Actuarial – Page 14

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 – Journal – AAA – American Academy of Actuaries 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 NAIC Advisory Committee on Manipulation 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…

GMP – Guaranteed Maturity Premium p3 – The guaranteed maturity premium for flexible premium universal life insurance policies shall be that level gross premium, paid at issue and periodically thereafter over the period during which premiums are allowed to be paid, which will mature the policy on the latest maturity date, if any, permitted under…

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 SOA – 1940s SOA – 1950s SOA – 1960s SOA – 1970s SOA – 1980s SOA – 1990s SOA – 2000s SOA – 2010s SOA – 2020s The work of science is to substitute facts for appearances and demonstrations for impressions. long-standing motto of…

NGEs – Non-Guaranteed Elements Assumptions COI – Cost of Insurance Coverage Period Dynamic Interest Rate Unbundled Benefits Coverage Period Historical Performance Performance Policy Performance, Variability, UL Description Non-Guaranteed Elements Work Group – NGEWG – AAA 2022 – SOA – Overview of Nonguaranteed Elements (NGEs), Society of Actuaries – 22p I have a theory that the…