Description: Discussion of UL products with secondary guarantees and how they are similar to and different from traditional life insurance products. Discussion of possibility they are lapse supported in their pricing.

Description: This study examines individual universal life persistency. This report shows annualized results based on data from calendar years 1988, 1990, and 1992. The purpose of this study is to examine universal life lapsation and persistency by selected policy, agent, insured, and product characteristics.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, provided an overview and update on Universal Life policies using the format of discussion of the results of a survey sent to sixty actuaries involved with Universal life .

Description: Report summarizing the results of the 2011 PBITT UL with Secondary Guarantees Survey

Description: The article discusses the developments thus far with the adoption of the NAIC Valuation Manual and what steps still lie ahead. It also discusses the NAIC Life Actuarial Task Force’s response to the NAIC’s VM-20 Impact Study. In general, outcomes of the Phase III testing support the suggestion that the modifications made to VM-20 as a result of the NAIC Impact Study made progress in addressing the excessive conservatism demonstrated in the Phase I and Phase II testing.

Description: This article summarizes the presentations on December 7th, 1981 at the Los Angeles Actuarial Club. The discussion was on regulating universal life products by several actuaries prominen tin that field - John 0. Montgomery, David R. Carpenter, Allan L. Chapman, and Lynn C. Miller.

Description: This article discusses the profitability of universal life policies over time as interest rates and policyholders become more knowledgable.

Description: This article discusses how the proposed actuarial guideline XYZ attempts to address secondary guarantees on minimum nonforfeiture values.

Description: This is a addendum for the research report summarizing results of premium persistency assumptions used by life insurers for flexible premium UL products.

Description: This article describes that some companies are ‘approaching the problem of how to accommodate Universal Life in GAAP statements by using a simple method which produces not unreasonable results and waiting for consensus on appropriate methodology to develop. This describes so of the methodology currently in use.