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

Work Group Presentation on Non-Variable Annuity PBR

Annuity Reserves Work Group presentation on its work related to issues that need to be modified for non-variable annuities to the Life Actuarial Task Force. 
Topics: Annuities
Date Published: 08/05/2017
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Work Group Report to LATF on Interest Rate Modernization

Standard Valuation Law Interest Rate Modernization Work Group presentation to the NAIC's Life Actuarial Task Force (LATF) summarizing its activities on its new project to modernize the process of...
Topics: Annuities NAIC
Date Published: 08/05/2017
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Life Experience Committee Report on Simplified Issue Composite Mortality Tables

Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group report to the Life Actuarial Task Force on the 2017 simplified issue composite mortality tables. 
Date Published: 08/04/2017
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Life Experience Committee Presentation on Simplified Issue Table and Report

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on the 2017 simplified issue composite mortality tables to the Life...
Date Published: 08/04/2017
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Committee Amendment Proposal Form on Guaranteed Issue under PBR requirements

Life Experience Committee amendment proposal form to the NAIC's LIfe Actuarial Task Force to implement guaranteed issue mortality tables under principle-based reserve requirements. 
Topics: NAIC
Date Published: 08/04/2017
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Committee Amendment Proposal Form on Guaranteed Issue under Current Requirements

Life Experience Committee amendment proposal form to the NAIC's Life Actuarial Task Force to implement guaranteed issue mortality tables under current formula requirements. 
Topics: NAIC
Date Published: 08/04/2017
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Life Experience Committee Presentation on Guaranteed Issue Report

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on the guaranteed issue report and amendment proposals to the Life...
Date Published: 08/04/2017
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Life Experience Committee Presentation on Simplified Issue and Accelerated Underwriting

Mary Bahna-Nolan, chairperson of the Academy's Life Experience Committee and SOA Preferred Mortality Oversight Group, presentation on PBR valuation considerations and recommendations related to...
Date Published: 08/04/2017
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Claim Reserve Assumption Basis for Long-Term Disability Policies

Tax Work Group issue brief on the implications of calculating tax-deductible claim reserves based on incurral date versus issue date for long-term disability insurance policies.  
Date Published: 07/28/2017
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Work Group Comments on Proposed RBC Requirements for Real Estate

C1 Work Group comments to the NAIC's Investment Risk-Based Capital Working Group (IRBC) on their recent proposal on RBC requirements for real estate. 
Date Published: 07/24/2017
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Academy Interest Rate Generator: Frequently Asked Questions (FAQ)

Updated list of frequently asked questions regarding the Version 7 of the joint Academy-SOA Interest Rate Generator for life insurance products.  
Topics: Life Insurance
Date Published: 07/17/2017
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Comments on Future Experience Study Data Elements

Accelerated Underwriting Project Oversight Group (reporting to the Academy's Life Experience Committee and SoA's Preferred Mortality Oversight Group) comments to NAIC's Life Actuarial Task Force...
Topics: NAIC
Date Published: 07/14/2017
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Work Group Report to LATF on Nonforfeiture Modernization

Nonforfeiture Modernization Work Group report to the NAIC's Life Actuarial Task Force (LATF) summarizing its activities, recommendations and conclusions, and items that have not yet been...
Topics: NAIC
Date Published: 07/07/2017
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Life Insurance and Annuities: The Impacts of Regulatory Requirements on Consumer Cost and Choice

Government Mandates Work Group issue brief providing information on the impact of laws and regulations on consumer cost and consumer choice for annuity and life insurance benefits. 
Date Published: 06/15/2017
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Work Group Update on Corporate Bond RBC Factors

C1 Work Group comments to the NAIC with revised recommendations on corporate bond risk-based capital (RBC) factors based on changes to the representative portfolio. 
Date Published: 06/08/2017
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Work Group Comments to ASB on Principle-Based Reserve ASOP Exposure Draft

PBR Governance Work Group comments to the Actuarial Standards Board (ASB) on the exposure draft for a new ASOP, Principle-Based Reserves for Life Products. 
Date Published: 05/31/2017
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Life Principle-Based Reserves Under VM-20

Life Principle-Based Approach Practice Note Work Group practice note to assist actuaries with the implementation of the principle-based life reserve valuation approach adopted by the NAIC as detailed...
Topics: NAIC
Date Published: 05/18/2017
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Work Group APF on VM-20 Language on Policy Loans and Separate Account Assets

Life Reserves Work Group amendment proposal form to the National Association of Insurance Commissioners Life Actuarial Task Force regarding the VM-20 wording on modeling of policy loans and separate...
Date Published: 05/12/2017
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Work Group Comments on Exposed APF for Section 2G in VM-20

Life Reserves Work Group comments on the National Association of Insurance Commissioners' (NAIC) Life Actuarial Task Force exposed amendment proposal form related to VM-20 Section 2G on model...
Topics: NAIC
Date Published: 05/02/2017
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Work Group Comments on Exposed APF for VM-20 Definitions

Life Reserves Work Group comments on the National Association of Insurance Commissioners' (NAIC) Life Actuarial Task Force exposed amendment proposal form related to additional definitions under...
Topics: NAIC
Date Published: 05/02/2017
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