Description: The authors set forth a generalized model describing the application of current law [1976 NAIC model Standard Valuation Law and Standard Nonforfeiture Law] to products of the universal life type. Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1983 Volume 35.

Description: This is a discussion of universal life products. It includes: 1. Benefit structure including underwriting and reinsurance, values, and surplus requirements 2. Asset-liability matching 3. Taxes, expenses, and administration 4. Consumer protection, including the company's obligations, at time of sale 5. Marketing, sales compensation, and replacement questions Specifically it highlights the benefit structure asset-liability matching taxes, expenses and administration consumer protection, including the company's obligations, at time of sale and marketing, sales compensation and replacement questions.

Description: In this article, taken from the author’s remarks at LIMRA's 1980 Annual Meeting, the theme is that the “new generation” of permanent life insurance products, including Universal Life, do meet policyholders’ needs, and that life insurance products, far from being static, evolve to suit the markets they serve and the public's needs. An editor’s note at the end also refers the reader to another article, which presents a “distinctly different viewpoint.”

Description: An introduction to ultimate life insurance, a product intended to be flexible enough to meet consumers' needs over their lifetimes. The paper gives some illustrations and discusses the Ultimate Life Financial Risk Analysis computer program.

Description: The April 2016 Issue of The Modeling Platform

Description: This is a discussion of Universal Life insurance, dealing with: 1. Product characteristics 2. Sales compensation 3. Marketing support 4. Regulatory treatment 5. Taxation 6. Administration

Description: A debate among industry giants of whether the life insurance industry in 1977 is entering a period of changes that will affect business in the most fundamental way or whether it's just experiencing normal trials and tribulations.

Description: This panel discussion, which occurred at the May 1982 Society of Actuaries meeting in Colorado Springs, provided an overview and update on Universal Life policies using the format of discussion of the results of a survey sent to sixty actuaries involved with Universal life .

Description: The authors explore a new approach to the premium persistency assumption in universal life products.

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.