GAAP for Term Life

[sKansKi]

I'm looking for GAAP accounting standards & other actuarial info for a Term life product.

We're reevaluating the GAAP reserve & DAC calculations, and I really have no idea where to start. I need to confirm or deny that what we have is correct.

What sources of information are out there?

[JimActuary]

FAS 60 (https://www.fasb.org/pdf/fas60.pdf)

U.S. GAAP for Life Insurers, 2nd Edition, available from the SOA book store and amazon.

[JMO]

Originally Posted by JimActuary

FAS 60 (https://www.fasb.org/pdf/fas60.pdf)

U.S. GAAP for Life Insurers, 2nd Edition, available from the SOA book store and amazon.

Unless the "term" product is a modified whole life plan (with YRT tail).