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: This article discusses the profitability of universal life policies over time as interest rates and policyholders become more knowledgable.

Description: This article summarizes the presentations on December 7th, 1981 at the Los Angeles Actuarial Club. The discussion was on regulating universal life products by several actuaries prominen tin that field - John 0. Montgomery, David R. Carpenter, Allan L. Chapman, and Lynn C. Miller.

Description: Article from The Actuary magazine, March 1983, volume no. 17, issue no. 3, and is excerpted from the author's address to the Winnipeg Actuaries Club in September 1982. It highlights the universal life policy in general and then discusses the innovations they introduced.

Description: FASB's Statement of Financial Accounting Standards No. 97 contains wide-sweeping changes to the preparation of GAAP financials for insurance companies. The focus of this article will be on the ramifications of the interest rate FASB has decided to use to amortize deferred acquisition costs.

Description: This article describes that some companies are ‘approaching the problem of how to accommodate Universal Life in GAAP statements by using a simple method which produces not unreasonable results and waiting for consensus on appropriate methodology to develop. This describes so of the methodology currently in use.

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 discusses the impact on the policyholders and the insurance companies of the phase-out of the deductibility of policy loan interest resulting from the new tax law.