Life Practice Council

The Life Practice Council oversees the Academy's public policy work on life insurance issues. The Academy's vice president for life issues heads the council and serves on the Academy Executive Committee and Board of Directors.

The council manages the work of its committees, task forces, and work groups, which are listed here.

Life Practice Council

• Life Financial Reporting Committee
• Life Products Committee
  • Nonforfeiture Improvement Work Group
  • Illustrations Work Group
• Life Financial Soundness/Risk Management Committee
  • Tax Work Group
  • PBA Website Work Group
  • Life Governance
  • Valuation Law and Manual Team
    • » Valuation Law and Manual Team Subgroup 1
    • » Valuation Law and Manual Team Subgroup 2
    • » Valuation Law and Manual Team Subgroup 3
    • » Valuation Law and Manual Team Subgroup 4
  • Accounting Practices Work Group
  • Consistency: Principles, Summary, Definitions, and Report Format Work Group
  • Life Reinsurance Work Group
  • Modeling Efficiency Work Group
  • Life Principles-Based Approach Practice Note Work Group
  • Group Life Wavier of Premium Valuation Table Work Group
  • Pre-Need Mortality Work Group
• Life Capital Adequacy Group
  • Economic Scenario Work Group
  • Life Capital Work Group
  • Annuity Capital Work Group
  • Closed Block Work Group
  • Invested Asset Work Group
• Life Valuation Subcommittee
  • Variable Annuity Reserve Work Group
  • Life Reserves Work Group
    • » Modeling Subgroup
    • » Variable Universal Life Subgroup
    • » Asset Subgroup
    • » Tax Advisory Subgroup
  • Annuity Reserve Work Group
  • Credibility Work Group
• Life Experience Subcommittee

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