes of the tax regs, “material change” definition is limited to increases in benefits., so you probably don’t want to use that term in this context.

     

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.