Universal Life [UL] Secondary Guarantees: What's the Real Risk?secondary guarantees, critical illness and long-term care. Prior to joining AON, Mike worked both in consulting ... away from variable products, and UL has been the primary beneficiary of this shift. However, I think the ...
Description: This presentation is a panel discussion, session 55PD, from the 2004 Spring Meeting of the Society of Actuaries, held June 14-15 in San Antonio, TX. Low new money rates, new reserve requirements and the limited availability of reinsurance solutions have highlighted the risks associated with offering UL secondary guarantees. The panelists discuss the types of risks and emerging practices in risk assessment and pricing of UL secondary guarantees, the current UL market, recent developments in product, and pricing techniques. Discussion from participants is included. From the Record of Society of Actuaries, Volume 30, No. 2.Hide
- Authors: Michael LeBoeuf, Daragh OSullivan, Elinor Friedman, Scott Witt
- Date: Jun 2004
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Life Insurance>Universal life; Reinsurance