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

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 discusses how the proposed actuarial guideline XYZ attempts to address secondary guarantees on minimum nonforfeiture values.

Description: This article discusses the effects of a reduction in the life valuation interest rate and the adoption of the 2001 CSO table. From Small Talk Newsletter, November 2005, Issue No. 25.

Description: Background information on the calculation of the statutory valuation and nonforfeiture maximum interest rates and a brief discussion on the effect that changing interest rates will have on some typical life insurance products.

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 about the maximum rates permitted for valuation and nonforfeiture that have remained steady for life insurance since 1995. From Small Talk Newsletter, June 2005, Issue No. 24.

Description: This paper presents blended 1980 CSO and Commissioners Extended Term CET Smoker and Nonsmoker mortality tables using the same methodology and pivotal age as used in the composite blended tables and for the same percentages of male to total, viz., 80, 60, 50, 40, and 20 percent. From Transactions of Society of Actuaries 1987, Vol. 39.

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.