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

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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C-3 Phase I and Phase II Updates

The Life Practice Council’s C-3 and Variable Annuity Reserves and Capital subcommittees submitted comments on recent NAIC groups’ C-3 exposures.
Date Published: 01/08/2026
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LPC Updates LATF at NAIC Fall Meeting

The Life Practice Council (LPC) gave an update on its activities to the NAIC’s Life Actuarial (A) Task Force (LATF) at the NAIC Fall National Meeting in Hollywood, Fla.
Topics: Life
Date Published: 12/08/2025
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Subcommittee Comments to LATF on VM-22 Settlement Options

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s (LATF) VM-22 Subgroup on VM-22 Settlement Options.
Date Published: 12/04/2025
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Index-Linked Variable Annuity (ILVA)/Registered Index-Linked Annuity (RILA) Policy Paper

The Index-Linked Variable Annuity Subcommittee released the Index-Linked Variable Annuity (ILVA)/Registered Index-Linked Annuity (RILA) Policy Paper, a policy paper that presents a description of...
Date Published: 12/02/2025
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ESG Subcommittee Comments to NAIC on GOES Exposure

The Economic Scenario Generator (ESG) Subcommittee submitted comments on the recent Generator of Economic Scenarios (GOES) exposures, including considerations and recommendations, to the NAIC’s...
Date Published: 11/24/2025
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Subcommittee Comments to NAIC on VM-22

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s VM-22 Subgroup on the VM-22 Aggregation Exposure.
Date Published: 11/18/2025
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Subcommittee Submits APF to LATF

The Life Reserves Subcommittee submitted an Amendment Proposal Form (APF) on the Discount Rate for VM-20 Stochastic Reserve to the NAIC's Life Actuarial (A) Task Force (LATF).
Topics: Life
Date Published: 11/13/2025
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Practice Councils Comment to NAIC on Revised RBC Principles

The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Practice Council submitted a joint comment letter to the NAIC’s...
Date Published: 10/24/2025
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LPC Comments to LATF on AG 55

The Life Practice Council (LPC) submitted comments and recommendations to the NAIC’s Life Actuarial (A) Task Force (LATF) regarding the Actuarial Guideline 55 (AG 55) Template Exposure.
Topics: NAIC
Date Published: 10/16/2025
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Life Illustrations Subcommittee Comments to NAIC

The Life Illustrations Subcommittee provided comments to LATF and the NAIC’s Life and Annuity Illustration (A) Subgroup regarding the exposed APF 2025-XX Illustrations.
Topics: NAIC
Date Published: 10/16/2025
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Comments to NAIC Groups Regarding the LRBCWG/VACRSG Exposure

The C-3 Subcommittee and Variable Annuity Reserves and Capital Subcommittee provided comments to the NAIC’s Life Risk-Based Capital (E) Working Group (LRBCWG) and to the Variable Annuities Capital...
Topics: Life NAIC
Date Published: 09/18/2025
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C-3 Subcommittee Presents to NAIC on C3 Alignment

The C-3 Subcommittee provided an update on C3 Alignment to NAIC's Life Risk-Based Capital (E) Working Group meeting.
Topics: Life
Date Published: 09/11/2025
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Subcommittee Comments on AG49-A to LATF

The Life Illustration Subcommittee submitted comments to NAIC's Life Actuarial (A) Task Force (LATF) on recent amendments to APF AG 49-A Section 7.
Topics: Life
Date Published: 09/09/2025
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