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Recent Change to IRC § 7702 Interest Rates and Impact on Life Insurance Products
Summary of recent changes to IRS Section 7702 Interest Rates, and how it will impact the design of life ... life insurance products in the future. By Stu Kwassman Product Matters!, February 2021 Introduction As most ...- Authors: Stuart Kwassman
- Date: Feb 2021
- Competency: Results-Oriented Solutions; Technical Skills & Analytical Problem Solving
- Publication Name: Product Matters!
- Topics: Life Insurance>Pricing - Life Insurance; Life Insurance>Product development - Life Insurance; Life Insurance>Universal life; Life Insurance>Non-forfeiture benefits; Life Insurance>Whole life
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Whither the Definition of “Cash Surrender Value”—The IRS Issues More Waiver Rulings Discussing the Meaning of Scetion 7702f2A
Whither the Definition of “Cash Surrender Value”—The IRS Issues More Waiver Rulings Discussing the Meaning ... Meaning of Scetion 7702f2A Discussion of private letter tax rulings on the definition of Cash Surrender ...- Authors: Application Administrator, Alison R Peak
- Date: Jun 2009
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Product Matters!
- Topics: Life Insurance>Non-forfeiture benefits; Public Policy
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Modernizing the Nonforfeiture Laws for Individual Life Products
Modernizing the Nonforfeiture Laws for Individual Life Products Discussion of the necessity of nonforfeiture ... nonforfeiture laws for life insurance and the inconsistencies in the laws between comparable products. Life ...- Authors: David S Lee
- Date: Jun 2009
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Product Matters!
- Topics: Life Insurance>Non-forfeiture benefits
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Lower Statutory Valuation Interest Rates for Life Insurance
Life Insurance Background information on the calculation of the statutory valuation and nonforfeiture maximum ... maximum interest rates and a brief discussion on the effect that changing interest rates will have on ...- Authors: Brian Sprawka
- Date: Aug 2005
- Competency: External Forces & Industry Knowledge
- Publication Name: Product Matters!
- Topics: Life Insurance>Reserves - Life Insurance; Life Insurance>Non-forfeiture benefits
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Statutory Valuation Interest Rates for Life Insurance and Annuity Products
Insurance and Annuity Products This article reports the maximum statutory valuation and nonforfeiture interest ... rates for calendar year 2004 issues of life insurance products and the maximum statutory valuation interest ...- Authors: David G Whittemore
- Date: Nov 2003
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Product Matters!
- Topics: Annuities>Reserves - Annuities; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Reserves - Life Insurance; Life Insurance>Non-forfeiture benefits; Public Policy
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At Last — A Permanent MEC Correction Procedure
Y 2 0 0 2 6 Introduction O n August 6, 2001, the InternalRevenue Service issuedRevenue Procedure 2001-42 ... inadvertent modified endowment contracts, or MECs. The insurance indus- try had been without an MEC correction ...- Authors: David Miller, Brian King
- Date: Jan 2002
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Product Matters!
- Topics: Life Insurance>Non-forfeiture benefits
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New Standard Nonforfeiture Law:Unsafe at Any Speed?
New Standard Nonforfeiture Law:Unsafe at Any Speed? A discussion of efforts to revise the Standard ... Law:Unsafe at Any Speed? A discussion of efforts to revise the Standard Nonforfeiture Law. Standard ...- Authors: Douglas Doll
- Date: Mar 1998
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Product Matters!
- Topics: Life Insurance>Non-forfeiture benefits
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UL Secondary Guarantee –A Rebirth of Fixed Life?
UL Secondary Guarantee –A Rebirth of Fixed Life? Discussion of UL products with secondary guarantees ... from traditional life insurance products. Discussion of possibility they are lapse supported in their pricing ...- Authors: David Simbro
- Date: Nov 2003
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Product Matters!
- Topics: Life Insurance>Pricing - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life; Life Insurance>Non-forfeiture benefits
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Summary of March 2009 NAIC/LHATF Meeting
Summary of March 2009 NAIC/LHATF Meeting discussion of March 2009 NAIC/LHATF meeting Life reserves;Mortality ...- Authors: Donna Claire
- Date: Jun 2009
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Product Matters!
- Topics: Life Insurance>Reserves - Life Insurance; Life Insurance>Capital - Life Insurance; Life Insurance>Non-forfeiture benefits; Public Policy