Description: This is a discussion of universal life products. It includes: 1. Benefit structure including underwriting and reinsurance, values, and surplus requirements 2. Asset-liability matching 3. Taxes, expenses, and administration 4. Consumer protection, including the company's obligations, at time of sale 5. Marketing, sales compensation, and replacement questions Specifically it highlights the benefit structure asset-liability matching taxes, expenses and administration consumer protection, including the company's obligations, at time of sale and marketing, sales compensation and replacement questions.

Description: Mandatory implementation of life principle-based reserves (PBR) is just around the corner, and there is no shortage of work to do, as most products have yet to be moved to PBR. Oliver Wyman recently completed its 2019 PBR survey, with more than 40 participants covering 85 percent of the individual life market, including 23 of the top 25 life writers and five reinsurers. This article will expand on the key survey findings including implementation status and model simplifications.

Description: This article discusses the growing popularity of variable products and compares the product design and pricing of VUL and UL products.

Description: 1999 SOA Regional Meeting, Atlanta. In this session on next-generation UL, the panelists explored 1999 product development issues relating to the general account/non-equity-indexed universal life product.

Description: The presenters in this classic session will explore protection and accumulation products as well discuss the current state of the hybrid Life/LTC market. They will also examine the latest trends and the challenges to innovation and highlight key factors impacting the product actuary including the impact of technology, regulation and competitive environment. 

Description: The article summarizes results of a Milliman survey per the title. These products comprise about 40% of the total individual life market, and the survey covers a range of topics on these plans, which should be of interest to a large portion of the life industry.