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

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.
Date Published: 06/11/2026
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Exposure of Proposed RBC Preamble Revisions Comment Letter

The Cross-Practice RBC Task Force submitted comments on the NAIC's exposure of proposed revisions to the RBC Preamble.
Date Published: 06/08/2026
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LPC Submits Comments to the ASB on ASOP 41

Comment letter from the Life Practice Council Committees and Subcommittees, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 41, Actuarial Communications.
Date Published: 06/04/2026
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Comment Letter on Model 245 Exposure

The Life Products Committee submitted exposure questions regarding Model #245 to the NAIC Life Insurance and Annuities Illustration (A) Working Group.
Date Published: 05/19/2026
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C-2 Longevity Discussion Topics for 2026 Plan

The Longevity Risk Task Force submitted C-2 discussion topics for 2026 to the NAIC Longevity Risk (E/A) Subgroup.
Date Published: 05/07/2026
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C-1 Subcommittee Update on CLO C-1 Factors Modeling—Residual Tranches and Portfolio Adjustment Factors

C-1 Subcommittee Chairperson Steve Smith gave an update on Residual Tranches and Portfolio Adjustment Factors in the collateralized loan obligation (CLO) comparable attributes project to the...
Date Published: 05/06/2026
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Annuity Buyer's Guide Comments

The Life Products Committee submitted comments to the NAIC's Annuity Buyer’s Guide (A) Working Group on the Working Group's recent draft Buyer's Guide on Deferred Annuities.
Topics: Annuities Life NAIC
Date Published: 04/17/2026
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LPC Gives Update to LATF at NAIC Spring Meeting

The Academy gave an update on Life Practice Council (LPC) activity to the NAIC’s Life Actuarial (A) Task Force (LATF) at NAIC’s Spring National Meeting in San Diego.
Topics: Life
Date Published: 03/26/2026
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Life Products Committee Comments to NAIC

The Life Products Committee sent a comment letter to the NAIC’s Life Insurance and Annuity Illustrations (A) Working Group on annuities issues from the working group’s February meeting.
Topics: Life
Date Published: 03/24/2026
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C-1 Subcommittee Presents at NAIC on CLO Project

C-1 Subcommittee Chairperson Steve Smith gave an update on the collateralized loan obligation (CLO) comparable attributes project to the NAIC’s Risk-Based Capital Investment Risk and Evaluation...
Date Published: 03/23/2026
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Comments on VM-22 GIC Funding

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on an exposure regarding VM-22 Funding Agreements GIC Stable Value.
Date Published: 03/19/2026
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Comments on VM-22 Aggregation

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on APF 2025-20 regarding VM-22 Aggregation.
Date Published: 03/19/2026
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Comments on VM-22 Settlement Options

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on an exposure regarding APF2025-19 VM-22 Settlement Options.
Date Published: 03/19/2026
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Comments on Proposed IUL Drafting Group

The Life Products Committee submitted a comment on the exposed question on nonforfeiture clarifications. In particular, the Committee offered support of the formation of a drafting group to consider...
Date Published: 03/12/2026
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Comments on VM-22 In-Force Questions

The Annuity Reserves and Capital Subcommittee submitted a comment letter in response to the Life Actuarial (A) Task Force’s VM-22 In Force Questions exposed during the 2025 Fall National Meeting
Date Published: 03/12/2026
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Comments on Illiquidity Spreads in PBR Calculations

The Annuity Reserve and Capital Subcommittee submitted comments on principles for applying an Illiquidity Spread in PBR calculations to the NAIC’s Life Actuarial (A) Task Force.
Date Published: 03/11/2026
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7702, Valuation Rate, and Applicable Federal Interest Rate Calculator

The Academy’s Tax Committee has developed general reference spreadsheets to assist actuaries who wish to explore the calculation of the Internal Revenue Code (IRC) Section 7702: Minimum Interest...
Date Published: 02/17/2026
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Comments to Cayman Islands Monetary Authority

The Academy’s Risk Management and Financial Reporting Council and Life Practice Council submitted a joint comment letter to the Cayman Islands Monetary Authority in response to a recent...
Date Published: 02/17/2026
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Fixed Indexed Annuities—Product Mechanics and Risk Management

A new paper from the Academy’s Life Experience Committee offers actuaries an overview of fixed indexed deferred annuities, covering product features, underlying investments, modeling assumptions,...
Date Published: 02/04/2026
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Comments to PRT Reinvestment Guardrail Exposure

The Life Practice Council’s Annuity Reserves and Capital Subcommittee submitted comments to the Life Actuarial (A) Task Force on a recent exposure requesting discussion on the VM-22 investment...
Date Published: 01/23/2026
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