AXIS Module - Universal Life

Uses of the AXIS Universal Life Module include:

• Pricing and design
• Valuation
• Financial Statements
• Statistics on number of lives and total face amounts
• Cashflow projection and testing
• Surplus adequacy testing
• Required Surplus
• Illustration actuary testing
• Embedded Value and appraisal
• Asset liability management
• Stochastic analysis
• Margin analysis
• Aggregate stochastic reserve and capital requirement based on CTE methodology
• NAIC Financials
• US GAAP Financials

The AXIS Universal Life Module contains a comprehensive collection of features for modeling Universal Life insurance policies, including:

• Variable Universal Life
• Specified premium and shadow account no lapse guarantees
• Multiple policyholder investment accounts of various types
• Policy loan modeling
• Multiple reinsurance treaties
• Modeling policy riders with base policy
• Multiple Life policies and multiple decrement assumptions
• Policyholder behavior modeling
• Dynamic Valuation

Additionally, the AXIS Universal Life Module supports many reserves methods, including:

• Principles-Based Valuation (US)
• Policy Premium Method (PPM)
• US GAAP SFAS 97
• Commissioners Reserve Valuation Method
• XXX reserves, NAIC Model Regulation 830
• AXXX reserves, NAIC Actuarial Guideline XXXVIII
• Variable Life GMDB reserves
• NAIC Actuarial Guideline XXXVII
• New York Regulation 147

Up to 6 reserve bases may be run simultaneously.