Product

Life and annuity product features and their design.

Product

Product

Life and annuity product features and their design.

Life Committee News

ASB Approves Exposure of Proposed ASOP on Principle-Based Reserves for Life Products

The ASB approved an exposure draft of a proposed new ASOP titled Principle-Based Reserves for Life Products. The proposed ASOP will apply to actuaries when performing actuarial services on behalf of…
Topics: ASB News
Date Published: 04/14/2017
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Product Resources

Comment / Letter

SAWG Comments on NAIC Draft Recommendation on Separate Accounts

Separate Account Products Work Group (SAWG) comments on the December 20, 2012 document, “Review of Non-Variable, Insulated Products/Product Characteristics with Proposed Recommendations” exposed on…
Topics: NAIC
Date Published: 03/25/2013
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Comment / Letter

Comments on NAIC Buyer’s Guide

omments by the Annuity Illustration Subgroup to the NAIC Annuity Disclosures (A) Working Group on the November 28, 2012 draft of the Buyers Guide for Deferred Annuities.
Topics: Annuities NAIC
Date Published: 01/18/2013
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NAIC Report

Guaranteed Nonforfeiture Basis Factor Assumptions Presentation

Nonforfeiture Modernization Work Group Guaranteed Nonforfeiture Basis Factor presentation of its report to the Life Actuarial Task Force at the NAIC Fall 2012 National Meeting.
Topics: NAIC
Date Published: 11/27/2012
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NAIC Report

Update Regarding General Revision of Life and Annuity Standard Nonforfeiture Laws

Nonforfeiture Modernization Work Group presentation to the NAIC Life Actuarial Task Force regarding a general revision of the life and annuity standard nonforfeiture laws.
Topics: NAIC
Date Published: 08/09/2012
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Comment / Letter

C-3 Phase II/AG43 Comment Letter

Actuarial Guideline 43/C-3 Phase II Work Group comments to the NAIC C-3 Phase II/AG 43 Working Group regarding their current deliberations.
Topics: NAIC
Date Published: 06/15/2012
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NAIC Report

NFIWG Quarterly Update

Nonforfeiture Improvement Work Group’s quarterly report to the NAIC’s Life Actuarial Task Force at the NAIC’s Spring National Meeting.
Topics: NAIC
Date Published: 03/01/2012
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Comment / Letter

CAIWG Comment Letter to NAIC Subgroup

Comment letter to the NAIC’s Contingent Deferred Annuity (A) Subgroup with an analysis comparing market returns for contingent deferred annuities and self insurance.
Topics: Annuities NAIC
Date Published: 02/15/2012
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NAIC Report

VM-20 Transition Period APF

Tax WG and the Nonforfeiture Improvement WG’s amendment proposal form to LATF VM-20 transition period, maximum nonforfeiture interest rate, nonforfeiture references to mortality tables, VM-02…
Topics: NAIC
Date Published: 01/04/2012
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NAIC Report

Annuity Illustration Work Group Letter on NAIC Annuity Disclosure Model Regulation

Annuity Illustration Work Group letter to the NAIC’s Annuity Disclosure Working Group regarding the Annuity Disclosure Model Regulation.
Topics: NAIC
Date Published: 05/20/2011
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Comment / Letter

AIWG Comments on NAFA Annuity Disclosure Model Reg

Annuity Illustration Work Group comment reviews on the Annuity Disclosure Model Regulation submitted by the National Association for Fixed Annuities (NAFA) and recommended changes in response to…
Topics: Annuities NAIC
Date Published: 04/28/2011
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