Milliman currently offers five MG-Triton® systems. They are:
MG-Triton Interest-Sensitive Life
Support is provided for base contracts and riders for universal life, variable universal life, interest-sensitive whole life, and indexed universal life products. Extensive shadow account enhancements with the newest industry features are available.
MG-Triton Traditional Life
Reserve calculations may be made from factor or first principles, including waiver of premium reserves for all traditional, term, and endowment policies and associated riders. All current regulations are supported, including XXX (with ROP), AG 38, and SOP 05-1.
MG-Triton Deferred Annuity
Valuation of fixed, variable, and fixed-indexed deferred annuities is provided. Broad coverage for guaranteed minimum benefits is available. Full multi-scenario calculations are offered for SOP 03-1 and DAC corridor analysis. FIAs supported by AG35 and, for GAAP, by the budget method. In addition, a wide range of options are available to support CARVM calculations and current regulations, including AG43’s Standard Scenario.
MG-Triton Payout Annuity
Full coverage is provided for fixed and variable immediate annuities, and for structured settlement contracts. Guideline IX-A and IX-B is supported, as well as VAGLB reserves. Features such as early retirement, preretirement death benefits, and mortality improvement are easily accessible in the user interface.
Provides support for long-term care, long-term disability, disability income, critical illness, and Medicare supplement policies and their riders. The system calculates both active and claim reserves from either first principles or tabular claim costs, while maintaining multiple statutory bases.