Description: This paper identifies and discusses certain critical GAAP issues, such as the development of appropriate valuation assumptions, the applicability of the lock-in principle, and the evaluation of recoverability of deferred acquisition cost. In addition, the paper describes a valuation procedure that may be used to implement prospective changes to current valuation assumptions for in-force policies. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: This paper discusses two different methods of handling ratings under adjustable life policies and compares the advantages and disadvantages of each. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper and discussion is a review of the changes that have occurred recently in the basic principles that underlie the sale and distribution of individual life insurance including underwriting fairness, laws and regulations affecting discrimination, limitations in the underwriting process and competition. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This paper considers in more detail the differences between provisions necessary for nonparticipating and those necessary for participating adjustable life policies and will provide a possible means of designing nonparticipating policies that can adjust directly to future changes in mortality and interest valuation bases. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol 31.

Description: This paper is about an actuarial curiosity which arose as part of a larger study exemplified by a two year term life insurance policy. The curiosity is the relationship between the additional premium requirement for a substandard policy and the interest rate assumption.

Description: This 1960 Report covers the intercompany experience under standard ordinary insurance issues between 1958 and 1959 anniversaries. It includes medical and nonmedical issues during the first fifteen years and the sixteenth and subsequent years. From Transactions of Society of Actuaries, 1960 Reports.

Description: Sponsored by the Society of Actuaries Reinsurance Section and the Product Development Section, this study is a sequel to the SOA report, Life Reinsurance Treaty Construction, published in 2013. The report examines industry perspectives on recapture provisions.

Description: The Individual Life Experience Committee has completed their latest report on intercompany mortality experience by amount of insurance under standard individually underwritten issues. This includes study years 2009-2016.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006.

Description: This paper summarizes the results of a survey of waiver of premium/monthly deduction rider assumptions and experience.