- Life Insurance and Annuities (A) Committee
- Accelerated Underwriting (A) Working Group (disbanded)
- Annuity Suitability (A) Working Group
- Life Actuarial (A) Task Force
- Experience Reporting (A) Subgroup
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- Life and Annuity Illustration (A) Subgroup
- Longevity Risk (E/A) Subgroup
- Valuation Manual (VM)-22 (A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
- Life Insurance and Annuities (A) Committee
- Accelerated Underwriting (A) Working Group (disbanded)
- Annuity Suitability (A) Working Group
- Life Actuarial (A) Task Force
- Experience Reporting (A) Subgroup
- Generator of Economic Scenarios (GOES) (E/A) Subgroup
- Life and Annuity Illustration (A) Subgroup
- Longevity Risk (E/A) Subgroup
- Valuation Manual (VM)-22 (A) Subgroup
- Variable Annuities Capital and Reserve (E/A) Subgroup
2025 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, April 02, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
VM-22 Subgroup Agenda – April 9, 2025
- VM-22 Subgroup Schedule in 2025
- SPA Policyholder Behavior Assumptions
- Academy Comments
- ACLI Comments
- Proposed Revisions
- Aggregation
- ACLI Comments
- E&Y Model Office Impacts
- Finalize Decision
- Reserve Category for Deferred Annuities with GLBs and Depleted Fund Value (time pending - may cover on 4/16 call)
- ACLI Comments
- Finalize Decision
- Payout Annuity Threshold for Automatic Exclusion (time pending - may cover on 4/16 call)
- 2024 YE Statistics on Payout Reserves
- Vote on Payout Threshold
- Deterministic Certification Option (time pending - may cover on 4/16 call)
- Academy Comments
- ACLI Comments
- Finalize Decision
Public Webex Meeting
Wednesday, April 16, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 90 Minutes
To be determined.
Public Webex Meeting
Wednesday, April 30, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
To be determined.
Public Webex Meeting
Wednesday, May 14, 2025
3:00 PM ET, 2:00 PM CT, 1:00 PM MT, 12:00 PM PT
Expected Length of Call: 1 hr
The following documents are being exposed for a public comment period ending, Wednesday, March 26, 2025:
- SPA Policy Holder Behavior Assumptions Proposed Edits (Clean)
- SPA Policy Holder Behavior Assumptions Proposed Edits (Redline)
Please send comments to Amy Fitzpatrick by close of business on March 26, 2025.
The following document is being exposed, with specific comment periods for the questions outlined below:
- For items 1 – 3 (Reinvestment Guardrail, SERT Threshold, SERT Mortality Sensitivity), please provide related comments by Feb. 25 to allow for discussion at a Feb. 26 meeting.
- For item 4, please provide comments by Mar. 17.
Please send comments to Amy Fitzpatrick according to the timing outlined above.
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ExploreContacts
Media Inquiries
(816) 783-8909
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Amy Fitzpatrick
Life Associate Actuary
816-783-8837
Please see the current Committee List for a complete list of committee members.