Life
The Academy’s Life Practice Council (LPC) is dedicated to providing policymakers and regulators with unbiased technical expertise.
From crafting principle-based regulatory frameworks to optimizing risk-based capital strategies, the LPC is at the forefront of innovation in the life insurance industry.
Capital
Life and annuity capital adequacy and recommendations to improve life Risk-Based Capital (RBC) requirements.
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Financial Reporting
Life insurance and annuity topics that involve financial reporting, with an emphasis on GAAP and international issues.
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Life Resources
Comment / Letter
Possible Structure Exposure Comment Letter
Leadership from RBC-related Academy committees provided some priority considerations in response to an NAIC RBC Model Governance (EX) Task Force exposure on proposed RBC oversight structures.
Comment / Letter
Request for Comments on the Draft Buyers Guide on Deferred Annuities
The American Academy of Actuaries Annuity Products Subcommittee submitted comments on the NAIC Draft Buyer’s Guide for Deferred Annuities, recommending clarifications, consolidation of redundant…
Comment / Letter
LPC Comments to LATF Request to Review VM Spreads & Defaults
The Life Practice Council commented to the NAIC Life Actuarial (A) Task Force’s (LATF) request regarding VM prescribed spreads and default costs.
Comment / Letter
C3 Field Test Specifications
The C-3 Subcommittee presented C-3 Field Test Specification revisions to the NAIC Life RBC Work Group.
Comment / Letter
NAIC LATF Request to Review VM Prescribed Spreads & Defaults
The Academy’s Life Reserves Committee responded to the NAIC LATF’s request to review the Valuation Manual prescribed default and spread methodology used in VM-20, VM-21, and VM-22, and either…
Comment / Letter
NAIC IUL and Premium Financing Comment Letter
The Academy’s Life Insurance Illustration Subcommittee offered the comments in response to the June 15, 2026, presentation made by NAIC Consumer Representative Dick Weber regarding IUL and premium…
Comment / Letter
Model 245 Summary Guide & Actuarial Guideline Flow Chart Exposure Question
The Annuity Products Subcommittee provided comments to the June 2, 2026, exposure of the List of Potential Modifications to Model 245 Summary Guide and Actuarial Guideline as Mechanism for…
Comment / Letter
VM-22 Retrospective Application Exposure Comment Letter
The Annuity Reserves and Capital Subcommittee (ARCS) submitted comments to the NAIC’s Life Actuarial (A) Task Force Valuation Manual (VM)-22 (A) Subgroup on the VM-22 Retrospective Application…
Comment / Letter
GIC Exposure Comment Letter
The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on VM-22 Application to GICs, Funding Agreements, SGICs, and Stable Value Contracts.
Comment / Letter