Traditional Life Insurance

  • Abstract: Traditional life and health products have long been regarded as non-interest sensitive.
    • Pricing has often been done with only a single interest scenario projection.

2007 0913 - SOA / Milliman - Interest Rate Hedging on Traditional Life and Health - A Research Project with the Society of Actuaries - 39p

  • Summary: The U.S. and Canadian marketplaces are seeing an increase in the market share of "traditional" life insurance products, such as whole life (WL) and universal life (UL).
    • Although both countries are seeing a similar shift to traditional products, U.S. and Canadian traditional products are not alike.
    • What are the differences and how did these differences arise?
    • With a focus on WL and UL insurance products, panelists from both sides of the border discuss:
      • market and regulatory differences and similarities;
      • the comparison of product offerings in each country;
      • and an overview of current issues in product development.

2003 - SOA - North and South of the Border—Product Distinctions, Society of Actuaries - 22p