Life

Policy Paper

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,…

Comment / Letter

Longevity Reinsurance C2 Proposal Comments

The Academy’s Longevity Risk Task Force (Task Force) provided responses to questions posed by the NAIC Longevity Risk (E/A) Subgroup regarding a framework for the RBC C-2 charge for longevity…

Comment / Letter

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…

Comment / Letter

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.

Presentation

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.

Policy Paper

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…

Comment / Letter

Longevity Risk Task Force Comments to NAIC on RBC C-2 Charge

The Longevity Risk Task Force provided feedback to the NAIC’s Longevity Risk (E/A) Subgroup in response to a request from the Subgroup on a framework for the RBC C-2 charge for longevity…

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).

Issue Brief

Excess Interest Reserves as Defined Under Internal Revenue Code §811(d)

The Tax Committee released Excess Interest Reserves as Defined Under Internal Revenue Code §811(d), an issue brief exploring how tax basis excess interest differs from excess interest in actuarial…

Comment / Letter

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…