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  #1  
Old 05-25-2018, 03:03 PM
sKansKi sKansKi is offline
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Default GAAP for Term Life

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?
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Old 06-19-2018, 11:00 AM
JimActuary JimActuary is offline
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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.
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Old 06-19-2018, 11:43 AM
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Carol Marler
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Quote:
Originally Posted by JimActuary View Post
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).
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