MG-Triton Traditional Life


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The MG-Triton® Traditional Life valuation system performs all of the necessary statutory, tax, and GAAP reserve calculations for term and permanent life insurance base policies and riders as defined by U.S. regulatory standards, including:

  • statutory methods include support for all established methods including Guideline XXX and New York Regulation 147
  • GAAP methods include: SFAS 60; SFAS 97 (Limited-Pay); SFAS 113, SFAS 115, and SFAS 120

To support statutory and tax valuations, MG-Triton Traditional Life provides:

  • a seriatim results file with statutory and tax reserves and results of supporting calculations
  • change in reserve report
  • Exhibit 5 report
  • in-force projections of exhibit of life, statutory and tax reserves, and statutory net income
  • detailed audit reports on a per-policy basis

For GAAP, MG-Triton Traditional Life provides:

  • a seriatim results file with GAAP reserves and DAC and results of supporting calculations
  • change in reserve and change in DAC asset reports
  • in-force projection of cash flows, pretax profits, source of earnings, and loss recognition
  • detailed audit reports on a per-policy basis

A wide variety of contractual features are available as well, including:

  • premium schedule: level, limited-pay, step, graded and re-entry
  • dividends: annual policyholder dividends and terminal dividends
  • benefit structure: level, increasing, decreasing
  • number of insureds: single, joint, joint and last survivor ("second-to-die")
  • special features: premium vanish, retirement income, pre-need, deferred maturity, extended term, reduced paid-up, reinsurance

Next Steps

For more information, contact: