Secondary Guarantees â UL & VUL Products - Actuary.com

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Valuation – The Impact of AXXX • Deficiency Reserve is reduced by Catch −Up × Deficiency Re serve Basic + Deficiency Re serve – Deficiency reserve may not be less than zero. • Adjustment for a catch-up provision effectively only impacts a Stipulated Level Premium design. 13
Valuation – The Impact of AXXX • Adjusting XXX reserves for pre-funding the secondary guarantee premiums. – To establish appropriate reserve levels for Shadow Account and ART designs. – Impacts Stipulated Level Premium designs, but not as dramatically. 14
Page 1 and 2: Secondary Guarantees - UL & VUL Pro
Page 3 and 4: Universal Life Overview 2
Page 5 and 6: Description of Secondary Guarantee
Page 7 and 8: Valuation Changes Impact on Seconda
Page 9 and 10: Valuation - The Impact of XXX • E
Page 11 and 12: Valuation - The Impact of XXX • T
Page 13: Valuation - The Impact of AXXX •
Page 17 and 18: Valuation - The Impact of AXXX 3. D
Page 19 and 20: Valuation - The Impact of AXXX 5. C
Page 21 and 22: Valuation - The Impact of AXXX 7. C
Page 23 and 24: Valuation - The Impact of AXXX 9. D
Page 25 and 26: Methods Used to Manage the Financia
Page 27 and 28: Methods Used to Manage the Financia
Page 29 and 30: Impact of the 2001 CSO Mortality Ta
Page 31 and 32: Case Study - UL Model Office Parame
Page 33 and 34: Impact of Regulation XXX Profitabil
Page 35 and 36: Impact of Regulation AXXX Model Off
Page 37 and 38: Impact of the 2001 CSO Table 1980 C
Page 39 and 40: Closing Remarks • Changes in Regu
Page 41 and 42: General Description • Secondary G
Page 43 and 44: Valuation Requirements • Historic
Page 45 and 46: Actuarial Guideline XXXVII • Set
Page 47 and 48: Actuarial Guideline XXXVII • Defi
Page 49 and 50: OYT Reserve • If the one year pro
Page 51 and 52: AALR • The reserve can never be l
Page 53 and 54: AALR 52
Page 55 and 56: Recent Developments • Restriction
Page 57 and 58: Key Policy Design and Pricing Param
Page 59 and 60: Secondary Guarantee Rider Design
Page 61 and 62: Secondary Guarantee Rider Profit Re
Page 63 and 64: Secondary Guarantee Rider Profit Re
Page 65 and 66:
Secondary Guarantee Rider Profit Re
Page 67 and 68:
VUL Case Study Summary • Placing
Page 69 and 70:
Reinsurance Issues 68
Page 71 and 72:
Reinsurance Issues • Structure
Page 73 and 74:
YRT • Quota Share of Mortality Ri
Page 75 and 76:
YRT-Secondary Guarantee Risk • Re
Page 77 and 78:
Secondary Guarantee Reserves • Us
Page 79 and 80:
• Even more complicated Financial
Page 81 and 82:
Why the Lack of Capacity? • Reins
Page 83 and 84:
Reinsurance Premium Guarantees •
Page 85:
Secondary Guarantees - UL & VUL Pro
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Secondary Guarantees â UL & VUL Products - Actuary.com