Policy Categories - Blurry

  • ROLAND R. ROSE: Is your particular first-to-die product a universal life or a par whole life design?
  • MICHAEL J. ROSCOE: Depending on who you talk to, it's an interest-sensitive whole life or a fixed premium universal life, but it's not a par whole life policy.

1991 - SOA - Product Update - Individual Life, Society of Actuaries - 18p

  • The Annual Statement Instructions specifically state that excess interest whole llfe, which is another name for fixed premium universal life insurance, is covered by these requirements.

1988 - SOA - Actuarial Opinion on Non-Guaranteed Elements, Society of Actuaries - 12p

  • JOHN O. MONTGOMERY: Concerning market value adjusted products, aren't they very close to variable life and variable annuities?
  • JOSEPH L. BLATTNER: I think the answer is that they are close.
    • The distinction is made between a variable product and a fixed product in that with the latter there is a fixed guaranteed rate for some period of time.

1984 - SOA - Annuities for Individuals, Society of Actuaries - 24p