Tillinghast

  • James C.H. Anderson
    • aka Jim Anderson, James Anderson
  • William R. Britton, Jr., Vice President and Principal of the Tillinghast firm
  • Doug Doll
    • 1994 - Life insurance consultant at Tillinghast/Towers Perrin
      • 1994 05 - SOA - Factuaries: Douglas Doll, The Actuary, Society of Actuaries - 2p
  • Tom Dardis - Tillinghast's Dallas office who specializes in risk management
  • Elinor Friedman
    • 2003 - SOA - North and South of the Border—Product Distinctions, Society of Actuaries - 22p
  • Ben H. Mitchell, a consulting actuary with Tillinghast in Atlanta - Years-?
  • Michael Tuohy
    • 1985 - SOA - Universal Life Cash Flow Analysis - A Case Study - Michael Tuohy: Tillinghast, Nelson and Warren - Statement of Actuarial Opinion, Statutory Annual Statement of the Mismatch Life Insurance Company for the Year Ended December 31, 1990, arch87v211, Society of Actuaries - 11p
  • Tillinghast Universal Life Analytical Study (TULAS) - <WishList>
  • Mis-selling and market conduct issues in the United States obviously have been important features of the U.S. markets in recent years, and again, some of that ties back to corporate governance.
    • SarbanesOxley obviously will have an impact.

--  Tom Dardis, Tillinghast's Dallas office who specializes in risk management

2004 - SOA - Integrated Risk Management, Society of Actuaries - 22p

Most of us have forgotten the original concept of universal life.

--  Michael R. Tuohy, Tillinghast

1988 - SOA - The Future Economy - Society of Actuaries - 24p

  • Traditional plans are fairly simple in their structure.   
    • One can look at their premiums, their cash values and their dividends, if there happen to be any. 
  • Universal life presents something of a paradox.

--  Ben H. Mitchell, [Bonk: a consulting actuary with Tillinghast in Atlanta - Years-?]

1981 - SOA - Universal Life (RSA81V7N412), Moderator: Samuel H. Turner, Society of Actuaries - 16p 

  • Let's review the basic mechanics of Universal Life.
    • The first thing that has to occur is a premium payment.
      • A premium may be paid at any time and in any amount desired.
    • Whenever a premium is paid, loads are deducted from that premium.
    • The balance is added to a fund.
    • On a monthly basis, cost of insurance charges are deducted from the fund.
    • Expense charges may be deducted from the fund, especially in the early policy years, and interest is added to the fund on a monthly basis.
    • The cash value changes each month based on the net impact of the income and deduction transactions.
    • The policy does not lapse if a premium is not paid; rather, it lapses if the fund balance becomes too small to pay the next month's cost of insurance. 

--  Ben H. Mitchell, [Bonk: a consulting actuary with Tillinghast in Atlanta - Years-?]

1981 - SOA - Universal Life (RSA81V7N412), Moderator: Samuel H. Turner, Society of Actuaries - 16p 

  • The four horsemen threatening the life insurance industry's survival are taxation, expenses, replacement, and inflation.

1983 - SOA - Individual Life Insurance, Society of Actuaries - 22p

  • What happened under TEFRA? Several things:
    • We lost MODCO 820 forever.
    • We had a deceptively modest reduction in 818(c)2.
    • A lot of the teeth were taken out of reinsurance as a tax planning tool.
    • Universal Life was given legitimacy through 101(f).
  • In terms of Anderson's Taxation Horseman, it is now clearly possible for the industry to provide a competitive rate of interest return to policyholders--at least on new money products. 
  • The matter of the existing portfolio of assets is another question, but at least on new money products, the industry is in the position of being able to offer competitive products.
  • In addition, the 818(c)2 adjustment is available for the first time to many companies.

--  William R. Britton, Jr., Tillinghast, Vice President and Principal

1983 - SOA - Individual Life Insurance, Society of Actuaries - 22p

  • Replacement
    • Congress helped out the industry by removing the threat to annuity writers of a possible run on the bank.
    • That run on the bank quite possibly could have fanned out and become an indiscriminate run on the industry at large.
    • TEFRA essentially blessed what had happened in the past, placed a safety net on the annuity business from the company's viewpoint, and essentially removed what was a very urgent and menacing threat.

--  William R. Britton, Jr., Tillinghast, Vice President and Principal

1983 - SOA - Individual Life Insurance, Society of Actuaries - 22p

  • The following tables track recent product design changes using data taken from the Tillinghast Universal Life Analytical Study (TULAS).  <WishList>
    • This is a study of universal life products published monthly for Tillinghast clients.
    • It studies the features of about 250 universal life products.

--  Thomas W. Reese

1991 - SOA - Individual Life Product Development Update, Society of Actuaries - 34p