Data Dictionary
Item Number K270
LIFE INSURANCE ASSETS: HYBRID ACCOUNT LIFE INSURANCE ASSETSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCKK270 | 2011-03-31 | 9999-12-31 | No | FR Y-9C |
| RCFDK270 | 2011-03-31 | 9999-12-31 | No | FFIEC 031 |
| RCONK270 | 2011-03-31 | 9999-12-31 | No | FFIEC 041 |
| RCONK270 | 2011-03-31 | 9999-12-31 | No | FFIEC 051 |
Data Description:
Report the amount of the bank's holdings of life insurance assets associated with hybrid account insurance policies. A hybrid account insurance policy combines features of both general and separate account insurance products. Similar to a general account life insurance policy, the general assets of the insurance company issuing the policy support the policy's cash surrender value. However, like a separate account policy, the assets of a hybrid account assets are protected from claims on the insurer. Additionally, the bank holding the hybrid account life insurance policy is able to select the investment strategy in which the insurance premiums are invested. Hybrid policies do not offer stable value protection, but generally offer a guaranteed minimum crediting rate.