Description: This panel discussion focuses on valuation and nonforfeiture developments. Topics covered include purpose of Society's Committee on Valuation and Related Problems, current valuation regulatory developments, industry studies in the United States, report of the Society's Special Committee on Nonforfeiture Laws, annuity nonforfeiture values, and sex-distinct mortality tables for valuation and nonforfeiture purposes.

Description: This article provides the reader with some insights regarding tax planning under the new required methodology.

Description: Discusses Aug. 23, 2007, meetings in Salt Lake City, Utah, about principles-based approach for both reserves and risk-based capital, RBC.

Description: Update on new mortality tables in development - 2012 IAR, 2014 VBT, and SI/GI/Preneed

Description: Update on statutory Valuation reserves and required surplus for variable annuities with living benefit guarantees

Description: The article focuses on GAAP accounting for indexed products with riders; specifically, how rider charges should be addressed in FAS 133 reserves, estimated gross profits for FAS 97, and company financial statements.

Description: February 2010 Supplement to the Taxation Section newsletter, Taxing Times. Extensive discussion of the issues in computing statutory and tax reserves for annuities under VA CARVM.

Description: This article analyzes two common interpretations of SOP 03-1 in determining the guaranteed minimum death benefit GMDB liability in a variable annuity contract, and it analyzes the resulting impact on the initial GMDB reserve and on the volatility of GAAP earnings as actual experience emerges. This analysis could be applied to the guaranteed minimum income benefit GMIB, guaranteed minimum accumulation benefit GMAB, guaranteed minimum withdrawal benefit GMWB and other guaranteed benefits in a variable annuity contract that are subject to SOP 03-1, and the conclusions would be similar.

Description: A discussion of the growing popularity of annuities with guaranteed minimum income benefits GMIB during times of bear markets and some related discussion of product features, minimum statutory reserves and capital requirements for the product

Description: After nearly a decade of work by ACLI and representatives of its member companies, the Society of Actuaries SOA, the American Academy of Actuaries Academy, and the NAIC’s Life and Health Actuarial Task Force LHATF, on Sept. 24, 2008, the NAIC adopted a new actuarial guideline for applying the method of computing statutory reserves for variable annuity contracts AG VACARVM.