Description: This article compares and contrasts the new 2017 CSO tables to the 2001 CSO tables and discusses considerations and possible implications of the new tables on reserves and the implementation schedule of the new tables.

Description: This article discusses the causes of total coverage on a life exceeding the jumbo limit found in automatic reinsurance treaties. Steps being considered and taken to address this problem are also discussed.

Description: In November 2020 the Life Actuarial (A) Task Force unanimously passed APF 2020-08 which adds a third permissible method in the Valuation Manual to determine company experience mortality rates. This article describes the three methods

Description: Presenting the customer a measurable value of life insurance that makes the advice process transparent to both the customer and adviser.

Description: Article from The Actuary, March 1972 – volume 6 - Issue 3 provides the author's observation of the Interest Adjusted Method for illustrating policy costs.

Description: The Society of Actuaries has recently issued a Request for Proposal to identify specific consumer profiles and the retirement income strategies appropriate to each profile.

Description: The article provides an introduction to some of the key limitations that the Internal Revenue Code imposes on business uses of life insurance, focusing on the limitations under Section 264(a) on business deductions for premiums and interest expenses related to life insurance, the similar limitations under Section 264(f) for unrelated interest expenses of businesses that own life insurance, the limitations under Section 101(j) on the excludability of death benefits under employer-owned life insurance contracts, and the recently-enacted rules for life settlement transactions.

Description: It is to be hoped that the demonstration of these formulas, at least for an ordinary whole life policy, will be included in text books on life contingencies. Lidstone's paper is one of the classic papers in JIA analyzing the equity of the British uniform reversionary bonus system. From Transactions of Society of Actuaries 1958, Vol. 19, No. 28.

Description: Feature article discussing how technology can speed up and improve the accuracy of the the underwriting process. The distinction between rules and guidelines is discussed.

Description: On January 1, 1986, a life insurance company began issuing whole life policies countrywide on a non-medical issue basis. Each applicant was asked whether he was a smoker or non-smoker. This article looks at the 1st duration smoker/non-smoker mortality.