Steven A. Eisenberg, FSA, MAAA
, is a Consulting Actuary
with 50 years of experience in the Insurance Industry
. He is a Fellow of the Society of Actuaries (1973) and a Member of the American Academy of Actuaries (1975).
- Mr. Eisenberg's experience includes actuarial design, administration and illustration of various life insurance and annuity products, including traditional and non-traditional insurance products, universal life (or excess interest products), and both general account and separate account variable insurance COI charges products. It, also, includes pricing these products and developing appropriate actuarial assumptions (e.g. mortality and life expectancy, interest and discount rates, compensation, profitability expense assumptions).
He is also a co-inventor of several patents dealing with financial derivatives(swaps) relating to longevity and mortality mitigation.
In 1986, Mr. Eisenberg pioneered the development of large case COLI and BOLI and unwind strategies that are still used today. He is a renown expert in designing, developing, and evaluating Bank-owned life insurance (BOLI) and Corporate-owned life insurance (COLI) programs for insurance companies, banks, other financial institutions, brokers and litigation clients. This includes developing appropriate actuarial assumptions (mortality and longevity, COI charges, lapses and surrenders, expenses, taxes, interest and discount rates, compensation, policy dividends and life insurance company profitability and investment exposure (disintermediation)). He also developed administrative procedures, sophisticated illustration systems (for example, utilization of policy loans and partial surrenders) and insurable interest issues. His expertise also includes policy owner tax issues (e.g. Section 264, 7702, 7702A, 1035) and legislative changes. He has evaluated the appropriateness of these products (general or separate account including stable value) for corporate and bank policy owners, including the accounting and financial impact to the policy owners..
His services are offered to clients nationwide.
View Steven Eisenberg's Expert Witness Profile