Description: These are discussion papers on the paper, 'The ELAS Life Income Mortality Table' by Harry Walker. That paper describes the derivation of the ELAS Life Income Mortality Table, which has been adopted by the Equitable Life Assurance Society as the mortality basis for the life income option of the modes of settlement in its current series of policy forms and for the calculation of premiums under currently issued individual deferred annuity contracts.

Description: From the 1960 Transactions Vol. 12 No. 33, this ‘Digest of Informal Discussion’ took place at the 1960 Eastern Spring Meeting of the Society of Actuaries, held in Washington, D.C. March 24-25. The participants discussed the effects of federal income tax on the guarantees involved in annuity considerations, settlement options, pension funds, interest on funds left on deposit, and nonparticipating premiums.

Description: This discussion at the 1968 Annual Meeting covers various aspects of life insurance accounting including the Mandatory Securities Valuation Reserve, accounting adjustments when registering with the SEC, GAAP for non-admitted assets, reserve conservatism, and tax liabilities.

Description: This discussion looked at agency problems and if the average agent is as well compensated relative to other selling careers, if the increase of sales term insurance has an adverse effect on agents' earning and if the cost of Social Security, pension plans and if other fringe benefits for agents have been offset by commission reductions. From Transactions of Society of Actuaries 1960, Vol. 12, No. 33.

Description: This discussion looks at considerations involved in determining interest rates and when deciding upon a reserve interest rate, the factors which warrant consideration. The panel also explores changes deemed appropriate with the new federal income tax law. From Transactions of Society of Actuaries 1961, Vol. 13, Pt. 2.

Description: In this paper, the authors develop a reserve method for future guaranteed life income payments under the settlement options within a life insurance policy. An approach for entering this information in the statutory statement is presented.