LE*XTRAS™ XXX Traditional Reserve Actuarial System

LE*XTRAS™ funnels years of experience and technical insight into precise solutions for all of your life insurance product needs. As a Windows-based proprietary software program, LE*XTRAS™ generates tables of cash values, reserve factors, and audit detail for regulatory requirements:

• Whole Life
• Retirement Income
• Endowment
• Deposit Term
• Level Term
• Indexed Death Benefit Whole Life
• Decreasing Term (Annual and Monthly)

FEATURES THAT COUNT
LE*XTRAS™ offers flexibility that addresses all valuation, pricing, and regulatory issues: 

• For statutory and tax purposes, valuation reports generate basic life insurance reserves (mean, interpolated or mid-terminal), nondeduction reserves, immediate payment of claim reserves, deficiency reserves, and premium refund reserves.
• Net and gross due and deferred premiums are summarized in the valuation reports along with gross advance premiums. Statutory and tax net premiums are utilized.
• Tax reserve valuation performed at the policy level.
• Full "XXX" options. LE*XTRAS™ generates unitary and segmented reserves. Final tables of basic, deficiency or combined basic and deficiency reserves may be produced. LE*XTRAS™ ensures compliance with "X Factor" limitations under Section 5.B of the Model Regulation as well as unitary exemptions under Section 6.C. through 6.H.
• Generates complete tables of Statutory and Tax Basis Reserve factors.
• Flexibility to build a hierarchy of products with "copy" ability to avoid redundant inputs.
• Selection of pricing and/or valuation mortality tables for calculation of values. Generation of ETI and RPU Tables.
• Audit Feature allows you to calculate detailed durational values for any in-force or new policy.
• Clipboard features allow easy input/export of mortality, premium rate and factor tables to spreadsheet or other applications.
• LE*XTRAS™ displays all annuity and life insurance valuation interest rates, Applicable Federal Interest Rates (AFIR) and IMR grouped amortization schedules based on user defined parameters.
• LE*XTRAS™ is updated to reflect changes in current interest rates, mortality tables and valuation requirements.
• LE*XTRAS™ can "feed" LEAPPS® to reduce time in coding plan/issue age cells for pricing and corporate modeling.
• Generates reserves for immediate annuities and structured settlements based on defined benefit structures.
• Supports Actuarial Guideline XXV dealing with indexed death benefit whole life.