Event:  May 2007 Meeting

Topic:  The Pension Protection Act and its Impact on Combination Product Design
The Pension Protection Act (PPA), which was signed into law in August, has important if not profound implications for insurers, insureds, and annuitants.  The focus of this discussion is the critical impact that the PPA has on the sale of what many refer to as combination or integrated products.  The combinations are generally Life Insurance plus a Long Term Care (LTC) feature, and Annuities plus a Long Term Care feature.  For such products the PPA builds on existing law.  The Health Insurance Portability and Accountability Act, fondly known as HIPAA, became law in 1996 and is the key foundation for combination products.  Consequently, any discussion of the key provisions of the PPA should begin with a review of this law. 

Speaker:  Cary Lakenbach is President of Actuarial Strategies, in Bloomfield, CT.  He has over 30 years of experience in the profession.  The firm's focus is on core actuarial services and market/distribution oriented product offerings.  Specialties include combination products of all kinds, as well as term offerings for both Middle America and high end applications.  A major sub-specialty is return of premium.  Actuarial Strategies has pioneered new simplified issue processes and products in collaboration with its own staff underwriter. 

Date:  Wednesday, May 16, 2007 
3:30 Registration / 4:00  Speaker / 5:00  Hors d’oeuvres

Location:Blue Cross & Blue Shield of IL, CAL Auditorium B
300 E. Randolph St., Chicago, IL 60601