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  • Premium Persistency Study of Flexible Premium Universal Life Products Report
    (GAAP)/International Financial Reporting Standards (IFRS) purposes. A survey was conducted of FPUL companies ... assumptions used for cash flow testing and GAAP/IFRS purposes were also requested and reported. There ...

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    • Authors: Society of Actuaries
    • Date: May 2012
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Universal life
  • 2017 Universal Life with Secondary Guarantees Survey
    scenarios used are summarized in Figure 6 through Figure 17. Lapse Assumptions  Lapse rates in the tail ... stochastic) 2012 (24 responses) 2013 (23 responses) 2014 (17 responses) 2015 (18 responses) 2017 (21 responses) ...

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    • Authors: Jeffrey Hartman
    • Date: Jul 2017
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2013 Survey Results
    rates reported.  2013 saw significant growth, 9 of 17 (53%) in 2013 compared to 5 of 15 (33%) in 2012, ... responses). 2008 VBT table usage increased from 12% to 17% (Figure 30). In addition, 3 of the 6 respondents ...

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    • Authors: Stephen Hodges, Charles M Bremer
    • Date: Jan 2014
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Policyholder Behavior in the Tail Risk Management Section Working Group UL with Secondary Guarantee 2015 Survey Results
    scenarios used are summarized in Figure 6 through Figure 17. Lapse Assumptions  Lapse rates in the tail ... cited 2008 VBT as their reference table, up from 17% in 2013’s survey. On the other hand, only 11% ...

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    • Authors: Stephen Hodges, Charles M Bremer, Jeffrey Hartman
    • Date: Apr 2016
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • 2018 Universal Life with Secondary Guarantees Survey: Survey of Assumptions for Policyholder in the Tail
    scenarios used are summarized in Figure 6 through Figure 17. Lapse Assumptions • Lapse rates in the tail ... deterministic and stochastic) 2013 (23 responses) 2014 (17 responses) 2015 (18 responses) 2017 (21 responses) ...

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    • Authors: Jeffrey Hartman
    • Date: Sep 2018
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Source of Earnings Analysis for Flexible Premium and Interest-Sensitive Life and Annuity Products
    Source of Earnings ... 00 .0500000 15 50.00 .0500000 16 50.00 .0500000 17 50.00 .0500000 18 50.00 .0500O00 19 50.00 .0500000 ... 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 1,000.00 1,000.00 1,000.00 1,000 ...

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    • Authors: Robert Stein, Joseph H Tan
    • Date: Oct 1988
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Transactions of the SOA
    • Topics: Annuities>Fixed annuities; Enterprise Risk Management>Financial management; Life Insurance>Universal life
  • Policyholder Behavior in the Tail Risk Management section Working Group UL with Secondary Guarantee 2012 Survey Results Report
    return was felt to be a critical assumption by 17 of the respondents (Figure 41). • Ten of the 25 ... slightly lower for the highest issue ages (70+) (Figure 17 and Figure 19). • Median lapse rates at age 40-49 ...

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    • Authors: Society of Actuaries, Stephen Hodges, Mark Bergstrom
    • Date: Mar 2013
    • Competency: External Forces & Industry Knowledge
    • Topics: Life Insurance>Policyholder behavior - Life Insurance; Life Insurance>Secondary guarantees; Life Insurance>Universal life
  • Source-of-Earnings Analysis under FAS 97 Universal Life Accounting
    Source-of-Earnings Analysis ... . 14 . . . . . 15 . . . . . 16 . . . . . 17 . . . . . 18 . . . . . 19 . . . . . 2(I . ... 12. . . 13... 14.. . 15.. . 16 . . . . 17 . . . . 18 . . . . 19 . . . . 20 . . . .

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    • Authors: Joseph H Tan
    • Date: Oct 1989
    • Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Transactions of the SOA
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Life Insurance>Universal life
  • A Linear Programming Approach to Maximizing Policyholder Value
    value eg a lihear function of prior transactions. 17 death benef i t policy to an increasing death ... S$81 $43;~ t491 SS55 11621 S~10 $5,6~0 CV (~0Y) 17~0 11700 1050 11600 11550 $SSO S~50 I~00 11~ ~ 11Z50 ...

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    • Authors: Michael Conwill
    • Date: Jan 1991
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: Actuarial Research Clearing House
    • Topics: Finance & Investments; Life Insurance>Universal life; Modeling & Statistical Methods