Sources#

Source identifiers, titles, publishers, URLs, access dates, and retrieval status are carried over verbatim from _research/term-life.md (product sources [S#]/[R#]) and _research/regulatory-actuarial.md (cross-product references, cited as [REG-R#] to avoid collision with the product file’s R# numbering). Only sources actually cited in product-spec.md or technical-notes.md are listed; numbering is never reused or renumbered. No new sources were fetched at drafting — the two documents rest entirely on the research files.

Access date for all citations: 2026-08-03, except the two AP&P Manual appendix entries R153 and R154, accessed 2026-08-06 and listed in their own sub-table. Those two were fetched after drafting, by the stream that read seven AP&P Manual appendix items at first hand; their metadata is carried from references/regulatory-and-actuarial-references.md.

Primary product sources (S#)#

S1 — Protective Life: “Protective Classic Choice Term — Life Insurance Product Guide”#

Publisher: Protective Life Insurance Company (PLICO), Omaha, NE
Doc type: consumer product guide (PDF, 8 pp., form PLC.665207 (08.25))
URL: https://finpro.protective.com/-/media/project/pli/finpro/download-assets/assets/665000-665999/plc/plc-665207-08-25-protectiveclassicchoiceterm-productguide-09-16-25-digital.pdf
Retrieved: YES (PDF downloaded and text-extracted)

S3 — Lincoln Financial: “Lincoln TermAccel Level Term — Product Reference Guide”#

Publisher: The Lincoln National Life Insurance Company, Fort Wayne, IN
Doc type: producer/agent product reference guide (PDF, 11 pp., LCN 1895883-091317, revised 09/2018)
URL: https://www.lincolnfinancial.com/public/microsite/pdf/TermAccel-Product-Reference-Guide-09.2018.pdf
Retrieved: YES (PDF downloaded and text-extracted)

S4 — Pacific Life: “PL Promise Term Life Insurance — Compare Rates” (19-227E / 15-48861-11 9/23)#

Publisher: Pacific Life Insurance Company, Newport Beach, CA
Doc type: producer rate-comparison flyer (PDF, 2 pp.)
URL: https://life.pacificlife.com/content/dam/paclife-lid/public/plexpress/products/pl-promise-term/15-48861.pdf
Retrieved: YES (PDF downloaded and text-extracted)

S5 — Corebridge Financial: “Select-a-Term on the new SimpliNow Choice platform” (AGLC201669 REV0923)#

Publisher: American General Life Insurance Company (AGL), Houston, TX / The United States Life Insurance Company in the City of New York (US Life) — Corebridge Financial
Doc type: producer guide / product highlights (PDF, 8 pp.)
URL: https://www.gbslife.com/media/29890/aglc201669.pdf (broker-dealer mirror of official Corebridge piece)
Retrieved: YES (PDF downloaded and text-extracted)

S6 — Pacific Life: Specimen policy “ICC12 P12TRF — Level Premium Term Life Insurance” (sample policy)#

Publisher: Pacific Life Insurance Company
Doc type: specimen policy form (sample contract, 17 pp.)
URL: https://www.pacificlife.com/content/dam/paclife/lid/public/sample-policies/Sample%20Policy%20Term%20P12TRF.pdf
Retrieved: YES (PDF downloaded and text-extracted)
Note at drafting: form P12TRF predates the current P16LYT series; contract mechanics are representative but parameters such as the sample 5-year conversion period are plan-specific (research file, Gaps and caveats).

S7 — Protective Life: “Protective Classic Choice” product page (finpro)#

Publisher: Protective Life
Doc type: financial-professional product web page (HTML)
URL: https://finpro.protective.com/protection/term-life/protective-classic-choice
Retrieved: YES

Failed fetches recorded in the research file (contents used only as unverified)#

Protective “Classic Choice term At-a-Glance” PDF, https://finpro.protective.com/-/media/project/pli/finpro/download-assets/assets/2158000-2158999/plag/plag-2158823-05-25-classicchoicetermaag-06-25-25-digital.pdf — HTTP 404. Search-result snippets attributing renewal to age 95 and conversion windows of 8/13/18 years (to age nearest 70) to Protective materials are cited as unverified where used.
Corebridge month-based conversion limits (96th/120th month) come from search snippets, not the fetched S5 document — cited as unverified where used.

Regulatory and actuarial references from the product research file (R#)#

R1 — NAIC Model 830: “Valuation of Life Insurance Policies Model Regulation” (Regulation XXX)#

Publisher: National Association of Insurance Commissioners
Doc type: model regulation (PDF, 35 pp. as extracted)
URL: https://content.naic.org/sites/default/files/model-law-830.pdf
Retrieved: YES (PDF downloaded and text-extracted)

R2 — NAIC: “Valuation Manual” (Jan. 1 current edition; incl. VM-20 Requirements for Principle-Based Reserves for Life Products)#

Publisher: National Association of Insurance Commissioners (copyright 2025)
Doc type: valuation manual / regulation (PDF, 457 pp. as extracted)
URL: https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf
Retrieved: YES (PDF downloaded and text-extracted)

R3 — SOA: “2017 CSO Tables” resource page#

Publisher: Society of Actuaries
Doc type: valuation mortality table resource page (HTML with 13 Excel files)
URL: https://www.soa.org/resources/experience-studies/2015/2017-cso-tables/
Retrieved: YES

R4 — SOA: “U.S. Post-Level Term Lapse & Mortality Experience” report (May 2021)#

Publisher: Society of Actuaries
Doc type: experience study report (PDF, 155 pp.)
URL: https://www.soa.org/globalassets/assets/files/resources/research-report/2021/us-post-level-term-lapse-mort-report.pdf
Retrieved: YES (PDF downloaded and text-extracted)

R5 — IRC Section 7702, “Life insurance contract defined” (26 U.S.C. 7702)#

Publisher: Legal Information Institute, Cornell Law School (statute text)
Doc type: statute
URL: https://www.law.cornell.edu/uscode/text/26/7702
Retrieved: YES
Note: the application-to-term observation (definitional tests trivially satisfied; 7702A not normally implicated) is an analytical note flagged unverified in the research file and remains so flagged where used.

R6 — SOA/LIMRA: “2015-2022 Term and Whole Life Insurance Policy Surrender/Lapse Experience Study Report” (Study Highlights, December 2024)#

Publisher: Society of Actuaries Research Institute and LIMRA
Doc type: experience study highlights report (PDF, 5 pp.)
URL: https://www.soa.org/globalassets/assets/files/resources/experience-studies/2024/15-22-twlls.pdf
Retrieved: YES (PDF downloaded and text-extracted)

R7 — SOA: “Report on the Conversion Experience Study for Level Premium Term Plans” (2016)#

Publisher: Society of Actuaries (research by RGA: Meisinger, Ma, Megregian, Proebsting)
Doc type: experience study report landing page (report PDF listed)
URL: https://www.soa.org/resources/research-reports/2016/2016-report-conversion-experience-term-plans/ (report PDF: https://www.soa.org/globalassets/assets/files/research/research-2016-06-conversion-mortality-study.pdf, not fetched)
Retrieved: YES (landing page only)
Note: the in-progress SOA/LIMRA 2009-2023 successor study and the 2000-2014 coverage of the 2016 report are unverified (from search snippets, not the fetched page).

R8 — SOA ILEC: “2019 Individual Life Insurance Mortality Experience Report” (October 2024)#

Publisher: Society of Actuaries Research Institute, Individual Life Experience Committee
Doc type: inter-company mortality experience report landing page (main PDF listed)
URL: https://www.soa.org/resources/research-reports/2024/ilec-mort-2012-19 (main report PDF: https://www.soa.org/globalassets/assets/files/resources/research-report/2024/ilec-mort-main.pdf, fetched only as landing page)
Retrieved: YES (landing page only)
Note: the expected basis 2015 VBT RR100 is unverified (from search snippet).

Cross-product regulatory references ([REG-R#])#

These are cited from the cross-product bibliography, _research/regulatory-actuarial.md (its own R1–R34 numbering; cited here with the REG- prefix). 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; R35–R72 are annuity-specific entries from _research/regulatory-actuarial-annuities.md and are not cited here); the bibliography records full annotations and retrieval status. Entries cited in the two documents:

Tag	Short title	Publisher	URL	Fetched
REG-R1	Standard Valuation Law (Model #820)	NAIC	https://content.naic.org/sites/default/files/model-law-820.pdf	yes
REG-R2	Standard Nonforfeiture Law for Life Insurance (Model #808)	NAIC	https://content.naic.org/sites/default/files/model-law-808.pdf	yes
REG-R3	Valuation Manual, Jan. 1, 2026 Edition (VM-01/02/20/31, VM-C/M/G/V)	NAIC	https://content.naic.org/sites/default/files/pbr_data_valuation_manual_current_edition.pdf	yes
REG-R6	Valuation of Life Insurance Policies Model Regulation (Model #830, “Regulation XXX”)	NAIC	https://content.naic.org/sites/default/files/model-law-830.pdf	yes
REG-R11	Actuarial Guideline XLVIII (AG 48)	NAIC	https://content.naic.org/sites/default/files/inline-files/committees_ex_pbr_implementation_tf_related_actuarial_guideline_ag48.pdf	yes
REG-R12	Term and Universal Life Insurance Reserve Financing Model Regulation (Model #787)	NAIC	https://content.naic.org/sites/default/files/model-law-787.pdf	yes
REG-R13	26 U.S.C. § 7702 — Life insurance contract defined	LII, Cornell Law School	https://www.law.cornell.edu/uscode/text/26/7702	yes
REG-R16	26 U.S.C. § 807 — Rules for certain reserves (tax reserves)	LII, Cornell Law School	https://www.law.cornell.edu/uscode/text/26/807	yes
REG-R17	2017 Commissioners Standard Ordinary (CSO) Tables	SOA	https://www.soa.org/resources/experience-studies/2015/2017-cso-tables/	yes (landing page)
REG-R18	2015 Valuation Basic Table (VBT) — Report and Tables	SOA	https://www.soa.org/resources/experience-studies/2015/2015-valuation-basic-tables/	yes (landing page)
REG-R19	2019 Individual Life Insurance Mortality Experience Report (ILEC, 2012–2019)	SOA Research Institute — ILEC	https://www.soa.org/resources/research-reports/2024/ilec-mort-2012-19	yes (landing page)
REG-R20	U.S. Individual Life Insurance Persistency Update (LIMRA/SOA, 2009–2013)	LIMRA and SOA	https://www.soa.org/resources/research-reports/2019/2009-13-us-ind-life-persistency-update/	yes (landing page)
REG-R22	U.S. Post-Level Term Lapse and Mortality Experience Report (2021)	SOA (research by SCOR)	https://www.soa.org/resources/experience-studies/2021/us-post-level-term-lapse-mortality/	yes (landing page)
REG-R23	Life Principle-Based Reserves (PBR) Under VM-20 — Practice Note (April 2020)	American Academy of Actuaries	https://www.actuary.org/sites/default/files/2020-04/VM-20_PN_2020_Version_0.pdf	yes
REG-R25	Life PBR Assumptions Resource Manual (January 2019)	American Academy of Actuaries	https://www.actuary.org/sites/default/files/files/publications/PBR_Assumptions_Resource_Manual_012919.pdf	yes
REG-R27	ASOP No. 7 — Life or Health Cash Flow Analysis (rev. Dec. 2025)	Actuarial Standards Board	https://www.actuarialstandardsboard.org/asops/life-or-health-cash-flow-analysis/	yes
REG-R29	ASOP No. 22 — SAO Based on Asset Adequacy Analysis	Actuarial Standards Board	https://www.actuarialstandardsboard.org/asops/asop-no-22-statements-of-actuarial-opinion-based-on-asset-adequacy-analysis-for-life-insurance-annuity-or-health-insurance-reserves-and-other-liabilities/	yes
REG-R32	ASOP No. 56 — Modeling	Actuarial Standards Board	https://www.actuarialstandardsboard.org/asops/modeling-3/	yes
REG-R34	FASB ASU No. 2018-12 (LDTI)	FASB	https://www.fasb.org (deep links blocked, HTTP 403; see bibliography entry)	no — annotation corroborated from secondary summaries only; cited content remains unverified

AP&P Manual appendix entries read at first hand (added 2026-08-06)#

Ids, titles, publishers, URLs, access dates and fetched markers below are carried from references/regulatory-and-actuarial-references.md, which itself carries them from _research/appp-a820-a821-a822.md (R153) and _research/appp-a830.md (R154). Nothing is renumbered. Both are appendix items of the same physical document already catalogued as R73 — the NAIC Accounting Practices and Procedures Manual, As of March 2026, a free download from content.naic.org — and take appendix-level ids so that a document can cite A-820 ¶15 or A-830 ¶21 rather than a 2,117-page manual. Each was read by local text extraction from that download. The shared numbering runs R1–R157; R151, R152 and R155–R157 are the other five appendix items of that batch and are not cited by this product.

Tag	Title	Publisher	URL and location	Accessed	Fetched
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)	NAIC	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	2026-08-06	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)
REG-R154	Appendix A-830 — Valuation of Life Insurance Policies (Including the Introduction and Use of New Select Mortality Factors)	NAIC	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	2026-08-06	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)

Edition line, stated once for both. Neither item 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, 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. The manual is licensed for personal and non-commercial use; redistribution or integration “into any software or other publication” requires written NAIC permission. product-spec.md and technical-notes.md paraphrase the mechanics and cite the paragraph, quoting only short anchors.

Limits carried forward verbatim.

REG-R153. “As of March 2026” is not printed on PDF pp. 1186–1205 — cite the copyright footer for what those pages print. 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. (A-821’s annuity content is not cited by this product.)
REG-R154. 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, 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.

Retrieval limits carried forward verbatim, reproduced here because their discharge is stated at the point of use in technical-notes.md:

REG-R33 / REG-R110. The AP&P Manual’s As of March 2026 edition is in fact a free download and was retrieved in full as R73, superseding R33’s “paid, not fetched” record. The statutory-reserves stream originally worked under the R33 assumption and recorded that Appendix A items A-820 and A-830 were not read; that limit is now discharged — A-820 (with A-821 and A-822) was read in full as REG-R153 and A-830 in full as REG-R154, and formulaic CRVM and XXX detail in this product’s documents no longer rests on the Standard Valuation Law REG-R1 and Model #830 REG-R6 alone. R33 and R110 are frozen and are left exactly as written — a superseded record is evidence of what was true when it was made. VM-A remains an index, not a text. Still unread: the Actuarial Guideline I text, the interpretive vehicle for deficiency reserves in the VM-C index REG-R41; and A-830’s own outward cross-reference to A-817 (preneed), not relevant to this product. Neither A-820 nor A-830 prints any mortality table it names.

Provenance note#

Extraction details live in _research/term-life.md: that file records which facts came from which source (per-source key-facts lists and the “Extracted specifications” section), including which claims are unverified because the underlying document could not be fetched. The cross-product regulatory annotations live in _research/regulatory-actuarial.md, whose retrieval-status table governs the “Fetched” column above; the two AP&P Manual appendix items added on 2026-08-06 have their own extraction files, _research/appp-a820-a821-a822.md (R153) and _research/appp-a830.md (R154), and references/regulatory-and-actuarial-references.md is the metadata of record for both. product-spec.md and technical-notes.md in this directory cite only what those files record; standardizations introduced at drafting are marked std in both documents and are not attributed to any source. The two appendix reads closed a retrieval limit, not a standardization — no std in either document was upgraded on this pass, because neither A-820 nor A-830 supplies a value that any of them stands in for.