Actuarial – Page 13

Reserves Principles-Based Reserves – PBR Premiums and Benefits – Reserves Benefit Reserves CRVM modified reserve systems soa.org/globalassets/assets/library/research/transactions-of-society-of-actuaries/1967/january/tsa67v19pt2dn5410.pdf Natural Reserves PBR Policy Reserves Terminal Reserves 2013 0917- ThinkAdvisor – ACLI calls Lawsky’s letter on reserves ‘irresponsible’, By Elizabeth D. Festa – [link] In a letter to state insurance commissioners, the American Council of Life Insurers (ACLI)…

Unbundled The “unbundling’ of services and other product differences between Universal Life and Ordinary Life cause current literature to be inapplicable, as well as insufficient, for Universal Life. 1984 – AAA – American Academy of Actuaries – Journal I would like to ask how many people here have received requests for such unbundling from the public.…

Performance Benefits Coverage Period Historical Performance Policy Performance, Variability, UL Description Results Outcomes Cost – 2000 – AP – The Nature and Causes of Variation in Insurance Policy Yields: Whole Life and Universal Life, Journal of Insurance Issues, 2000, 23, 1, pp. 30–47, by James M. Carson and Mark D. Forster – 18p The actual versus…

Credibility MR. BARKS: Is credibility a better word? George COLEMAN: Yes, credibility in the sense that those numbers were developed using actuarially appropriate standards. — George Coleman, Prudential, ACLI, TRG-Technical Resource Group for the NAIC (Industry Advisory Group – Illustrations) 1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p 2009 – SOA…

Investment Generation Method New Money / Portfolio Money New Money (Investment Generation Method) vs Portfolio Method [Bonk: Investment Generation Files(37) NAIC] However, it is far less clear as to how to make a fair, nonmisleading statement, about an investment year method illustration in comparison with a portfolio average illustration. This will be one of the…

GMP – Guaranteed Maturity Premium The Model Regulation assumes that future premiums will be paid at the whole life level, and calls this premium the GMP [the guaranteed maturity premium]. [Bonk: Universal Life Model Regulation – NAIC] — Shane Chalke 1984 – SOA – NAIC Update, Society of Actuaries – 24p A regulator had told them that…

ASB – Actuarial Standards Board actuarialstandardsboard.org/ ASB – Actuarial Standards Board – Snippets ASOPS – Actuarial Standards of Practice ASOP – Actuarial Standard of Practice No. 2 – Nonguaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts – 16p 1993 – SOA – ASB Standard on Selection of Economic Assumptions, Society of Actuaries…

Actuarial Actuarial – Index SOA – Society of Actuaries – Index actuarialjokes.com/ The Life Actuary – Publication Start – 2003 08 – 12p Actuaries can do lots of things. We can provide the field with a clear description of the policy and how it works. — Bruce E. Booker, (a member of the American Council of…

PBR – Principles-Based Reserves 2007 – SOA -Treading into the Thicket: Federal Income Tax Implications of Principles Based Reserves, by Christian DesRochers and Douglas N. Hertz, Society of Actuaries – 86p 2016-1 – NAIC – Implementing Principle-Based Reserves for Life Insurers: A Discussion Paper – 27p March 28, 2016, New York Life, NAIC Proceedings –…

SOA – Society of Actuaries Actuarial – Index SOA – Index The work of science is to substitute facts for appearances and demonstrations for impressions. long-standing motto of the Society of Actuaries The quote is from Mr. John Ruskin’s book, The Stone of Venice, Volume 3, page 36. 2012 – SOA – Substitute One Mis-impression,…