Description: Discussion of UL products with secondary guarantees and how they are similar to and different from traditional life insurance products. Discussion of possibility they are lapse supported in their pricing.

Description: February 2016 issue of Product Matters!

Description: In this paper it will be shown that the result of using the 1975-80 Select and Ultimate Table as opposed to the more modern 1990-95 Select Ultimate Table can be a significant understatement of future mortality and hence, anticipated profits may prove to be illusory.

Description: Discussion of Symposium Session 3B. Papers presented: Living to 100 - A Women's Issue Evaluation of Approaches to Reducing Women's Longevity Risk Estimates of Incidence, Prevalence, Duration, Intensity, and Cost of Chronic Disability among the US Elderly

Description: Transcript of the Q&A period from Session 6A: Projection and Statistical Modeling of Mortality at Late Age

Description: This paper presents a methodology that represents the common ground between the major camps in the debate over the defined benefits DB system.

Description: When companies engage in risk management activities, they can be seen as modifying their distributions of future outcomes. Often, this takes the form of trading off a sure cost for a decrease in some potential risk of loss. Companies may carry out these activities with several goals in mind, such as reduction in earnings volatility or preservation of capital. This paper will demonstrate a method for evaluating possible strategies by dividing the effects on costs and risks into three tranches: earnings, impact and estate. The tranches can be associated with different interests of the various stakeholders. This trifurcation analysis can help to explain the risk-reward trade-offs of different risk treatment alternatives and can aid in risk-related decisionmaking.

Description: Retirement Symposium overview. A session by session synopsis of the wide ranging topics presented.

Description: This paper investigates the effect of select birth cohorts on pricing of mortality-based securities, such as survivor bonds, life annuities in general, or portfolios of life annuities.

Description: This paper explores how an intragenerational funding approach might spread the risks from those older persons who live longer to those who do not live so long and from those who are healthier or less dependent to those who are less healthy or more dependent.