LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index LIIIWG – Life Insurance Illustration Issues Working Group – NAIC LIIIWG – before start LIIIWG – Ad Hoc Group LIIIWG – extra liiiwg – Questions LIIIWG – References / Documents LIIIWG – Snippets LIIIWG – Snippets of NAIC Proceedings 508 – Timeline –…

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2016 0517 – LIIIWG – NAIC Performance Assurity White Paper Assurity White Paper – in particular, the impact consumer payment patterns have on the performance of the product.  Mr. Wicka said the paper advocates for: 1) additional information to be provided to consumers regarding how the timing of their payments impacts the product; and 2) follow-up information to…

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2016 0403 – LIIIWG – NAIC   Performance Explanation Mr. Schwartzer 1. Discussed its Work Plan Mr. Schwartzer reminded the Working Group that the Life Insurance Illustration Issues (A) Working Group came out of concerns raised when the Indexed Universal Life (IUL) Illustrations (A) Subgroup under the Life Actuarial (A) Task Force was working on guidance for…

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LIIIWG – Snippets 2015 2015-1 2015-2 2015-3 3. (LIAC) Appointed a New Working Group to Address Life Insurance Policy Illustration Issues In response, she <Commissioner McPeak> said the Committee received comments from the American Academy of Actuaries (Academy), the American Council of Life Insurers (ACLI), the California Department of Insurance, the Massachusetts Mutual Life Insurance…

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LIIIWG – Life Insurance Illustration Issues Working Group – NAIC LIIIWG – Life Insurance Illustrations Issues Working Group – NAIC – Index Birny Birnbaum – NAIC Consumer Representative, CEJ Brenda Cude – NAIC Consumer Representative, University of Georgia, Financial Planning, Housing and Consumer Economics Michael Lovendusky – ACLI Mary Mealer – Missouri  Emily Micale -…

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Life Insurance Illustrations Issues Working Group – (LIIIWG) – Snippets 2015-3 3. Appointed a New Working Group to Address Life Insurance Policy Illustration Issues The Life Insurance Illustration Issues (A) Working Group will: Explore how the narrative summary required by Section 7B of the Life Insurance Illustrations Model Regulation (#582) and the policy summary required by Section…

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