Description: The article discusses the continued popularity of indexed UL insurance and possible reasons why a company's actual indexed UL earnings may be below their original pricing expectations for the product. The article discusses several key items that may be the source of that underperformance (e.g., hedge ineffectiveness, policyholder behavior) and the need to monitor earnings and perform analyses to better understand those potential sources.

Description: The article discusses the impact of changes made to Internal Revenue Code Section 7702 by the ConsolidatedAppropriations Act, 2021. The Consolidated Appropriations Act made changes to the interest rates used calculatethe Section 7702 premium and cash value funding limitations for life insurance contracts

Description: The presenters in this classic session will explore protection and accumulation products as well discuss the current state of the hybrid Life/LTC market. They will also examine the latest trends and the challenges to innovation and highlight key factors impacting the product actuary including the impact of technology, regulation and competitive environment. 

Description: Report summarizing the results of the 2018 PBITT UL with Secondary Guarantees Survey

Description: The article discusses industry practices relating to US GAAP SOP 03-1 valuation for universal life with secondary guarantee products.

Description: Report summarizing the results of the 2015 PBITT UL with Secondary Guarantees Survey.

Description: Report summarizing the results of the 2015 PBITT UL with Secondary Guarantees Survey

Description: The April 2016 Issue of The Modeling Platform

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

Description: Report summarizing the results of the 2013 PBITT UL with Secondary Guarantees Survey.

Description: Universal Life/Indexed Universal Life trends based on the 6th annual Milliman survey of leading UL carriers. Reveals the current dynamics of the UL/IUL market and provides carriers with competitive benchmarking to see how they stand relative to their peers.

Description: Report summarizing the results of the 2011 PBITT UL with Secondary Guarantees Survey

Description: This is a research report summarizing results of premium persistency assumptions used by life insurers for flexible premium UL products.

Description: Report summarizing the results of the 2009 Policyholder Behavior in the Tail working group with respect to UL policies with Secondary Guarantees Survey.

Description: Milliman, Inc. recently conducted a comprehensive survey of leading UL insurers to discover current dynamics of the UL market. The scope of the survey included UL with secondary guarantees ULSG, cash accumulation UL, current assumption UL, and indexed UL.

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: Discussion of growth in popularity of UL products designed to focus on the guarantee of death benefit protection rather than cash value accumulation and some of the pricing and reserving issues with respect to those products

Description: Introduction to Private Placement VUL

Description: This guide is intended to provide a broad introduction to several performance-oriented products. It distinguishes variable 'equity-linked' life insurance, universal life 'flexible payment and current fixed yields', variable universal life, and current developments in variable annuities 'primarily minimum death benefits'.

Description: This paper illustrates a procedure for analyzing the sources of profit under FAS 97 and suggests an analytical procedure for reflecting actual experience and revised future assumptions in the recalculation of the estimated gross profit defined by FAS 97.

Description: This session discussion is about universal life enhancements. From Record of the Society of Actuaries Vol. 15, No. 2.

Description: This paper describes the application of source of earnings 'SOE' analysis methodology to the reported pre-tax GAAP income of universal life and other interest-sensitive life and annuity products.

Description: Discusses the emerging proposals for revision of the NAIC Model UL Regulation to address valuation, non-forfeiture, and disclosure concerns. Also discusses product implementation and the current status of state requirements. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: 1988 Valuation Actuary Symposium. The speakers in this session addressed the relative volatility of participating whole life versus universal life and the annual-premium versus single- premium basis.

Description: Presented at May 1986 Spring Meeting. This session discussion is about types of products involved, accounting alternatives, federal income tax considerations, status of FASB proposal, requirements of SEC, and asset/liability matching requirements of regulators.

Description: This session from the 1983 SOA Spring Meeting discusses universal life including examining new product designs, administrative issues and regulatory and tax issues.

Description: Panel discussion session on universal life examining marketing strategy, product line management, replacement programs, federal income taxes from three different viewpoints, mutual company, stock company, and Canadian company

Description: This 1979 session is about current developments in Life products. Products discussed: 1. Adjustable life 2. Universal life 3. Indexed coverages 4. Term Insurance plus accumulation fund 5. Level Premium Term to 100 6. Revertible Term