Life Illustrations Work Group

The Life Illustrations Work Group maintains the Academy’s existing Illustration Practice Note to assure that it reflects changes that have occurred since the original practice note was published. This includes updates to Actuarial Standard of Practice 24, changes in generally accepted practices, and new product designs and/or features.

Staff liaison: Ian Trepanier

Chairperson: Donna Megregian

Vice Chairperson(s): Francis Radnoti, Gayle Donato
Erik Anderson
Mary Bahna-Nolan
Susan Bartholf
Delmer Borah
Laura Hanson
Linda Lankowski
Brian Lessing
Cande Olsen
Arthur Panighetti
Carmen Walter

Related Publications

Life Illustrations Work Group comments to the Actuarial Standards Board (ASB) on revisions to ASOP No. 24 Revision–Compliance with the NAIC Life Insurance Illustrations Model Regulation. (September 29, 2016)
Life Illustrations Work Group comments to the NAIC's IUL Illustrations (A) Subgroup regarding the extension of Actuarial Guideline 49 (AG 49) to all inforce life insurance illustrations. (August 01, 2016)
Life Illustrations Work Group comments to the NAIC’s IUL Illustration (A) Subgroup on revisions to Actuarial Guideline (AG) 49. (March 14, 2016)
Life Illustrations Work Group (LIWG) comments to the NAIC’s Life Insurance and Annuities (A) Committee on the new working group formed to explore disclosures required in Model #580 and #582. (January 29, 2016)
Life Illustrations Work Group comments to LATF’s IUL Illustration (A) Subgroup on the draft revision to Actuarial Guideline (AG) 49. (December 01, 2015)
Life Illustrations Work Group (LIWG) comments to the Life Insurance and Annuities (A) Committee regarding illustration issues that could be reviewed by the proposed Illustration Review (A) Working Group. (September 30, 2015)
Addendum to Illustrations Work Group’s practice note, Actuarial Standard of Practice No. 24: Compliance with the NAIC Life Insurance Illustrations Model Regulation, to reflect the recently adopted Actuarial Guideline 49. (August 28, 2015)
Life Illustrations Work Group IUL Bonus Paper to LATF
Life Illustrations Work Group educational paper describing various bonus structures and the illustration Disciplined Current Scale (DCS) supportability testing for life insurance products subject to the NAIC Life Insurance Illustrations Model Regulation. (August 14, 2015)
Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on proposed actuarial guideline for indexed universal life illustrations. (April 14, 2015)
Life Illustrations Work Group comment letter to NAIC Life Actuarial (A) Task Force on exposed actuarial guideline for indexed universal life illustrations. (March 11, 2015)
Life Illustrations Work Group letter to NAIC Life Actuarial (A) Task Force regarding principles for a sound actuarial guideline on illustrations for life insurance products. (January 08, 2015)
Life Illustrations Work Group comment letter to the NAIC Life Actuarial Task Force (LATF) on the proposed actuarial guidelines for indexed universal life illustrations. (October 28, 2014)
Life Illustrations Work Group comment letter to the Life Actuarial Task Force on ACLI proposal for an Actuarial Guideline for Indexed Universal Life Illustrations.
(May 23, 2014)
Update of the Practice Note for Actuarial Standard of Practice No. 24 on complying with the NAIC Life Insurance Illustrations Model Regulation.
(August 29, 2013)
Illustrations Work Group comments to the NAIC on mortality assumptions used in life insurance. (June 01, 2003)
Work Group Submits Comments on Guidance for Indexed Universal Life Illustrations
Work Group Submits Comments on Proposed Actuarial Guideline for IUL Illustrations
IWG Releases Addendum on Practice Note on NAIC Life Insurance Illustrations Model Regulation
LIWG Submits Comments on Life Insurance Policy Illustration Issues