Academy Resources
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Date Published: 09/23/2024
Date Published: 09/23/2024
Committee Releases Resource and Discussion Guide on Guaranteed Living Benefits
The Life Experience Committee released a resource and discussion guide, Utilization Assumptions of Guaranteed Living Benefits for Deferred Annuities. The guide suggests some reasons why there may be… Download
Comment / Letter
Subcommittee Comments to Variable Annuities Capital and Reserve Subgroup
The Variable Annuity Reserves and Capital Subcommittee sent comments to the NAIC’s Variable Annuities Capital and Reserve (E/A) Subgroup on the exposure draft of APF 2024-07 that proposes updates… Download
Issue Brief
Experience-Sharing Lifetime Income Issue Brief
Issue brief authored by the Lifetime Income Joint Risk Committee considering Experience-Sharing Lifetime Income (ESLI), a retirement income approach that shares features of both lifetime annuities… DownloadDate Published: 06/28/2023
Committee Releases Issue Brief on ESLI
The Lifetime Income Joint Risk Committee released Experience-Sharing Lifetime Income (ESLI), an issue brief considering a retirement income concept now being used in many other countries, which… DownloadDate Published: 06/28/2023
Annuity Reserves and Capital Work Group (ARCWG) Submits Comment Letter to NAIC Valuation Manual (VM)-22 (A) Subgroup
The Academy’s ARCWG submitted a comment letter to the National Association of Insurance Commissioners’ (VM)-22 (A) Subgroup on their Oct 2022 exposure, Requirements for Principle-Based Reserves… Download
Issue Brief
Lifetime Income Risk Joint Committee Releases Issue Brief on Various Types of Insured Annuities
The Academy’s Lifetime Income Risk Joint Committee released an issue brief that provides a discussion of the various types of insured annuities available to individuals and their potential uses, as… DownloadDate Published: 08/31/2022
Issue Brief
Lifetime Income Risk Joint Committee Releases Issue Brief on Qualifying Longevity Annuity Contracts
The Academy’s Lifetime Income Risk Joint Committee released an issue brief providing a discussion of Qualifying Longevity Annuity Contracts (QLACs), which are insured annuities paid out one or more… Download
Topics: Annuities
Date Published: 08/31/2022
Work Group Submits Comments on Exposure of Proposed Actuarial Guideline related to Index-Linked Variable Annuities
The Academy’s Index-Linked Variable Annuity Work Group submitted comments to the National Association of Insurance Commissioners’ Life Actuarial (A) Task Force on its exposure of a draft… Download
Topics: Annuities
Date Published: 05/06/2022
Comment / Letter
Academy Comment Letter on Exposure of Proposed Actuarial Guideline related to Indexed-Linked Variable Annuities
Academy Comment Letter on Exposure of Proposed Actuarial Guideline on Nonforfeiture Requirements for Index Linked Variable Annuity Products Supported by Non-Unitized Accounts. Download
Topics: Annuities
Date Published: 05/02/2022
Variable Annuity Reserves and Capital Work Group Releases VM-21 Practice Note Supplement
The Academy’s Variable Annuity Reserves and Capital Work Group released its VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities –… Download
Topics: Annuities
Date Published: 02/14/2022
Comment / Letter
Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement
The Academy’s Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2022 Edition… Download
Topics: Annuities
Date Published: 02/14/2022
Index-Linked Variable Annuities Work Group Submits Comments on Proposed ILVA AG
The Index-Linked Variable Annuities Work Group submitted a comment letter to the National Association of Insurance Commissioners’ Index-Linked Variable Annuity (A) Subgroup of the Life Insurance… DownloadDate Published: 01/27/2022
Comment / Letter
Academy Submits Letter to NAIC Special Committee on Race and Insurance
Academy President Tom Campbell submitted a letter to the NAIC Special Committee on Race and Insurance on proposed charges regarding P/C and life insurance issues related to Workstream Three… DownloadDate Published: 05/14/2021
VM-22 Subgroup Releases VM-22 In Brief
The VM-22 Subgroup released its VM-22 In Brief, providing an overview of Valuation Manual (VM)-22 requirements, which specifies new Interest rate requirements for reserves on single premium immediate… Download
Topics: Annuities
Date Published: 04/08/2021
Comment / Letter
VM-21 Practice Note Supplement Exposure Draft
This is the exposure draft of the Academy’s Variable Annuity Reserve and Capital Work Group’s Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable… Download
Topics: Annuities
Date Published: 02/03/2021
VA Reserves and Capital Work Group Releases VM-21 Practice Note Supplement Exposure Draft
The Life Practice Council’s Variable Annuity (VA) Reserves and Capital Work Group released an exposure draft of its VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based… Download
Topics: Annuities
Date Published: 02/03/2021
Comment / Letter
Life Underwriting and Risk Classification Work Group Letter to NAIC (A) Committee
The Life Practice Council’s Life Underwriting and Risk Classification Work Group letter to the NAIC Life Insurance and Annuities (A) Committee on state regulatory and legislative actions in regards… DownloadDate Published: 12/18/2020
Presentation
Presentation on C-3 Work Group Update to NAIC Life Risk-Based Capital (E) Working Group
The Academy C-3 Life and Annuities Work Group (C-3 WG) has a request from the NAIC Life Risk-Based Capital (E) Working Group (LRBC) to “Update the current C-3 Phase I or C-3 Phase II methodology to… DownloadDate Published: 08/21/2020
Comment / Letter
Comments on ASOP 11, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports
The Health Practice Council and its Task Force to Review Actuarial Standard of Practice (ASOP) 11 filed a comment on the Actuarial Standards Board exposure draft, Reinsurance Involving Life… DownloadDate Published: 07/02/2020
Comment / Letter
LPC Comment Letter on ASOP No. 11 Exposure
Life Practice Council comment letter to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 11, Reinsurance Involving Life Insurance, Annuities, or… DownloadDate Published: 04/21/2020
NAIC Report
SVL Interest Rate Modernization Update to LATF
SVL Interest Rate Modernization update to Life Actuarial (A) Task Force on modernizing valuation interest rates for all non-variable annuities. Download
Presentation
ARWG Non-Variable Annuity PBR Update to LATF
Annuity Reserves Work Group presentation to Life Actuarial (A) Task Force on non-variable annuities. Download
Topics: Annuities
Date Published: 11/12/2018
Comment / Letter