Description: This article presents a discussion of Actuarial Guideline 54 (AG LIV), both the regulatory impetus in its creation as well as the requirements it outlines for a RILA contract to qualify as a variable annuity under the NAIC Variable Annuity Model law and thus be exempt from Fixed Annuity Non-Forfeiture Requirements. Includes an example calculation.

Description: Description of the mathematics involved when looking at low probability events within a company from the perspective of the C-Suite. The accumulation of small probability events leads to a much higher probability of at least one of them happening in a given period.

Description: This article briefly describes the guarantees available within the segregated Fund products sold in Canada along with the associated risks and cost factors.

Description: This article reports the maximum statutory valuation and nonforfeiture interest rates for 1999 issues of selected life insurance products and the maximum statutory valuation interest rates for 1998 issues of selected annuity products.

Description: Compilation of articles that appeared in the December 1988 edition of the Product Development Section Newsletter.

Description: The second part of a two-part Canadian Corner article on Segregated Fund Guarantees. Part I ran in the June 1998 issue of Product Development News.

Description: The 1990s saw the rise of many types of variable investment products within the life insurance industry. It was only natural that hedging strategies and products would emerge in response to the inherent risk of loss of value in variable life and annuity products. This article explains a 21st-century twist on the concept for annuities, the Enhanced Earnings Death Benefit EEDB Rider.

Description: Full version of Product Matters! November 2002, Issue No. 54.

Description: Discussion of the appropriate use of geometric versus arithmetic average returns to use in a stochastic interest rate generator to be equivalent to a deterministic single interest rate scenario.

Description: A discussion of the value a reinsurer can provide beyond assistance through coinsurance with XXX compliance. There are recent signs that the use of coinsurance and the inherent shift of the burden of the reserves to the reinsurers are putting stress on the reinsurers’ capacity limitations. Reinsurers are able to shoulder only so much of the burden of the reserve strain caused by Regulation XXX. What reinsurers do best, and know best, though, is mortality risk. If your company is seeing signs from your reinsurers that this is the case, this article will present some thoughts to consider as to why sales of level term products may still be acceptable, even without the support of coinsurance programs.