Life

Resource

7702, Valuation Rate, and Applicable Federal Interest Calculator

The IRC Section 7702 Rate Calculator The Valuation Rate (Val Rate) and Applicable Federal Interest Rate (AFIR) Calculator (Updated Sept. 1, 2026) These spreadsheets are associated with…

Comment / Letter

C3 Field Test Specifications

The C-3 Subcommittee presented C-3 Field Test Specification revisions to the NAIC Life RBC Work Group.

Comment / Letter

NAIC LATF Request to Review VM Prescribed Spreads & Defaults

The Academy’s Life Reserves Committee responded to the NAIC LATF’s request to review the Valuation Manual prescribed default and spread methodology used in VM-20, VM-21, and VM-22, and either…

Presentation

LPC update to LATF at Summer National Meeting

Academy Senior Staff Actuary Seong-Min Eom updated the NAIC’s Life Actuarial (A) Task Force (LATF) on Life Practice Council (LPC) activity at NAIC’s Summer National Meeting in Columbus.

Comment / Letter

NAIC IUL and Premium Financing Comment Letter

The Academy’s Life Insurance Illustration Subcommittee offered the comments in response to the June 15, 2026, presentation made by NAIC Consumer Representative Dick Weber regarding IUL and premium…

Comment / Letter

Model 245 Summary Guide & Actuarial Guideline Flow Chart Exposure Question

The Annuity Products Subcommittee provided comments to the June 2, 2026, exposure of the List of Potential Modifications to Model 245 Summary Guide and Actuarial Guideline as Mechanism for…

Presentation

Longevity Reinsurance Illustrations for Development of RBC C-2 factors

The Academy Longevity Risk Task Force held a meeting session with the NAIC to present Longevity Reinsurance Illustrations for Development of RBC C-2 factors. The Task Force provided illustrations of…

Presentation

C1 Subcommittee presents on Proposed CLO C-1 Factors

C-1 Subcommittee Chairperson Steve Smith provided an update on Proposed collateralized loan obligation (CLO) C-1 Factors based on A3 Factors from the 2026 NAIC Spring National Meeting.

Comment / Letter

VM-22 Retrospective Application Exposure Comment Letter

The Annuity Reserves and Capital Subcommittee (ARCS) submitted comments to the NAIC’s Life Actuarial (A) Task Force Valuation Manual (VM)-22 (A) Subgroup on the VM-22 Retrospective Application…

Comment / Letter

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.