The MG-Triton® Interest-Sensitive Life (ISL) valuation system provides comprehensive valuation calculations as defined by current U.S. regulatory standards, including:

• statutory and tax: CRVM and other methods, XXX/AXXX and New York Regulation 147 (including AG XXXVIII), AG XXXVI (equity-indexed life), and AG XXXVII (VL-GMDB)
• GAAP: SFAS 97, SFAS 113 and SFAS 115 in addition to SOP 03-1 and 05-1

For GAAP, MG-Triton ISL prepares reports of:

• benefit reserves, including unearned charges and bonus liability
• summary and projection reports including Analysis of Change in Fund Value, Analysis of Change in Deferred Acquisition Cost Asset, Analysis of Change in Unearned Revenue Reserve, Analysis of Change in Terminal Dividend Reserve, and Analysis of Change in SFAS 113 Reinsurance Adjustment Liability, on a SFAS 97 and SFAS 115 basis
• gross profit margins and amortization ratios
• loss-recognition analysis
• in-force projection of pretax profits and source of earnings
• detailed audit reports on a per-policy basis

Finally, a wide variety of contractual features are available within MG-Triton ISL. Highlights include:

• fixed and flexible premiums; monthly and annual fund processing
• variable life, variable universal life, and equity-indexed life
• multiple insureds, including up to six lives on first-to-die policies
• twelve underwriting classes; six cost-of-insurance bands
• up to three no-lapse guarantee periods, including shadow accounts and guaranteed minimum death benefits
• bonuses, on a wide variety of bases