Description: This is a discussion of the paper, 'Payment of Reserve in Addition to Face Amount' by Paul W. Nowlin and T. N. E. Greville, which discussed a method for determining the level premium for such coverage. This discussion applies risk theory to the insurance discussed in the paper.

Description: This section contains book reviews and summaries of recently published works on subjects including demography, savings in the U.S., life company state examinations, private pensions, Industrial insurance, medical care, and union welfare plans.

Description: This paper is from the Transactions of Society of Actuaries 1956 Volume 8, Number 20. It was presented at the 1956 Spring Meetings of the Society of Actuaries for discussion. The authors present a method for calculating the level annual premium for a life insurance policy paying the face amount plus reserve at death. The authors’ purpose is to obtain a slightly more general result than previously published formulas, using a more direct route.

Description: This paper looks at mathematical problems formulated in either explicit or implicit form. Followed by several discussion papers submitted

Description: In an increasing population the number of persons falls off from age to age more rapidly than does the stationary population of the life table. This can introduce a systematic bias into life table calculations. The first part of the paper describes an iterative procedure to correct for the bias, extends the method to multiple decrement and associated single decrement life tables, and demonstrates the magnitude of the bias involved. The second part of the paper summarizes the results of applying iterative life table techniques to 165 populations which encompass over a century's experience and include countries from all parts of the world. Followed by discussions submitted by several people

Description: The primary objective of the paper was to develop a straightforward method for constructing an interpolation formula of finite range with desired properties stipulated in advance. This paper had in view mainly the application to polynomial interpolation as used in actuarial work. Followed by 2 discussion papers submitted

Description: This is a discussion of the paper, Actuarial Note: Reserves by Different Mortality Tables by Harry Gershenson. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: In general, a complete annuity of one per annum may be defined as a curtate annuity of one per annum with an additional final payment, made a fraction of a year after the last payment of one, representing the accrued portion of the succeeding payment not yet due. This paper explores the relationships which occur if compound interest is used instead of simple interest to calculate the final partial payment.

Description: This is a discussion of the paper, Mortality Experience of Union Civil War Veterans by Robert J. Myers and Louis O. Shudde. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: Development of a formula for the continuous annuity ax:n| in terms of the Makeham parameters A, B, and c, and the force of interest. Followed by several discussion papers submitted