Description: This article is historical in nature and explores the impacts of traditional life insurance products offering cash surrender values. This article intended to show that by offering cash surrender value, insurance companies became less exposed to the risk of mis-estimated lapse assumptions. This article presents an illustrative case study to highlight this dynamic. This article also explores the issues with traditional life insurance products that arose in the 1970s and 1980 and led to the introduction of Universal Life in the U.S.

Description: The IRS released the details of a program to allow life insurers to correct inadvertent failures to comply with the modified endowment MEC rules under section 7702A of the Internal Revenue Code the “Code”.

Description: Chairperson’s views on the changing life insurance industry.

Description: Factors for insurers to consider when developing their first equity-indexed universal life product.

Description: discussion of a new product idea for retirement planning which integrates a variety of needs estate death benefit, annuity income, disability income, etc. into one product

Description: Discusses the middle market for life insurance and the types of insurers and products in it.

Description: Farewell memo from outgoing section chairperson to section members.

Description: This article discusses the development process and the impact of implementing levelized commission products.

Description: Discusses Product Development Section activities at the upcoming SOA Annual Meeting in the fall.

Description: Oliver Wyman surveyed the life insurance industry in 2Q 2018 on emerging life PBR practices. Key takeaways and a deeper dive on select practices are provided.