Actuarial

Premium – Actuarial – Universal Life The complications begin with a very simple question: What’s the premium for Universal Life? It could be almost anything. Then what’s the cash value? That depends on the premium. It is the relationship between the premium and cash value that determines the product characteristics of Universal Life. — Ben…

Economic Scenario Generator (ESG) Academy’s Economic Scenario Generator Work Group 16. Discussed the ESG Implementation Timeline and Overview of Treasury Model Pat Allison (NAIC) reviewed the implementation timeline for the economic scenario generator (ESG) (Attachment TwentyFive). She noted that the first three milestones have been completed and reminded the audience that the presentation given to the Task…

Surplus Surplus Notes Surplus Relief The availability of surplus sometimes constrains the growth of an insurance company. To optimize growth, a company under such constraint must develop equivalent profit standards for all opportunities that use surplus, such as sales of insurance products, acquisition of investments, or development of a sales force. 1981 – SOA -…

Nonguaranteed Non-Guaranteed Elements NONGUARANTEED PREMIUM He questioned the appropriateness of taking non-guaranteed elements and making them guaranteed as suggested as a penalty in the white paper. 1993-3, NAIC Proceedings Our Lexington report alluded to the controversial issue of nonguaranteed policy element illustrations. Currently the issue is being addressed by four different groups: NAIC – this…

Guarantees Guarantees Only 2005 – SOA – What’s Backing Your Life Insurance Guarantee? – [LINK]

AAA – IAIS actuary.org/search/content?keys=iais 2015 0206 – AAA to IAIS – RE: Risk-based Global Insurance Capital Standard Public Consultation Document (Dec. 17, 2014), , American Academy of Actuaries – 20p 2015 0501 – AAA to IAIS – Committee Comments To IAIS On Conduct Of Business Risk Draft Paper, American Academy of Actuaries – 4p (p3)…

AAA – NAIC – LIBG American Academy of Actuaries, Life Insurance Buyer’s Guide Working Group (A) 2017 1019 – Letter – AAA to NAIC LIBGWG – Work Group Comments on Life Insurance Buyer’s Guide Discussion Draft, American Academy of Actuaries, Life Insurance Buyer’s Guide Working Group (A) – 2p Non-Guaranteed Elements Work Group comment letter…

American Academy of Actuaries (AAA) to NAIC – IUL 2014-1, NAIC Proc. Patricia Matson (Academy) …said the Academy Life Committee is monitoring the indexed universal life (IUL) illustration discussions in order to modify the current ASOP or adopt new ASOPs as needed. 2015 0811 – AAA to NAIC (IULSG) – paper for the National Association…

1980s – AAA – American Academy of Actuaries – NAIC 1981-12 – AAA – Journal of the American Academy of Actuaries re: Manipulation, Dividends, Life Insurance Buyer’s Guide -12p Date: June 2, 1981 To: NAIC Life Insurance (C3) Subcommittee, From: AAA – American Academy of Actuaries – John Harding Background: This statement was presented at…

AAA – American Academy of Actuaries to NAIC AAA – NAIC – IUL AAA – NAIC – LIBG AAA – NAIC – 1980s AAA – NAIC – LIOGWG 2018 1128 – AAA to NAIC – LIOGWG – Grid – 3p Journal of the American Academy of Actuaries American Academy of Actuaries Life Illustrations Work Group…

Premium – Actuarial

ESG – Economic Scenario Generator

Surplus

Nonguaranteed

Guarantees

AAA to IAIS

AAA to NAIC – Life Insurance Buyer’s Guide (LIBG)

AAA to NAIC – IUL – Indexed Universal Life

1980s – AAA to NAIC

AAA to NAIC