Life Policy Papers

Academy Essential Elements paper on the tax treatment of pensions and insurance protections, and the potential public policy trade-offs of changes to the tax code. Essential Elements is a series designed to make actuarial analyses of public policy issues clearer to general audiences.
(November 13, 2017)
Academy Position Statement on support for policy and educational initiatives to increase retirement income options within employer-sponsored defined contribution (DC) plans. (October 31, 2017)
The Principle-Based Reserves Checklist Subgroup of the Model Governance Work Group released a model governance checklist, which is offered as a resource for practicing life actuaries involved in actuarial model governance. (December 1, 2016)
Life Practice Council brief and FAQ supporting the adoption of the NAIC model Standard Valuation Law and Principle-Based Reserves. (January 15, 2015)
Report by AOM Discussion Group on ideas to improve the communication of issues within the appointed actuary’s memorandum. 
(March 19, 2014)
Discussion paper by the Lifetime Income Risk Joint Task Force that examines the importance of a secure income that lasts an entire lifetime. (June 19, 2013)
Report on the results of a survey of modeling efficiency techniques among U.S. life insurers in 2012. (April 18, 2013)
Tax Work Group discussion paper regarding tax implications for structuring new commissioners’ mortality tables to include the extra mortality risk of business not subject to full underwriting. (December 14, 2011)
Tax Work Group discussion paper to the Life Actuarial Task Force and the American Council of Life Insurers regarding tax implications for structuring new commissioners’ mortality tables to include the extra mortality risk of business not subject to full underwriting. (December 7, 2011)
Nonforfeiture Modernization Work Group's Nonforfeiture Improvement Report that makes certain recommendations with respect to life insurance and annuity nonforfeiture mandates and sets forth certain items for further discussion. (August 1, 2011)
Nonforfeiture Improvement Work Group's policy paper regarding general revision of life and annuity standard nonforfeiture laws. (December 1, 2009)
Committee on Life Insurance Financial Reporting (COLIFR) report on its GAAP survey.
(April 2, 2001)
Life Insurance Financial Reporting Committee comments on the New York State Insurance Department's draft survey about VAGLBs. (January 24, 2001)
Numerical Examples Group report compares the Unified Valuation System (UVS) to the existing statutory valuation for a sample company. (June 12, 2000)