Financial modeling

MG-Triton

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Modules

Milliman currently offers five MG-Triton® systems. They are:

MG-Triton Interest-Sensitive Life
MG-Triton Traditional Life
MG-Triton Deferred Annuity
MG-Triton Payout Annuity
MG-Triton Health

MG-Triton Interest-Sensitive Life

Support is provided for base contracts and riders for universal life, variable universal life, interest-sensitive whole life, and indexed universal life products. Extensive shadow account enhancements with the newest industry features are available.

The MG-Triton® Interest-Sensitive Life (ISL) valuation system provides comprehensive valuation calculations as defined by current U.S. regulatory standards, including:

Statutory and tax: CRVM and other methods, XXX/AXXX and New York Regulation 147 (including AG XXXVIII 8D and 8E), AG XXXVI (equity-indexed life), AG XXXVII (VL-GMDB), and VM-20.
GAAP: SFAS 97, SFAS 113, SFAS 115, and SFAS 133, SOP 03-1, and Long-Duration Targeted Improvements (LDTI)

To support statutory and tax valuations, MG-Triton ISL provides:

A seriatim results file with statutory and tax reserves and results of supporting calculations
Exhibit 5
In-force projections of statutory and tax reserves
Detailed audit reports on a per policy basis

For GAAP, MG-Triton ISL prepares reports of:

Benefit reserves, including unearned charges and bonus liability
Summary and projection reports including fund value roll-forwards (combined and variable-only), DAC, URR, and Terminal Dividends roll-forwards including SFAS 115 balances, SFAS 113 Reinsurance Adjustment, and SOP 03-1 liabilities and sales inducements
Gross profit margins and amortization ratios
Loss-recognition analysis
In-force projection of pretax profits and source of earnings
Detailed audit reports on a per-policy basis
LDTI support, including DAC and URR input for transition balances, amortization based on in-force projection, experience adjustments, use of prior job to facilitate input of previously forecasted in-force

A wide variety of contractual features are available within MG-Triton ISL. Highlights include:

Fixed and flexible premiums; monthly and annual fund processing
Variable life, variable universal life, and equity-indexed life
Multiple insureds, including up to 10 lives on first-to-die policies
Twelve underwriting classes; ten cost-of-insurance bands
Up to three no-lapse guarantee periods, including shadow accounts and guaranteed minimum death benefits
Bonuses on a wide variety of bases
Embedded Value can also be calculated
Variety of riders: Accidental Death Benefit – Primary , Accidental Death Benefit – Spouse, Additional Term, Child Term, Cost of Living, Disability, Estate Preservation, First to Die Waiver, Guaranteed Insurability Option, Joint Life, 10 Other Insureds, Payor, Spouse Term, Waiver, Long Term Care, and Long Term Care – Extension of Benefits

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Principal

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MG-Triton Interest-Sensitive Life

The MG-Triton® Interest-Sensitive Life (ISL) valuation system provides comprehensive valuation calculations as defined by current U.S. regulatory standards, including:

Statutory and tax: CRVM and other methods, XXX/AXXX and New York Regulation 147 (including AG XXXVIII 8D and 8E), AG XXXVI (equity-indexed life), AG XXXVII (VL-GMDB), and VM-20.
GAAP: SFAS 97, SFAS 113, SFAS 115, and SFAS 133, SOP 03-1, and Long-Duration Targeted Improvements (LDTI)

To support statutory and tax valuations, MG-Triton ISL provides:

A seriatim results file with statutory and tax reserves and results of supporting calculations
Exhibit 5
In-force projections of statutory and tax reserves
Detailed audit reports on a per policy basis

For GAAP, MG-Triton ISL prepares reports of:

Benefit reserves, including unearned charges and bonus liability
Summary and projection reports including fund value roll-forwards (combined and variable-only), DAC, URR, and Terminal Dividends roll-forwards including SFAS 115 balances, SFAS 113 Reinsurance Adjustment, and SOP 03-1 liabilities and sales inducements
Gross profit margins and amortization ratios
Loss-recognition analysis
In-force projection of pretax profits and source of earnings
Detailed audit reports on a per-policy basis
LDTI support, including DAC and URR input for transition balances, amortization based on in-force projection, experience adjustments, use of prior job to facilitate input of previously forecasted in-force

A wide variety of contractual features are available within MG-Triton ISL. Highlights include:

Fixed and flexible premiums; monthly and annual fund processing
Variable life, variable universal life, and equity-indexed life
Multiple insureds, including up to 10 lives on first-to-die policies
Twelve underwriting classes; ten cost-of-insurance bands
Up to three no-lapse guarantee periods, including shadow accounts and guaranteed minimum death benefits
Bonuses on a wide variety of bases
Embedded Value can also be calculated
Variety of riders: Accidental Death Benefit – Primary , Accidental Death Benefit – Spouse, Additional Term, Child Term, Cost of Living, Disability, Estate Preservation, First to Die Waiver, Guaranteed Insurability Option, Joint Life, 10 Other Insureds, Payor, Spouse Term, Waiver, Long Term Care, and Long Term Care – Extension of Benefits

MG-Triton

MG-Triton

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Modules

MG-Triton Interest-Sensitive Life

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Connect with Milliman experts

Ken Saucier

Contact us

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MG-Triton

Modules

MG-Triton Interest-Sensitive Life

CHOOSE A LOCATION AND LANGUAGE