Support is provided for base contracts and riders for universal life, variable universal life, interest-sensitive whole life, and indexed universal life products. Extensive shadow account enhancements with the newest industry features are available.

The MG-Triton® Interest-Sensitive Life (ISL) valuation system provides comprehensive valuation calculations as defined by current U.S. regulatory standards, including:

• Statutory and tax: CRVM and other methods, XXX/AXXX and New York Regulation 147 (including AG XXXVIII 8D and 8E), AG XXXVI (equity-indexed life), AG XXXVII (VL-GMDB), and VM-20.
• GAAP: SFAS 97, SFAS 113, SFAS 115, and SFAS 133, SOP 03-1, and Long-Duration Targeted Improvements (LDTI)

To support statutory and tax valuations, MG-Triton ISL provides:

• A seriatim results file with statutory and tax reserves and results of supporting calculations
• Exhibit 5
• In-force projections of statutory and tax reserves
• Detailed audit reports on a per policy basis

For GAAP, MG-Triton ISL prepares reports of:

• Benefit reserves, including unearned charges and bonus liability
• Summary and projection reports including fund value roll-forwards (combined and variable-only), DAC, URR, and Terminal Dividends roll-forwards including SFAS 115 balances, SFAS 113 Reinsurance Adjustment, and SOP 03-1 liabilities and sales inducements
• Gross profit margins and amortization ratios
• Loss-recognition analysis
• In-force projection of pretax profits and source of earnings
• Detailed audit reports on a per-policy basis
• LDTI support, including DAC and URR input for transition balances, amortization based on in-force projection, experience adjustments, use of prior job to facilitate input of previously forecasted in-force

A wide variety of contractual features are available within MG-Triton ISL. Highlights include:

• Fixed and flexible premiums; monthly and annual fund processing
• Variable life, variable universal life, and equity-indexed life
• Multiple insureds, including up to 10 lives on first-to-die policies
• Twelve underwriting classes; ten cost-of-insurance bands
• Up to three no-lapse guarantee periods, including shadow accounts and guaranteed minimum death benefits
• Bonuses on a wide variety of bases
• Embedded Value can also be calculated
• Variety of riders: Accidental Death Benefit – Primary , Accidental Death Benefit – Spouse, Additional Term, Child Term, Cost of Living, Disability, Estate Preservation, First to Die Waiver, Guaranteed Insurability Option, Joint Life, 10 Other Insureds, Payor, Spouse Term, Waiver, Long Term Care, and Long Term Care – Extension of Benefits