Life Practice Council

Life Practice Council

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

Related Publications

LPC Gives Update to LATF at NAIC Spring Meeting

The Academy gave an update on Life Practice Council (LPC) activity to the NAIC’s Life Actuarial (A) Task Force (LATF) at NAIC’s Spring National Meeting in San Diego.
Topics: Life
Date Published: 03/26/2026
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Life Products Committee Comments to NAIC

The Life Products Committee sent a comment letter to the NAIC’s Life Insurance and Annuity Illustrations (A) Working Group on annuities issues from the working group’s February meeting.
Topics: Life
Date Published: 03/24/2026
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C-1 Subcommittee Presents at NAIC on CLO Project

C-1 Subcommittee Chairperson Steve Smith gave an update on the collateralized loan obligation (CLO) comparable attributes project to the NAIC’s Risk-Based Capital Investment Risk and Evaluation...
Date Published: 03/23/2026
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Comments on VM-22 GIC Funding

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on an exposure regarding VM-22 Funding Agreements GIC Stable Value.
Date Published: 03/19/2026
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Comments on VM-22 Aggregation

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on APF 2025-20 regarding VM-22 Aggregation.
Date Published: 03/19/2026
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Comments on VM-22 Settlement Options

The Annuity Reserves and Capital Subcommittee submitted comments to the NAIC’s Life Actuarial (A) Task Force on an exposure regarding APF2025-19 VM-22 Settlement Options.
Date Published: 03/19/2026
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Comments on Proposed IUL Drafting Group

The Life Products Committee submitted a comment on the exposed question on nonforfeiture clarifications. In particular, the Committee offered support of the formation of a drafting group to consider...
Date Published: 03/12/2026
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Comments on VM-22 In-Force Questions

The Annuity Reserves and Capital Subcommittee submitted a comment letter in response to the Life Actuarial (A) Task Force’s VM-22 In Force Questions exposed during the 2025 Fall National Meeting
Date Published: 03/12/2026
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Comments on Illiquidity Spreads in PBR Calculations

The Annuity Reserve and Capital Subcommittee submitted comments on principles for applying an Illiquidity Spread in PBR calculations to the NAIC’s Life Actuarial (A) Task Force.
Date Published: 03/11/2026
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7702, Valuation Rate, and Applicable Federal Interest Rate Calculator

The Academy’s Tax Committee has developed general reference spreadsheets to assist actuaries who wish to explore the calculation of the Internal Revenue Code (IRC) Section 7702: Minimum Interest...
Date Published: 02/17/2026
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Comments to Cayman Islands Monetary Authority

The Academy’s Risk Management and Financial Reporting Council and Life Practice Council submitted a joint comment letter to the Cayman Islands Monetary Authority in response to a recent...
Date Published: 02/17/2026
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Fixed Indexed Annuities—Product Mechanics and Risk Management

A new paper from the Academy’s Life Experience Committee offers actuaries an overview of fixed indexed deferred annuities, covering product features, underlying investments, modeling assumptions,...
Date Published: 02/04/2026
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Comments to PRT Reinvestment Guardrail Exposure

The Life Practice Council’s Annuity Reserves and Capital Subcommittee submitted comments to the Life Actuarial (A) Task Force on a recent exposure requesting discussion on the VM-22 investment...
Date Published: 01/23/2026
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C-3 Phase I and Phase II Updates

The Life Practice Council’s C-3 and Variable Annuity Reserves and Capital subcommittees submitted comments on recent NAIC groups’ C-3 exposures.
Date Published: 01/08/2026
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LPC Updates LATF at NAIC Fall Meeting

The Life Practice Council (LPC) gave an update on its activities to the NAIC’s Life Actuarial (A) Task Force (LATF) at the NAIC Fall National Meeting in Hollywood, Fla.
Topics: Life
Date Published: 12/08/2025
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Subcommittee Comments to LATF on VM-22 Settlement Options

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s (LATF) VM-22 Subgroup on VM-22 Settlement Options.
Date Published: 12/04/2025
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Index-Linked Variable Annuity (ILVA)/Registered Index-Linked Annuity (RILA) Policy Paper

The Index-Linked Variable Annuity Subcommittee released the Index-Linked Variable Annuity (ILVA)/Registered Index-Linked Annuity (RILA) Policy Paper, a policy paper that presents a description of...
Date Published: 12/02/2025
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ESG Subcommittee Comments to NAIC on GOES Exposure

The Economic Scenario Generator (ESG) Subcommittee submitted comments on the recent Generator of Economic Scenarios (GOES) exposures, including considerations and recommendations, to the NAIC’s...
Date Published: 11/24/2025
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Subcommittee Comments to NAIC on VM-22

The Annuity Reserves and Capital Subcommittee sent a comment letter to the NAIC Life Actuarial (A) Task Force’s VM-22 Subgroup on the VM-22 Aggregation Exposure.
Date Published: 11/18/2025
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Subcommittee Submits APF to LATF

The Life Reserves Subcommittee submitted an Amendment Proposal Form (APF) on the Discount Rate for VM-20 Stochastic Reserve to the NAIC's Life Actuarial (A) Task Force (LATF).
Topics: Life
Date Published: 11/13/2025
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