Life Practice Council

Life Practice Council

The Life Practice Council oversees the Academy's public policy work on life insurance issues. The council manages the work of its committees, subcommittees, and work groups. The Academy's vice president for life insurance issues heads the council and serves on the Academy Executive Committee and Board of Directors.

Related Publications

Life Capital Adequacy Committee Letter to LRBC Working Group on Requirements for Long-Horizon Equity Investments

Life Capital Adequacy comment letter to the NAIC Life Risk-Based Capital Working Group on their exposure regarding requirements for long-horizon equity investments.   
Date Published: 09/20/2019
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LPC Update on YRT Field Test to LATF

Life Practice Council update on the Sept. 12 Life Actuarial (A) Task Force call regarding the YRT Field Test.   
Date Published: 09/12/2019
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Committee Letter to EBSA Regarding ERISA Advisory Council Report

Lifetime Income Risk Joint Committee letter to the Employee Benefits Security Administration regarding the ERISA Advisory Council Report.   
Topics: Benefits
Date Published: 09/11/2019
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Task Force Comment Letter on Additional Assumption Sensitivities

Longevity Risk Task Force comment letter to NAIC Longevity Risk (A/E) Subgroup on additional assumption sensitivities to the proposed longevity C-2 factors.   
Topics: NAIC
Date Published: 09/10/2019
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Work Group Comment Letter to NAIC on IUL Illustration Questions

Life Illustrations Work Group comment letter to NAIC IUL Illustration (A) Subgroup providing answers to questions on illustrations of Indexed Universal Life products under AG 49.   
Topics: NAIC
Date Published: 09/04/2019
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LRTF Update and Correlation Recommendation at NAIC Summer 2019 National Meeting

Longevity Risk Task Force update and correlation recommendation to the Life Risk-Based Capital (E) Working Group at the NAIC Summer 2019 National Meeting.  
Date Published: 08/03/2019
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LPC Update on YRT Field Test at NAIC Summer 2019 National Meeting

Life Practice Council update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.   
Topics: NAIC
Date Published: 08/02/2019
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Academy PBR Governance Update at NAIC Summer 2019 National Meeting

PBR Governance Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.  
Topics: Governance NAIC
Date Published: 08/02/2019
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LRWG Update at NAIC Summer 2019 National Meeting

Life Reserves Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.   
Topics: NAIC
Date Published: 08/02/2019
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SVL Interest Rate Modernization Work Group Update at NAIC Summer 2019 National Meeting

SVL Interest Rate Modernization Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting. 
Topics: NAIC
Date Published: 08/01/2019
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Life Experience Committee APF and Supplemental Comment Letter on VM-51 Data Elements

Life Experience Committee amendment proposal form and comment letter addressing revision to data elements in VM-51.   
Date Published: 08/01/2019
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ARWG Update at NAIC Summer 2019 National Meeting

Annuity Reserves Work Group update to the Life Actuarial (A) Task Force at the NAIC Summer 2019 National Meeting.   
Topics: NAIC
Date Published: 08/01/2019
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LPC Comment Letter on ASOP No. 2 Exposure Draft

Life Practice Council comment letter on proposed revisions to ASOP No. 2, Nonguaranteed Elements for Life Insurance and Annuity Products.  
Topics: Life Insurance
Date Published: 07/15/2019
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LPC Comment Letter to ASB on ASOP Exposure

Life Practice Council comment letter to the Actuarial Standards Board on the second exposure draft of the proposed Actuarial Standard of Practice, Setting Assumptions.  
Date Published: 07/08/2019
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Work Group Comment Letter on IUL Products to NAIC

Life Illustrations Work Group comment letter to NAIC in response to questions on the illustrations of Indexed Universal Life products under Actuarial Guideline 49.   
Topics: NAIC
Date Published: 06/28/2019
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Work Group Comment Letter on Illustrations for IUL Products under AG 49

Life Illustrations Work Group comment letter to NAIC IUL Illustrations (A) Subgroup on the exposed menu of options regarding illustrations for Indexed Universal Life products under Actuarial...
Topics: NAIC
Date Published: 06/27/2019
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Work Group Update on Review of Life Mortality RBC

C-2 Work Group update to the NAIC Life Risk-Based Capital Working Group for the working group's June 24 conference call.   
Date Published: 06/25/2019
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Life Practice Council Comment Letter on ASOP No. 22 Exposure

Life Practice Council comment letter to Actuarial Standards Board on December 2018 exposure draft of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life or Health...
Date Published: 05/29/2019
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Task Force Comment Letter to NAIC on Proposed Approach to Incorporating an RBC Charge for Longevity Risk

Longevity Risk Task Force comment letter to the NAIC Longevity Risk (A/E) Subgroup on a proposed approach to incorporating an RBC charge for longevity risk.   
Topics: NAIC
Date Published: 05/22/2019
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LPC Comment Letter on Proposed Modeling ASOP

Life Practice Council comment letter to Actuarial Standards Board on the fourth exposure draft of the proposed new actuarial standard of practice for modeling.   
Date Published: 05/15/2019
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