- Life Insurance and Annuities (A) Committee
- Accelerated Underwriting (A) Working Group
- Annuity Suitability (A) Working Group
- Life Actuarial (A) Task Force
- Experience Reporting (A) Subgroup
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- Indexed Universal Life (IUL) Illustration (A) Subgroup
- Longevity Risk (E/A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
- Valuation Manual (VM)-22 (A) Subgroup
- Life Insurance and Annuities (A) Committee
- Accelerated Underwriting (A) Working Group
- Annuity Suitability (A) Working Group
- Life Actuarial (A) Task Force
- Experience Reporting (A) Subgroup
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- Indexed Universal Life (IUL) Illustration (A) Subgroup
- Longevity Risk (E/A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
- Valuation Manual (VM)-22 (A) Subgroup
2024 Adopted Charge
The Valuation Manual (VM)-22 (A) Subgroup will:
- Recommend requirements for non-variable (fixed) annuities in the accumulation and payout phases for consideration by the Task Force, as appropriate. Continue working with the Academy on a PBR methodology for non-variable annuities.
Public Webex Meeting
Wednesday, October 23, 2024
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 90 Minutes
Webex Link
VM-22 Subgroup Agenda – Oct 23
- VM-22 SPA Draft
- SPA Exposure - Mortality
- Unbuffered Amount calculation for DR
- Location of mortality requirements in SPA section
- Future mortality improvement in GAPV calculation
- Clarification of valuation date for discounting
- Age Nearest Birthday (ANB) vs Age Last Birthday (ALB)
- Structured settlement mortality table clarification
- Mortality flooring for group annuities
- Mortality improvement scale for group annuities
- SPA Exposure - Mortality
- VM-22 PBR Draft
- Potential edits based on field test Q&A VM-22 PBR Draft
- Settlement options
- Funding agreements
- Variable annuitization GLBs with exhausted fund value
- Treatment of PIMR for starting assets
- Applicability of SPA for DR
- Reinvestment guardrail
- SERT
- Threshold
- Mortality shocks
- Potential edits based on field test Q&A VM-22 PBR Draft
Public Webex Meeting
Wednesday, November 06, 2024
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 90 Minutes
Webex Link
To be determined.
Public Webex Meeting
Wednesday, December 11, 2024
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link
To be determined.
Public Webex Meeting
Wednesday, December 18, 2024
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
Webex Link
To be determined.
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Please see the current Committee List for a complete list of committee members.