CRVM – Commissioners Reserve Valuation Method

CRVM – Commissioners Reserve Valuation Method

• 1979 – SOA – Adjustable Life Expense Allowances Under The Commissioners Reserve Valuation Method, by Solomon Goldfinger, tsa79v316 – Society of Actuaries – 36p
• 1984-1, NAIC Proceedings, Reserves Examples
• 1994 – SOA – VASP – Valuation Actuary Symposium Proceedings – Sessions 8 – Life and Deferred Annuity Life and Deferred Annuity Liability Models, VASP946 – Society of Actuaries – 32p

• 1994 – SOA – VASP – Valuation Actuary Symposium Proceedings – Sessions 8 – Life and Deferred Annuity Life and Deferred Annuity Liability Models, VASP946 – Society of Actuaries – 32p

  • The funding level affects: 1. Universal life commissioners reserve valuation method reserves — In particular the r factor is the ratio of the actual fund value to the guaranteed maturity fund. Since r is capped at 100%, using a ratio based on the average fund for all policies may not produce the actual reserve.

  • Separate the policies based on the guaranteed maturity fund (i.e., greater than and less than the guaranteed maturity fund). This recognizes the differences in the r factor.