Description: Whole life insurance nonforfeiture options may be actuarially equivalent at the time premium payments end. When the entire remaining lifetime of the policy is fully considered; however, significant differences emerge in expenses between paying the cash surrender value, converting to reduced paid-up, or converting to extended term insurance. This article explores how a company might manage its existing nonforfeiture options and consider what to continue to offer after a product refiling with that entire lifetime in mind.

Description: A look back over 20 years to see how product topics of the day have changed and remained the same.

Description: Technology now supports customized non-level death benefits which help consumers optimize their coverage and cost. Creating individual policies and individually pricing them for a level premium quote is the start of personalizing and optimizing coverage and cost for consumers and pricing life insurance policies at the individual consumer level --- a revolution for actuaries.