Life Products Committee

The Life Products Committee proactively provides actuarial support, advice, and communications on life and annuity products. The committee focuses on product features and their design, and may coordinate with other committees on financial and solvency issues. The committee communicates with, and provides information to, the membership of the Academy when there are actuarial developments of interest to the membership body that warrant additional communications. The committee also stands ready to respond to regulatory requests on product issues, and proactively seeks areas where the Academy ought to provide input to regulators. The committee engages in the development of public policy at the state, federal, and international levels.

Staff liaison: John Meetz

Chairperson: Linda Lankowski
 Scott Allen
 Mary Bahna-Nolan
 Susan Bartholf
 Andy Ferris
 John Gould
 Scott Haugh
 Michael Kaster
 Martin Kline
 John Macbain
 Cande Olsen
 Timothy Pfeifer
 Kevin Reopel
 Charles Ritzke
 Gabriel Schiminovich
 James Thompson

Related Publications

AIWG Comments to NAFA on Annuity Disclosure Model Regulation
Annuity Illustration Work Group letter to the National Association of Fixed Annuities with comments in response to its recommendations on the Annuity Disclosure Model Regulation. (February 17, 2011)
Comments on Proposed Changes to Unfair Trade Practices Model Act
Life Products Committee comments to the NAIC on travel-related life insurance provisions in a draft model trade law. (July 31, 2007)
Comments to NAIC on Proposed Travel Underwriting Provisions
Letter to the chairman of the NAIC Life Insurance and Annuities Committee from the Life Products Committee on revisions to NAIC Unfair Trade Practices Act Concerning Travel Underwriting with suggested revisions. (January 31, 2007)
Comment Letter to State Regulators on Florida Travel Underwriting
Life Products Committee comment letter to state insurance regulators on Florida travel underwriting rule. (December 01, 2006)
Comment Letter to NAIC on Unfair Trade
Comment Letter on proposed NAIC unfair trade amendment. (December 01, 2006)
Paper for NAIC on Travel Destination
Paper for testimony at an NAIC committee hearing on considering travel destination in life underwriting (September 09, 2006)
LPC Paper for Testimony at NAIC Hearing on Considering Travel Destination in Life Underwriting
Life Products Council paper supporting a move to a principles-based system to the NAIC's Life Insurance and Annuities Committee regarding the travel underwriting issue. (September 09, 2006)
Report on Short-Term Changes Needed in Standard Nonforfeiture Law
Life Products Committee report to the NAIC's Life and Health Actuarial Task Force on short term changes needed to the standard nonforfeiture laws. (September 01, 2006)
Report on Revising Standard Nonforfeiture Laws
Nonforfeiture Improvement Work Group report to the NAIC on revising standard nonforfeiture laws. (June 01, 2003)
Report on Low Interest Rates and Nonforfeiture Law for Individual Deferred Annuities
Life Products Committee report on low interest rates and nonforfeiture law for individual deferred annuities to the NAIC. (December 01, 2002)