Description: The purpose of this paper was to examine the job and compensation of the ordinary life insurance agent in relation to commissions and expense regulation and to examine how well the industry responds to customer needs, and consider how the system might be changed. The paper establishes some criteria for evaluating appropriateness of systems of both agent compensation and expense regulation. The paper is followed by submitted discussion papers

Description: This paper describes a method of comparing net costs of dissimilar life insurance contracts. The principles are consistent with those of the interest-adjusted method recommended by the Moorhead committee. The significance of the results, possible applications of the method, and some concerns and conclusions are discussed.

Description: Sponsors of pension, profit sharing and other tax-exempt trust funds are giving increasing attention to the investment management of these funds, in a dual attempt to improve investment results and to discharge more effectively their stewardship responsibilities for these assets.

Description: This is a panel discussion about the future of the actuarial profession as it appears to the younger actuaries. Also discussed is the changing nature of the insurance and pension industry and what the Society of Actuaries is doing to adapt, From Transactions of Society of Actuaries 1966, Vol. 18 Pt. 2, No. 52.

Description: The insurance reserve for an individual contract can be pictured as a quantity which changes continuously from moment to moment in response to the forces of interest and mortality. A different mathematical model arises for each method of defining the death benefit, and in this paper a number of such mathematical models are analyzed. Followed by discussion papers submitted by several authors

Description: This far-ranging discussion of health insurance and employee pensions discussed expansion of health insurance plans to encompass the additional forms of medical care and treatment, intercompany studies of mortality and morbidity, accidental death coverage are written on a twenty-four-hour basis or as travel accident, dental care insurance, survivorship benefits, employer-sponsored death benefits incorporated into qualified pension plans, and other topics. From Transactions of Society of Actuaries 1963, Vol 15 Pt. 2

Description: This paper seeks to establish statistical answers to questions regarding actuarial students, the exams process and the path to an actuarial profession. From Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 44 AB.

Description: This is the announcement marking the end to the section, Legal Notes. From Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 46.

Description: This paper presents the general notion of a periodogram, following Elphinstone's approach. The paper then goes on to examine symmetric linear operators and their periodograms in preparation for the end discussion of periodograms of graduators.

Description: This paper develops a family of accrued benefit actuarial cost methods which permits the purchase of retirement income at either an accelerating or decelerating rate. From Transactions of Society of Actuaries 1967, Vol. 19, Pt. 1, No. 54.