Life Insurance Accounting

by WALLE » Fri Mar 20, 2009 10:02 am
Posts: 19
Joined: 20 Mar 2009

Does anyone know, how Life Insurance Accounting works ? I never explore this area before. :?:

Total Comments: 7

Posted: Fri Mar 20, 2009 07:14 pm Post Subject: Life Insurance Accounting

Lori,

No one is here to have discussion on this topic. Is it really hard?

Posted: Sun Mar 22, 2009 05:47 pm Post Subject:

Are you talking about working for a life insurance company in the accounting department, and what it entails? I imagine it would be pretty extensive...it would probably include not only payment of premiums, but also cash value / investment / and other issues!

Posted: Mon Mar 23, 2009 01:26 pm Post Subject:

yes, Chris

I am talking in same line, as u understood. I know the area is really vast but it is interesting too.

Posted: Tue Mar 24, 2009 01:07 pm Post Subject:

Lori,

No one is here to have discussion on this topic. Is it really hard?

Walle your OP was too open..I didn't understand what you wanted either.. :? What exactly do you want to know?

Posted: Wed Mar 25, 2009 06:18 am Post Subject:

Lori,

First of all, I want to know how companies maintain financial accounts, under different heads. Take example for IRAs they have to maintain individual accounts and in case of pure life policy it can be with General account, because you need not to track separately. Am I making sense? Let me know your thoughts.

Posted: Wed Mar 25, 2009 01:04 pm Post Subject:

Yes, you are making sense, however I haven't a clue really..are you talking about how the money that will be paid out is held? hopefully someone with some knowledge and skill in that area will pop in on your thread...

Posted: Thu Mar 26, 2009 09:57 am Post Subject:

Thanks Lori,

Yup hope is only factor to remain positive. Although I am writing paper on general accounting practices followed by Life & Annuities Companies, but still long way to go before dawn
.

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