Description: This is the digest from the informal discussion reviewing the 1951 Impairment study. It is the latest in a series of studies covering mortality of impaired risks. It covers the experience under Ordinary insurance issued from 1935 to 1949 traced to the anniversaries in 1950. Standard and substandard policies were studied separately.

Description: Presented at the March 1975 Spring Meeting. Discusses whether traditional valuation principles can provide as much financial security in the future as in the past, including GAAP, impact of changing asset values on cash flow, and regulatory developments.

Description: This section consists of the following reports, Activities of the Subcommittee on Variable Contracts of the ALC-LIAA Actuarial Committee, Alternate Routes, and Recent Mortality under Individual Immediate Annuities. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 61.

Description: This 1978 SOA session presented some provisional findings of the new Build and Blood Pressure Study. Some of the findings: 1. The average weights of men in the new study exceed the corresponding weights in the previous 1959 study by 2 to 8 pounds in the thirties, and by up to 5 pounds in the fifties. 2. The mortality ratios of overweight men are not significantly different in the new study from those in the 1959 study. 3. Markedly overweight men experienced lower mortality in the current study than in the 1959 study. 4. Men weighing 20 percent below average recorded 10 to 15 percent higher mortality in the new study than in the 1959 study. 5. Mortality of overweight women is relatively lower than that of overweight men. 6. Mortality of men with elevated systolic and diastolic pressures was appreciably lower than in the 1959 study. 7. Mortality of women with moderately elevated systolic and diastolic pressures was not significantly different from that in the 1959 study. 8. The presence of minor impairments alongside of blood pressures in excess of 150/90 usually produced significant increases in mortality.

Description: This discussion focuses on trends in the insurance industry and factors influencing the future course of the life insurance industry. From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: This article lists the following topics of current interest that were discussed at the 19th International Congress of Actuaries held in Oslo, Norway from June 19 to June 24, 1972: 1. Life and pension insurance with variable sums insured or variable premiums, 2. Methods of forecasting the development of an insurance company during the next ten years, 3. Private pension schemes and social insurance, and 4. Problems connected with the actuarial treatment of the risk process of an insurance company. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 2D, No. 70.

Description: This is a discussion about substandard mortality vs. standard mortality and the effects it will have on substandard premiums. Topics included: A. Statistical evidence on the trend of substandard mortality. Does it generally follow the trend of standard mortality? B. Effect this should have on substandard extra premiums. C. Does a lowering of substandard extras require any changes in underwriting rules, either as to the range of substandard classes or as to the ratings applied to some of the major impairments?

Description: This study develops mortality ratios, using contemporary population tables as the base, for the 897 Fellows of the two predecessor bodies to the present Society observed to anniversaries in 1985. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This is a discussion about various underwriting issues including broadening the standard class at younger ages, overinsurance, mortality experience on guaranteed and automatic issue and taking smoking habits into account in underwriting life insurance risks. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: Discussion of the following underwriting topics: A. In view of the low rates of mortality currently experienced on standard lives, is the standard classification too narrow? B. Do substandard extra premiums at the lower ratings make fair provision for the additional expenses incurred on substandard policies? C. What problems are encountered in issuing life insurance on persons residing outside the continental United States and Canada? D. What changes have been made recently in non-medical selection and why? E. How could greater use be made of mortality or morbidity studies conducted by hospitals, clinics, government agencies, universities and others outside of the life insurance business?