Sources#

Source ids ([S#]/[R#]) are carried over verbatim from _research/indexed-ul.md (research/access date for all citations: 2026-08-03) and are never renumbered. Only sources actually cited in product-spec.md or technical-notes.md are listed; the research file’s uncited entries (R7, R9) are omitted here but remain in the research file. No new sources were fetched at drafting.

Primary product sources [S#]#

S1. Pacific Life — “Pacific Horizon IUL 2 — Client Guide” (LFC3384-2401 4/24, 24-VER-25A)#

  • Publisher: Pacific Life Insurance Company (Omaha, NE)

  • Doc type: consumer brochure / client guide

  • URL: https://www.pacificlife.com/content/dam/paclife/lid/public/brochures/indexed-universal-life-/LFC3384_HorizonIUL2.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 4 pp.)

S2. Pacific Life — “Pacific Horizon IUL 2 — Your Account Choices” (IUC3996-1124 11/24, 24-VER-80A)#

  • Publisher: Pacific Life Insurance Company

  • Doc type: consumer brochure (indexed-account detail guide)

  • URL: https://www.pacificlife.com/content/dam/paclife/lid/public/brochures/indexed-universal-life-/IUC3996_Horizon_IUL_Guide.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 6 pp.)

S3. Transamerica — “Navigating the Features of the Transamerica Financial Foundation IUL” (agent guide, 23448_FFIULAG1017)#

  • Publisher: Transamerica Life Insurance Company

  • Doc type: producer/agent guide (36 pp., incl. rate tables)

  • URL: https://s3-us-west-2.amazonaws.com/prod-orbital-resources/harpercole/Carriers/Transamerica/Products/IUL+Plans/23448_FFIULAG1017_Agent_Guide_Brochure_FINAL_Digital.pdf (distributor mirror of the Transamerica document; official Transamerica form number 23448_FFIULAG1017)

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 36 pp.)

S4. Transamerica — “A Guide to the Transamerica Financial Foundation IUL Life Insurance Policy” (consumer brochure 258820R5, 09/22)#

  • Publisher: Transamerica Life Insurance Company

  • Doc type: consumer brochure

  • URL: https://ani.transamerica.com/ani/Uploads/Pages/53905/258820R5_0922_FFIUL%20Consumer%20Brochure_D.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 20 pp.)

S5. Nationwide — “Nationwide IUL Accumulator II 2020 — Product overview” (FLM-1490AO.14, 03/26)#

  • Publisher: Nationwide Life and Annuity Insurance Company (Columbus, OH)

  • Doc type: producer-facing product overview / fee & rate disclosure

  • URL: https://financial.nationwide.com/media/pdf/FLM-1490AO.pdf (the same path on nationwidefinancial.com returned HTTP 403; financial.nationwide.com succeeded)

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 4 pp.)

S6. Securian Financial — “Eclipse Accumulator II IUL — A top choice for accumulation IUL” (F108140-16, 3-2026)#

  • Publisher: Minnesota Life Insurance Company / Securian Financial

  • Doc type: producer-facing competitive comparison flyer

  • URL: https://www.securian.com/content/dam/doc/il/eclipse-accumulator-ii-iul-fixed-loans-5-percent_108140-16.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 6 pp.)

S7. Securian Financial — Eclipse Accumulator IUL product page (financial professionals)#

  • Publisher: Securian Financial (Minnesota Life)

  • Doc type: producer product-specification web page (HTML)

  • URL: https://www.securian.com/financial-professionals/products/individual-life-insurance/indexed-universal-life/eclipse-accumulator.html

  • Accessed: 2026-08-03

  • Retrieved: YES (HTML fetched; specifications extracted via WebFetch summarization — see caveat in the research file’s “Gaps”: individual numbers should be re-verified before hard-coding)

S8. Allianz Life — “The benefits of diversifying your fixed index universal life insurance policy — Allianz Life Pro+ Elite” (CSI-486)#

  • Publisher: Allianz Life Insurance Company of North America (Minneapolis, MN)

  • Doc type: consumer flyer (policy form R-9/2018; companion pieces M-5913, M-6070, M-5640)

  • URL: https://www.allianzlife.com/life-insurance/-/media/files/Allianz/PDFs/life/csi-486.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 2 pp.)

Regulatory and actuarial references from the product research file [R#]#

R1. NAIC Actuarial Guideline XLIX-A (AG 49-A), incl. the 2023 revisions (commonly called “AG 49-B”)#

  • Publisher: National Association of Insurance Commissioners

  • Title: “Actuarial Guideline XLIX-A — The Application of the Life Illustrations Model Regulation to Policies with Index-Based Interest Sold (On or After December 14, 2020)”; adopted by Life Actuarial (A) Task Force 12/11/2022 and Life Insurance and Annuities (A) Committee 2/24/2023; includes project history of the 2023 revisions

  • URL: https://content.naic.org/sites/default/files/committees-pending-action-actuarial-guideline-xlix-a-230224.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 6 pp.)

R2. NAIC Life Insurance Illustrations Model Regulation (Model #582)#

  • Publisher: NAIC (Model Laws, Regulations, Guidelines — April 2001 printing)

  • URL: https://content.naic.org/sites/default/files/model-law-582.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 14 pp.)

R3. NAIC Valuation Manual — Jan. 1, 2026 Edition (incl. VM-01, VM-20)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 457 pp.)

R4. IRC §7702 — Life insurance contract defined#

  • Publisher: Legal Information Institute, Cornell Law School (U.S. Code)

  • URL: https://www.law.cornell.edu/uscode/text/26/7702

  • Accessed: 2026-08-03

  • Retrieved: YES (HTML fetched and summarized)

R5. IRC §7702A — Modified endowment contract defined#

  • Publisher: Legal Information Institute, Cornell Law School

  • URL: https://www.law.cornell.edu/uscode/text/26/7702A

  • Accessed: 2026-08-03

  • Retrieved: YES (HTML fetched and summarized)

R6. SOA Product Matters! (June 2023) — B. Hoffer, “Actuarial Guideline XLIX (AG49): Past, Present and Future”#

  • Publisher: Society of Actuaries, Product Development Section

  • URL: https://www.soa.org/sections/product-dev/product-dev-newsletter/2023/june/pm-2023-06-hoffer/

  • Accessed: 2026-08-03

  • Retrieved: YES (HTML fetched and summarized)

R8. American Academy of Actuaries — Life Illustrations Practice Note (September 2021 update)#

  • Publisher: American Academy of Actuaries, Life Illustrations Work Group

  • URL: https://actuary.org/wp-content/uploads/2021/09/Life_Illustrations_Practice_Note_Update.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched and summarized)

R10. NAIC Universal Life Insurance Model Regulation (Model #585)#

  • Publisher: NAIC (Model Laws — January 2001 printing)

  • URL: https://content.naic.org/sites/default/files/model-law-585.pdf

  • Accessed: 2026-08-03

  • Retrieved: YES (PDF fetched, full text extracted, 14 pp.)

Cross-product references [REG-R#]#

Cited as [REG-R#] to avoid collision with the product research file’s own R# numbering. Full bibliographic entries (publisher, URL, doc type, fetched/not-fetched status, and annotations) live in _research/regulatory-actuarial.md; the shared reference library is references/regulatory-and-actuarial-references.md (same R-numbering, which now runs R1–R157, with most of the R73–R149 block unused). R1–R34 originate in _research/regulatory-actuarial.md and R35–R72 in _research/regulatory-actuarial-annuities.md; R150–R157 are the NAIC PBR topic page and the seven AP&P Manual appendix items read at first hand on 2026-08-06, bibliographed in the reference library and, for the three this product cites, reproduced at the end of this section. Entries cited in the two documents:

Tag

Short title

Fetched (per bibliography)

REG-R1

NAIC Standard Valuation Law (Model #820)

yes

REG-R3

NAIC Valuation Manual, Jan. 1, 2026 Edition (VM-01/02/20/31 …)

yes

REG-R5

NAIC Universal Life Insurance Model Regulation (Model #585)

yes

REG-R7

Actuarial Guideline XXXVIII (AG 38, 2012 text incl. 8D/8E)

yes

REG-R9

SOA Product Matters! June 2023 — AG 49 lineage article (Hoffer)

yes

REG-R10

AG 49-A as revised 2023 (“AG 49-B” revisions)

yes

REG-R16

IRC §807 — tax reserves

yes

REG-R17

2017 CSO tables (SOA landing page)

yes

REG-R18

2015 Valuation Basic Table (SOA landing page)

yes

REG-R19

ILEC 2012–2019 individual life mortality experience report (landing)

yes

REG-R20

LIMRA/SOA U.S. Individual Life Persistency Update, 2009–2013 (landing)

yes

REG-R21

2015–2021 UL Premium Persistency and Lapse/Surrender Study (landing)

yes

REG-R23

AAA Life PBR (VM-20) Practice Note, April 2020

yes

REG-R26

ASOP No. 2 — Nonguaranteed Elements

yes

REG-R27

ASOP No. 7 — Life or Health Cash Flow Analysis

yes

REG-R30

ASOP No. 24 — NAIC Life Insurance Illustrations Model Regulation (Dec. 2024 revision)

yes

REG-R31

ASOP No. 52 — Principle-Based Reserves for Life Products

yes

REG-R32

ASOP No. 56 — Modeling

yes

Cross-product entry retained as a superseded-but-kept record (REG-R110)#

product-spec.md cites REG-R110 alongside REG-R153 and REG-R155 for the formulaic reserve leg. The library retains superseded records deliberately: the entry below is frozen, preserved with its internal phrasing and pointers unaltered, and R153 and R154 record what has since superseded parts of its limit. Id, title, publisher, URL, access date, fetched marker and limits are carried from references/regulatory-and-actuarial-references.md.

REG-R110. VM-A: Appendix A — Requirements (Valuation Manual, Jan. 1, 2026 Edition)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf (pages A-1 to A-2; same document as R3)

  • Accessed: 2026-08-04

  • Fetched: yes (local text extraction; the complete two-page index read)

  • Limit carried forward: VM-A is an index, not a text. The requirements it indexes — above all A-820 (minimum life and annuity reserve standards) and A-830 (valuation of life insurance policies) — live in AP&P Appendix A and were not retrieved, because the reserves stream worked under R33’s “paid publication” assumption. Formulaic CRVM detail in this directory therefore rests on the Standard Valuation Law itself (R1) and Model #830 (R6).

  • Superseded in fact for five of the items it indexes, the sentence above being preserved verbatim as the record of what was true when it was written. A-820 is now R153, A-830 is R154, A-585 is R155, A-250 is R156 and A-255 is R157, all read in full from the same free As of March 2026 download as R73. A-270, A-791, A-812, A-815, VM-A-814 and A-817 are still unretrieved, and A-270, although extracted alongside R155, has no reference id assigned and is therefore not citable.

AP&P Manual appendix items read after drafting (REG-R153, REG-R154, REG-R155)#

Added on 2026-08-06, when the NAIC Accounting Practices and Procedures Manual turned out to be a free download rather than the paid publication R33 had recorded, and seven of its appendix items were read at first hand as R151–R157. This product cites three of them — R153 (A-820, with A-821 and A-822), R154 (A-830) and R155 (A-585). R151 (AG 33), R152 (AG 35), R156 (A-250) and R157 (A-255) are annuity items this product’s documents do not cite and are not reproduced here; their full records are in references/regulatory-and-actuarial-references.md. Ids, titles, publishers, URLs, access dates, fetched markers and carried limits below are carried from references/regulatory-and-actuarial-references.md. Nothing was newly fetched here and no id is renumbered.

One physical document behind R151–R157. All seven are appendix items of the NAIC Accounting Practices and Procedures Manual, As of March 2026 — the same 2,117-page consolidated PDF already catalogued as R73, a free download from content.naic.org (catalogue entry “APPM-2026 … Free Download” on https://content.naic.org/publications; file https://content.naic.org/sites/default/files/publication-app-manual.pdf). They take appendix-level ids rather than being folded into R73 so a document can cite A-585 ¶8.c instead of a 2,117-page manual. Each was read by local text extraction from that download.

Edition line, stated once for all three. None of these items prints “As of March 2026” on its own pages. Every extracted page carries only the footer “© 1999-2026 National Association of Insurance Commissioners”, which is a copyright span, not an adoption, effective or revision date for any of these instruments and must never be cited as one. The “As of March 2026” designation is the manual’s own front matter, recorded at R73.

Licence caution, inherited from R73. Personal and non-commercial use; redistribution or integration “into any software or other publication” requires written NAIC permission. This product’s documents paraphrase the mechanics and cite the paragraph, quoting only short anchors.

A-270 (Variable Life Insurance) was extracted alongside R155 at printed pages A270-1 to A270-3 = PDF pages 1097–1099, but the extraction assigned it no reference id. Nothing in this product’s documents is cited from it, and it is referred to descriptively if at all. No reference id has been allocated to A-270, so it must not be cited as a REG entry.

REG-R153. Appendix A-820 — Minimum Life and Annuity Reserve Standards (with Appendix A-821, Annuity Mortality Table for Use in Determining Reserve Liabilities for Annuities, and Appendix A-822, Asset Adequacy Analysis Requirements)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Volume I, Appendix A — Excerpts of NAIC Model Laws; A-820 printed A820-1 to A820-13 = PDF pages 1186–1198, A-821 printed A821-1 to A821-6 = PDF pages 1199–1204, A-822 printed A822-1 = PDF page 1205; same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; A-820 ¶¶1–28 read in full, A-821 read in full including the 2012 IAM Period Table and Projection Scale G2 printed at its Appendices I–IV, and A-822’s four paragraphs read in full)

  • Limits carried forward from _research/appp-a820-a821-a822.md: “As of March 2026” is not printed on PDF pp. 1186–1205 — cite the copyright footer for what those pages print. A-821 prints only the 2012 IAM Period Table and Projection Scale G2; the 1994 GAR table and its AA_x factors, the Annuity 2000 table and 1983 Table “a” are named and not printed, so A-821 ¶16 is not computable from library sources, and no standard is printed for individual annuities issued before 1 January 2001. A-820 names its life mortality tables without printing them and the 2017 CSO is nowhere in its text. Three text-layer repairs are recorded in the research file rather than hidden: the lost fraction bar at ¶7.a.i(a) (the term is (W/2)·(R2 − .09)), the lost R1/R2 subscripts, and the ¶8.c weighting-factor tables, which were reassembled by column position from a scrambled layer. Two internal oddities are recorded as printed and not reconciled: ¶22’s empty window and ¶7’s “effective date of the Codification”, a threshold whose date A-820 never prints. Naming trap: AP&P Appendix A-822 is not NAIC Model #822 — A-820’s own header does not list Model #820 while A-822’s does.

  • Supersedes in fact: the A-820 half of R110’s limit (“A-820 and A-830 as printed in the AP&P Manual were not retrieved”), and, for the paragraphs it carries, the reliance on R1 and R6 alone. R110 is frozen and is preserved unaltered above.

REG-R154. Appendix A-830 — Valuation of Life Insurance Policies (Including the Introduction and Use of New Select Mortality Factors)#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Volume I, Appendix A — Excerpts of NAIC Model Laws; printed pages A830-1 to A830-27 = PDF pages 1206–1232 — operative text A830-1 to A830-14 (PDF 1206–1219), the Attachment heading and explanatory note at A830-15 (PDF 1220), and the six select-mortality-factor tables at A830-16 to A830-27 (PDF 1221–1232); same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; ¶¶1–32 and the Attachment read in full; the six factor tables transcribed programmatically, each parsing to 71 issue-age rows × 20 duration columns)

  • Limits carried forward from _research/appp-a830.md: the appendix is a flat sequence of paragraphs ¶¶1–32 plus an unnumbered Attachment and has no Sections at all, so a “Model 830 Section 7” citation does not resolve against this print — the ULSG material is at ¶¶29–32 — and the words “Model #830” and “Regulation XXX” appear nowhere in it. It prints no calendar effective date for itself: “the effective date of this appendix” is an unresolved placeholder used eleven times, and the only calendar dates printed anywhere are the 1 January 2004 cutover to the 2001 CSO. There is no worked numerical example in it, no AG 38 content, no prescribed X value, and no annuity content. Its ¶17 X-factor cross-reference is garbled in the print and is flagged rather than resolved, as is ¶32.b’s unnamed “other appendices governing universal life plans”. The transcribed factor tables were not checked against an independent copy and are not reproduced in this directory.

  • Supersedes in fact: the A-830 half of R110’s limit, and the second-hand reliance on Model #830 (R6) for the segmented/unitary construction. R6 and R110 are frozen and unaltered.

REG-R155. Appendix A-585 — Universal Life Insurance#

  • Publisher: NAIC

  • URL: https://content.naic.org/sites/default/files/publication-app-manual.pdf — Volume I, Appendix A — Excerpts of NAIC Model Laws; printed pages A585-1 to A585-4 = PDF pages 1102–1105; same physical document as R73

  • Accessed: 2026-08-06

  • Fetched: yes (local text extraction; ¶¶1–13 and all three footnotes read in full)

  • Limits carried forward from _research/appp-a585-a250-a255-a270.md: the item’s own “Relevant NAIC Model Laws/Regulations” line names only the Standard Valuation Law (#820) — it does not name Model #585 anywhere, so “A-585 is Model #585 §5” is unsupported by this print, and Model #585 (R5) was not re-read against it. A-585 carries the valuation half only: no nonforfeiture provisions, no mandatory policy provisions, no annual-report requirements and no separate interest-indexed UL section. It prints no effective date and no number of any kind — every rate, table and factor is delegated to A-820 (¶¶8.j, 10) — and its ¶8.f pointer to “paragraph 9 of Appendix A-820” does not resolve against the A-820 print read at R153, where ¶9 is the reference-interest-rate paragraph. The fraction bars in ¶¶8.a.ii, 8.f and 13 are lost in the text layer, so those denominators are inferred from layout, not read from a bar character.

Note the deliberate duplications across the two numbering systems: R1 = REG-R10 (AG 49-A as revised), R2 = REG-R4 (Model 582, not separately cited), R3 = REG-R3 (Valuation Manual), R4 = REG-R13 (IRC §7702, not separately cited), R5 = REG-R14 (IRC §7702A, not separately cited), R6 = REG-R9 (SOA AG 49 article), R8 = REG-R24 (AAA illustrations practice note, not separately cited), R10 = REG-R5 (Model 585). Where both tags appear in the documents they refer to the same underlying document.

Provenance note#

Extraction details live in _research/indexed-ul.md: that file records which facts came from which source, the fetch method (PDFs downloaded and text-extracted locally with pypdf; S7 extracted via WebFetch summarization — re-verify its individual numbers before hard-coding), the failed-fetch log, and the gaps/caveats list (non-public COI, per-unit, and surrender-charge tables; cap-snapshot volatility; unverified maturity-age inference). All “current” rates cited in the drafted documents are non-guaranteed carrier declarations as of each document’s print date (2017–2026) and should be treated as calibration snapshots, not fixed parameters.

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