Funded Plans of Life Insurance (Universal Life) and Annuities – (A) – NAIC

Funded Plans of Life Insurance (Universal Life) and Annuities - (A) - NAIC

• p372 - 1982-2, NAIC Proceedings - 1982 12-12,13, 14 - LATHF - Life, A&H Technical Staff Actuarial Group
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• p373 - Life Insurance Committee Report
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• p369- Funded Plans of Life Insurance (Universal Life) and Annuities (Later Changed to Universal Life and Related Plans of Life Insurance and Annuities)
  • A. General Features - The Technical Staff Actuarial Group discussed the appropriateness of the name given to this topic on the agenda. Other names considereed were: "Universal Life and Indeterminate Premium Plans," or "Adjustable Life Policies." It was decided to use the title "Universal Life and Related Deferred Annuities." Mr. Montgomery suggested that the words, "Plans valued on a retrospective basis," could be added.
  • B. Interest Indexed Plans
    • The group considered universal life in general and in its discussion did not usually distinguish between those universal life plans where the interest rate credited was related to an external index and the more traditional universal life plans.

1982-1, NAIC Proceedings