Description: The proposed revisions to the variable annuity statutory framework and the FASB targeted improvement for long duration contract, motivate life insurance companies to re-evaluate their hedging strategy. Recently proposed revisions of AG 43/VM-21 and C3 Phase II, reward companies that have a clearly defined hedging strategy, if the companies can demonstrate that the valuation model and capital model can estimate real hedge performance accurately. The speakers of this session will discuss the hedging implication of the proposed AG 43/VM-21 and C3 Phase II framework. Additionally, methodology computational requirements, back-testing results under different economic scenarios and the resulting hedge credits of different hedging strategies will be compared, including explicit dynamic hedge and implicit dynamic hedge. The speakers will also touch on the impact of rebalance frequency on the performance of dynamic hedge. Case studies will be presented to provide guidance on practical implementation.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss product design issues for annuities, including “CD annuities,” which are like individual guaranteed investment contracts, traditional single premium deferred annuities, ‘SPDAs,’ two-tiered annuities, immediate annuities, and others. They also discuss tax developments, investment strategies, and reserve issues. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This session from the 1995 SOA New York City Meeting reviews developments in savings product design including equity-indexed annuities, CD-type annuities, the market value adjusted market, an assessment of purchasing trends and developments in other countries. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: There has been significant discussion of PBR for Life Insurance, but there has also been progress in development of PBR for annuities; including VM-21, VM-22, and future VM-23. The presenters will look at the progress in PBR for annuities and what the future may hold.

Description: This 1980 session covers amendments to the SNL and SVL and the anticipated revision to the CSO Mortality Table. Questions discussed: 1. What changes can be expected in requirements in the1980's? 2. What changes in products design will likely emerge from these? 3. What will be the effect on future gross premium, cash value, and reserve levels? 4. Will these changes be compatible with all economic forecast scenarios? 5. Will these changes create a need for increased gross premium rates or for higher company surplus levels? 6. Should attention to solvency measures be increased? 7. Are the allowable valuation interest rates sufficiently liberal?

Description: This session from the 1984 SOA Atlanta Meeting reviews individual annuities, specifically IRA sales by insurance companies, separate account options, the brokerage market, bail-out options, SPDA's and accounting issues.

Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting discuss the most current information on issues in the regulatory area that impact individual life and annuity products.

Description: In this session at the SOA 2003 Washington, DC Spring Meeting, the panelists discuss the value of deferred taxes to the owner of an IRA, 401k or similar product. The time it takes for tax-deferral benefits to overcome typical penalties levied on early distributions is reviewed. They also discuss the effect of tax deferral on the risk profile of investments.

Description: This discussion at the 1968 Philadelphia Regional Meeting focuses on issues for smaller companies including expense analysis, adjusted earnings, variable annuities, agency operations, and interim financial statements.

Description: This panel discussion addresses the forces influencing the direction of growth in income products. From the Record of the Society of Actuaries, Volume 27, No. 2, Session 46PD of the Toronto Spring Meeting.