Description: Often an investor is offered an annuity for a fixed purchase price. The computation of the yield rate implied by this transaction must presently be computed by an iteration scheme, usually on a computer. With reasonable parameters, the problem of determining the yield rate can be readily solved with a desk calculator. From the Actuarial Research Clearing House 1982, Vol.1.

Description: Small pension plans, are using Cost of Living Allowances 'COLA' in calculating benefits. This paper examines ways to handle COLA in valuations.

Description: This paper shows that Balucci hypothesis imposed on a survivorship function over a closed interval is dual to the uniform distribution of deaths hypothesis imposed on the survivorship function over the same interval.

Description: It is assumed that the force of interest varies as an auto-regressive process of order 2, AR[2]. The moments of the accumulated value of 1 paid at the beginning of each period, for n periods, are developed using moment generating functions.

Description: Consideration of the deterministic gross premium reserve component of PBR

Description: Article discusses recent changes in the IRS LB&I Division's examination practices and approach that may affect the work-flow of company actuaries and may present opportunities to resolve tax issues for companies

Description: An update from the ACLI staff to keep readers informed about the organization's work on tax issues affecting the life insurance industry.

Description: Decade and year in review.