Description: Update on Federal Tax Issues Under the 2001 CSO Mortality Tables

Description: This article provides a summary of selected sessions of the October 2010 NAIC meeting.

Description: A commentary on whether or not the Illustrations Regulation has been successful.

Description: The IRS released the details of a program to allow life insurers to correct inadvertent failures to comply with the modified endowment MEC rules under section 7702A of the Internal Revenue Code the “Code”.

Description: This article discusses the proper slope of mortality tables, especially at the high attained ages.

Description: Chairperson’s column describing activities the Product Development section has undertaken to date.

Description: A look back over 20 years to see how product topics of the day have changed and remained the same.

Description: This article details different methods for calculating mortality impact associated with new underwriting programs. A common simplified calculation is compared and contrasted with two first principles approaches. The strengths and weaknesses of both approaches are discussed.

Description: The paper describes a cost-benefit analysis to determine the value of electronic health records (EHRs) in life insurance accelerated underwriting programs. Sample cases from a carrier were underwritten pre-EHR and post-EHR and the mortality savings estimates from risk class changes using EHRs was compared to procurement costs. Results were developed to cover a range of scenarios. Factors to consider for carriers evaluating the cost-effectiveness of using EHRs in their own accelerated underwriting programs are also described.

Description: This article discusses the importance, measurement and improvement of product development efficiency.