Description: This session will provide an overview of the evolution of equity-based guarantees (e.g. VA, FIA, etc.) over the last few years and discuss the current lay of the land as it relates to the regulatory, issues, capital markets (e.g. Department of Labor, Dodd-Frank) environment in which these products are offered.

Description: 2003 Valuation Actuary Symposium, San Diego, CA. This session covered the practical aspects of implementing the Statement of Position on accounting and reporting by insurance enterprises for certain nontraditional long-duration contracts and for separate accounts. Specific items include SA reporting, multiple account value products, guaranteed minimum death and living benefit reserves and sales inducements

Description: Panelists discuss Securities and Exchange Commission [SEC] and state regulatory developments, variable product sales results, newer product features, why variable products will be successful, and software assistance for the products. From the 1987 Record of Society of Actuaries Vol. 13, No. 4A.

Description: In this paper the authors present a proposed solution to some difficult problems which have plagued those who have designed variable benefit plans. From Transactions of Society of Actuaries 1963, Vol. 15, Pt. 1, No. 43.

Description: Discusses the ways in which insurers can position themselves in today's annuity marketplace, the market-value-adjusted fixed annuity, and marketing of annuity products through the stock-brokerage channel. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: Starting with a review of recent VA and FIA industry policyholder behavior experience, this session will explore several critical elements in developing a sustainable and coherent framework to translate this complex experience data to assumption models, particularly for guarantee features such as GLWBs. The discussion will include the use of industry- and company-level data in building customized predictive models, and integrating models across behaviors such as income utilization and surrenders.

Description: The presentation will outline the different possibilities insurance companies have to hedge their equity risk for the various products.

Description: Panelists [1] provide a market update on variable universal life [VUL] and single-premium variable life insurance [SPVLI], and also discuss: [2] new variable-product designs and features, [3] reserves being held for back-loaded variable products, [4] fixed-rate and real-estate investment options, and [5] guaranteed minimum death benefits [GMDBs] under SPVLI policies and single-premium variable annuities, including reserve issues for GMDBs. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4A.

Description: Panelists provide background and updates on a number of statutory issues relating to life and annuity products, including statutory codification implementation, Actuarial Guideline MMMM, Actuarial Guideline AXXX and implications of the movement to the 2001 CSO table. Changes to federal reporting requirements, through the Sarbanes-Oxley Act, are briefly discussed relative to the recent accounting problems in the news. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 78OF of the Boston Annual Meeting.

Description: The speaker of this session will discuss some common difficulties one encounters when dealing with exotic equity linked derivatives. In particular, a study of a Monthly Sum Cap (MSC) will be presented. Pricing issues, along with dynamic hedging, as well as projections of MSC into the future will also be discussed. Time permitting, some aspects of historical performance will also be addressed