Description: The purpose of this paper is to illustrate the effects of projected mortality on the pricing and valuation of individual immediate annuities. Also discusses considerations in underwriting substandard annuities. Finally, a discussion of this paper is included.

Description: This is a discussion of the paper, Calculation of Approximate Annuity Values on a Mortality Basis that Provides for Future Improvements in Mortality by Charles M. Sternhell. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.

Description: Discusses the titled paper by McCarter regarding a new payout annuity mortality table and with projections.

Description: This is a brief discussion on the paper by Eugene A. Rasor and T. N. E. Greville titled, 'Complete Annuities', which addressed the calculation of a payout life annuity factor. The commentary notes that the complete annuity is actually a refund annuity, where a proportional share of the final payment made say a premium payment is refunded as of date of death.

Description: Many seniors who own houses in the United States have most of their wealth in their houses. Home Equity Conversion Mortgages are designed to allow seniors to borrow money against their house. This paper describes a stochastic simulation approach used to estimate the amount of a level-payment annuity payable as long as the senior is alive and living in his/her home. From Actuarial Research Clearing House 1990, VOL. 2.

Description: 1959 intercompany study of mortality under individual immediate and refund annuities issued between 1931 through 1957 and covering experience between anniversaries from 1953-1958.