Tax Cuts and Jobs Act Considerations for Life Actuaries

Hal Kolpak, ASA, MAA
Aria Zhou, ASA, CERA, MAAA

This session will provide an overview of the recently enacted TCJA provisions that impact life insurance companies. It will focus on the changes to reserve calculations under Internal Revenue Code section 807. The session will also cover actuarial considerations related to the new reserve calculations with respect to life, annuity and health insurance contracts.

Hal Kolpak, ASA, MAAA, is a Manager at Ernst & Young LLP and works in their Hartford, CT office. He has been with the company for 7 years and is responsible for life company tax reserve auditing. His background includes over 30 years of life actuarial experience dealing with life insurance, annuity and health products.

Aria Zhou, ASA, CERA, MAAA, is a Senior at Ernst & Young LLP and works in the Chicago office. She has been with the company for 3 years, working in areas including life company tax reserve auditing and product tax compliance. Her experience includes both life insurance and annuity products.

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