Description: Provides a few highlights of the rules set forth in the Proposed 965 Regulations and the impact such rules have on the determination of various aspects of the toll tax calculation.

Description: The Universal Life Work Group ULWG of the American Academy of Actuaries’ AAA Life Valuation Subcommittee was formed in July 2004. Its charge is to develop a new “principle-based” approach definition follows for statutory reserves and capital requirements for life products with certain types of benefits and guarantees, where the value of the contract obligations vary significantly due to such things as future interest rates or equity returns.

Description: The author discusses an interpretation of the surrender charge limitations specified in New York’s Regulation 77 which increases the maximum allowable surrender charges for renewal years. This interpretation was presented to and accepted by the New York State Insurance Department.

Description: Illustrates the effects that proposed GAAP changes will have on earnings emergence of universal life contracts.

Description: Discussion of growth in popularity of UL products designed to focus on the guarantee of death benefit protection rather than cash value accumulation and some of the pricing and reserving issues with respect to those products

Description: An article from The Actuary, March 1983, volume no.17, issue no. 3 that discusses Variable Universal Life Insurance based on the growing popularity of universal life and variable life products. This product is a flexible premium life insurance product whose cash values vary, in whole or in part, in relation to the investment performance of an underlying separate account. However, regulatory changes, both state and federal, are needed before this product may be sold

Description: This article describes the potential effects of a Guideline Premium Forceout on the policy values and administration of Universal Life policies.

Description: The Chairperson addresses the readers.

Description: This article is a summary of a November 1981 actuarial club presentation by Robert D. Shapiro. It begins with the rise of Universal Life in 1981 with the climate of high interest rates and minimization of company federal income tax and then discusses the year 1982 with declining interest rates and the changes made to UL.

Description: Milliman, Inc. recently conducted a comprehensive survey of leading UL insurers to discover current dynamics of the UL market. The scope of the survey included UL with secondary guarantees ULSG, cash accumulation UL, current assumption UL, and indexed UL.