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Impact of VM-20 on life insurance product development: Phase 214 August 2017 - By Paul M. Fedchak and Jacqueline M. Keating and Karen K. Rudolph and Uri Sobel and Andrew Steenman - Article

Phase 2 of this research report expands on the Phase 1 case studies for term and universal life with secondary guarantees (ULSG) products and includes additional case studies focused on smaller companies and the impact of reinsurance.

Impact of VM-20 on life insurance product development10 January 2017 - By Jacqueline M. Keating and Paul M. Fedchak and Karen K. Rudolph and Uri Sobel and Andrew Steenman - Article

This report summarizes changes to the product development process as a result of the introduction of principle-based reserves as required under Chapter 20 of the National Association of Insurance Commissioners Valuation Manual (VM-20) through the development of case studies for term and universal life with secondary guarantees products.

Universal life secondary guarantee insurance: Pricing and financial reporting considerations29 February 2012 - By Andrew Steenman - Article
A discussion of pricing and financial reporting aspects of universal life products with long-term secondary guarantees.
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