Description: Highlights of recent American Council of Life Insurers (ACLI) activities

Description: This session from the 1983 SOA Spring Meeting discusses reversion rates and mortality on non-reverted lives, mortality experience versus mortality tables, select and ultimate term insurance products and the developing experience for term insurance.

Description: Oliver Wyman surveyed the life insurance industry in 2Q 2018 on emerging life PBR practices. Key takeaways and a deeper dive on select practices are provided.

Description: This session discussion is about term insurance developments, product design trends, AIDS considerations, reinsurer's support or lack thereof, recent statutory developments and nontraditional term products. From Record of the Society of Actuaries Vol. 15, No. 3B.

Description: This research project studies the post level premium period lapse and mortality assumptions and experience for level premium term plans with a particular focus on the magnitude and impact of the “shock lapse” at the end of the level premium period.

Description: This session from the 1995 SOA New Orleans Meeting discusses the developments with regard to reinsurance response to New York Regulation 147 and Guideline XXX. It covers the kinds of terms products sold today and the impact of Guideline XXX on those, a 10 year term product and the options of reinsurance that are available. From the Record of the Society of Actuaries, Vol. 21, No. 1.

Description: This article summarizes the key changes to VM-31 requirements in the 2020 version of the Valuation Manual for both life and variable annuities, and compares and contrasts the requirements for each. In addition, the article offers insights into common issues and recommendations for VM-31 reports from the viewpoints of a regulator, consultant, and company actuary.

Description: This article is aimed to cover the following: 1) Provides an assessment of income volatility under Long Duration Targeted Improvements (LDTI) for several key types of long duration contracts along with select illustrations, and compares against those under current GAAP, 2) Discuss areas where accounting policies or methodologies can influence income volatility, and 3) Show how a company's management reporting can be adapted to help explain income variances under LDTI.

Description: This paper discusses the special considerations involved in pricing a select and ultimate annual renewable term product. It covers such areas as expenses, conversion costs, and profit calculation, and devotes particular attention to the relationship between mortality and withdrawals on this type of product. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This article discusses the characteristics of companies dedicated to being leaders in the Term market and the role that reinsurers play.