Web29 Oct 2012 · Ever since being introduced, secondary guarantee universal life (SGUL) policies have been under the microscope of state regulators responsible for ensuring … WebContractual guarantees offered by life insurance companies that state policies are guaranteed to pay a death benefit even if the accumulation/cash surrender value falls to $0. Rather than the accumulation/cash surrender value sustaining the policy, the life insurance company provides a secondary guarantee that it will pay the death benefit regardless of …

Universal’s joint problem: Low interest and lapse rates

Web24 Jun 2024 · In insurance lingo, Guaranteed Universal Life is also called “Secondary Guarantee Universal Life (SGUL)”, “GUL,” or “no lapse.”. Think of GUL as a policy which lets … Web7 Nov 2010 · Universal life policies with secondary guarantees have also been a big hit: Throughout the first half of 2010, UL with secondary, or no-lapse, guarantees —which ensure that the policyholder ... lea uusitalo

Actuarial Guideline XXXVIII (AG 38) - National Association …

Webapplied to Universal Life products with secondary guarantees and the further development of Valuation Manual 20 2 (VM 20) which defines the principles based approach (PBA) for … Web25 May 2024 · Performed analysis of multiple life, annuity, group benefits, health and pension blocks as part of numerous buy-side due diligence … Web12 Aug 2024 · Actuarial Guideline 38 was created in 2003 to clarify Valuation of Life Insurance Policies Regulation (#830)—commonly referred to as Regulation XXX—which set forth reserve requirements for all universal life products that employ secondary guarantees (ULSG), with or without shadow account funds. lea ukraine