100in1998
03-25-2008, 12:12 PM
I think I understand how to differentiate between the Insurance and investment contracts (5-10% approx of mortality risk, etc), and I understand what FAS 97 for investment contracts is (Deferred annuities, EGPs, etc).
What exactly is FAS 97 for insurance contracts? Is this just the Limited Payment FAS 97, or is there another interpretation?
Also, FAS 97 for UL is basically idential to FAS 97 for deferred annuities. Or am I more confused?
Can anyone help? There just seem to be too many ways to use FAS 97!
What exactly is FAS 97 for insurance contracts? Is this just the Limited Payment FAS 97, or is there another interpretation?
Also, FAS 97 for UL is basically idential to FAS 97 for deferred annuities. Or am I more confused?
Can anyone help? There just seem to be too many ways to use FAS 97!