Description: Excerpts from Yee's presentation on the S-Curve reserve for Universal life. The S-Curve represents a distribution of amount of assets needed under 550 scenarios which, together with future premiums, will fund all future policy benefits and expenses. The reserve is a specific point on the Curve.

Description: Description of a method of calculating life insurance reserves when more than one life is involved. Followed by a discussion paper submitted

Description: Describes using the new multi-risk scenario generator to create sensitivity tests at moderately adverse probability levels, resulting in margins to use for PBR.

Description: Implementation of Statement of Position 03-1 for Lapse Protected Life Products

Description: The paper 'Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance' by Messrs. Fraser, Miller, and Sternhell presents one approach to variable life insurance, and the discussions which follow it explore some alternative formulas for reserve calculations.

Description: Discussion of the development of a new Preneed Valuation Mortality Table

Description: How do combo products fit in the new statutory valuation framework?

Description: Variable life insurance asset shares involve, in general, both the separate account and the general account. This paper develops, for both accounts, under the New York Life design, the annual asset share equations of equilibrium for the separate account asset share, for the general account asset share, for the basic reserve, and for the surplus and also derives the individual expressions for the interest and mortality contributions to the surplus. Followed by discussion papers submitted by several authors.

Description: This article reports the maximum statutory valuation and nonforfeiture interest rates for 1999 issues of selected life insurance products and the maximum statutory valuation interest rates for 1998 issues of selected annuity products.