Description: An article from The Actuary that discusses the new non-forfeiture value. The secondary market for life insurance is redefining the way policies are valued. Paradign shifts don't occur overnight. Yet, somewhere along the line, there comes a convergence of factors that makes significant change inevitable. With regard to the secondary market for life insurance, this tipping point is already in the rear-view mirror.

Description: Documents the error in the Smoker/Nonsmoker CSO Tables accepted by the NAIC, and the expected approval of the NAIC to accept use of both the erroneous and the correct mortality rates for all regulatory purposes.

Description: This article is is an excerpt from a concept document submitted to the NAIC as a possible framework for drafting the new Standard Nonforfeiture Law. The document incorporates comments from the NAIC’s Life and Health Actuarial Task Force into a concept document prepared by the American Academy of Actuaries’ Nonforfeiture Work Group.

Description: This is an article on statutory maximum valuation interest rates, the second of three articles outlining the new Model Valuation and Nonforfeiture Laws.