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

Presentation on Recent Modeling Efficiency Survey

Modeling Efficiency Work Group presentation to the Life Actuarial Task Force of the results of a modeling survey conducted in 2012.  
Date Published: 08/22/2013
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Update on Nonforfeiture Treatment of Certain Fixed Deferred Annuities

Nonforfeiture Modernization Work Group update to the Life Actuarial Task Force regarding nonforfeiture treatment of certain fixed deferred annuities under the proposed gross premium nonforfeiture...
Topics: Annuities
Date Published: 08/22/2013
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Presentation on Potential VM-22 Reserve Methodology

Annuity Reserve Work Group presentation to the Life Actuarial Task Force on potential reserve methodology for non-variable annuities in VM-22.  
Topics: Annuities
Date Published: 08/22/2013
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Report on Potential VM-22 Reserve Methodology

Annuity Reserve Work Group report to the Life Actuarial Task Force on potential reserve methodology for non-variable annuities in VM-22.  
Topics: Annuities
Date Published: 08/22/2013
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Aggregate Margin Proposal for VM-20 Presentation

Aggregate Margin Task Force presentation of proposal to replace individual margin in VM-20 with aggregate margin approach.  
Date Published: 08/22/2013
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Aggregate Margin Proposal for VM-20

Aggregate Margin Task Force proposal to replace individual margin in VM-20 with aggregate margin approach.  
Date Published: 08/22/2013
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VM-20 Scope Amendment Proposal

Life Reserve Work Group amendment proposal to the Life Actuarial Task Force regarding treatment of individually underwritten certificates issued under a group life insurance contract.  
Topics: Life Insurance
Date Published: 08/22/2013
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Treatment of Due Premiums Amendment Proposal

Life Reserve Work Group amendment proposal to the Life Actuarial Task Force regarding treatment of due premiums in VM-20 reserve calculation.  
Date Published: 08/22/2013
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LRWG Treatment of Due Premiums Amendment Proposal

Life Reserve Work Group amendment proposal to the Life Actuarial Task Force regarding treatment of due premiums in VM-20 reserve calculation.  
Date Published: 08/22/2013
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Letter of Credit Amendment Proposal

Life Reserve Work Group amendment proposal to the Life Actuarial Task Force regarding treatment of letters of credit and other similar assets in the VM-20 reserve calculation.  
Date Published: 08/22/2013
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C1 Work Group Comment Letter to NAIC on Common Stock Proposal

Comment letter from the C1 Work Group to the NAIC Investment Risk-Based Capital Working Group on Illinois’ common stock proposal for C1 Risk-based Capital.    
Date Published: 07/24/2013
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Academy Annuity Presentation at NCOIL Meeting

Senior Life Fellow Nancy Bennett presentation to a National Conference of Insurance Legislators panel on annuities regulation at its summer meeting.   
Topics: Annuities
Date Published: 07/13/2013
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Capitol Hill Briefing Presentation—Risky Business: Living Longer Without Income for Life

Capitol Hill briefing presentation that examines the financial risks of increased lifespans and the need for retirees to secure lifetime income.
Date Published: 06/27/2013
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Risky Business: Living Longer Without Income for Life

Discussion paper by the Lifetime Income Risk Joint Task Force that examines the importance of a secure income that lasts an entire lifetime.
Date Published: 06/19/2013
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Subgroup Comments on NAIC Legislative and Educational Briefs on PBR

PBR Strategy Subgroup comment letter to the NAIC Principle-Based Reserving Implementation (EX) Task Force on the May 9 drafts of the PBR legislative and educational briefs.    
Date Published: 06/11/2013
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Equity Return Calibration Criteria Presentation

Presentation to the NAIC C-3 Phase II/AG 43 Subgroup on equity return calibration criteria for variable annuity reserve valuation.   
Topics: NAIC
Date Published: 06/04/2013
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Comment on NAIC PBR Draft Implementation Plan

Life Practice Council comment letter to the NAIC Principle-Based Reserving Implementation (EX) Task Force praising additional language in the April 3 NAIC PBR Draft Implementation Plan and offering...
Date Published: 05/06/2013
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Additional PBR Strategy Subgroup Comments on NAIC Legislative Brief

PBR Strategy Subgroup comment letter to the NAIC Principle-Based Reserving Implementation (EX) Task Force regarding the potential impact of PBR in its draft legislative brief.    
Date Published: 05/06/2013
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PBR Strategy Subgroup Comments on NAIC Legislative Brief

PBR Strategy Subgroup comment letter to the NAIC Principle-Based Reserves (EX) Task Force on its legislative brief outlining the ramifications of the Standard Valuation Law for state legislatures....
Topics: NAIC
Date Published: 04/22/2013
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Report on Modeling Efficiency Techniques in U.S. Life Insurance Industry

Report on the results of a survey of modeling efficiency techniques among U.S. life insurers in 2012. 
Topics: Life Insurance
Date Published: 04/18/2013
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