The Life Risk-Based Capital (E) Working Group adopted a proposal for changes to the life and fraternal RBC factors and instructions during a June 8, 2018 conference call, with such proposal adopted by the Capital Adequacy (E) Task Force during a June 28, 2018 conference call. The proposal addresses changes to the life and fraternal RBC factors and instructions to reflect the current tax environment following U.S. tax reform, specifically focusing on changes to the RBC ratio denominator in order to reflect the corporate tax rate decrease from 35% to 21%. With the assistance of the American Academy of Actuaries, the Working Group is preparing a guidance document for state regulators to use in evaluating companies’ year-end 2018 RBC ratios in light of tax reform and these recently adopted changes to the RBC factors and instructions. The Working Group hopes to consider the adoption of the guidance document at the NAIC’s Fall 2018 National Meeting.