Description: The first Baby Boomers turn 60 this year, which will begin a tidal wave of new retirees in the coming years. Unfortunately for these retirees, the long–term funding of Social Security is unclear, defined benefit plans cover fewer and fewer of today's workers, and defined contribution plan savings rates are generally not high enough to compensate for a lengthy retirement. This article describes how this wave of retirees presents a growing opportunity for the insurance industry.

Description: This session from the Washington Spring Meeting provides an update on variable annuity VA riders, including guaranteed minimum death benefits GMDBs, guaranteed minimum income benefits GMIBs, guaranteed minimum accumulation benefits GMABs and guaranteed minimum withdrawal benefits GMWBs. From the Record of the Society of Actuaries, Volume 29, No. 1, Session 21pd.

Description: Discusses the events of the inaugural Life and Annuity Symposium held May 17 and 18, 2010.

Description: An article from the Chairman of the Product Development Section Council with a brief discussion of plans for the section for the upcoming year 2009.

Description: As the outgoing chair of the Marketing and Distribution Section, I want to thank you for the opportunity to be a part of this section’s leadership. It has been an exciting year to be closely involved with all of our section activities. I especially want to thank the other council members for their help with all we accomplished this year: Van Beach, Ian Duncan, Chris Hause, Nancy Manning, Brian Louth, Jeanne Daharsh, Juliet Sandrowicz and Leonard Mangini. These are the people who have helped make decisions, and they continue to volunteer their time to lead our efforts. From News Direct, January 2006, Issue No. 52.

Description: Full version of Product Matters! May 2006, Issue No. 65.

Description: Full version of The Actuary Newsletter Volume 37, Number 1 - January 2003

Description: Full version of Product Matters! August 2005, Issue No. 62.

Description: A paper entitled “A Regime-Switching Model of Long-Term Stock Returns” appears in the April 2001 issue of the North American Actuarial Journal. In it, Dr. Mary Hardy describes a model for future equity returns and some reasons why that model might better reflect real equity price movements than the often-used lognormal model. The purpose of this article is to apply a two-regime model to variable annnuity GMDB pricing and compare the results to those from a lognormal model.

Description: Full version of Product Matters! October 2007, Issue No. 69.