Description: Development of a formula for the continuous annuity ax:n| in terms of the Makeham parameters A, B, and c, and the force of interest. Followed by several discussion papers submitted

Description: This discussion examines the following questions: Do current immediate annuity rates reflect present conditions as to mortality, interest, and expense? To what extent do statutory reserves that exceed gross premiums less expenses represent a serious problem? What is being done in the way of using generation type annuity rates for settlement options?

Description: Report covering the mortality experience from 1945 to 1950 anniversaries under the following three major categories of contracts: 1. Life income settlements arising out of death claims 2. Life income settlements arising out of the maturity of endowment or retirement income policies or the cash surrender of insurance or annuity contracts 3. Maturities of deferred annuity contracts

Description: This is a study of mortality experience among pensioners under certain large self-administered retirement plans.

Description: Discusses the trend for insurance companies to become primarily annuity companies - partly due to settlement options - and the financial implications of this, the probable course of annuitant mortality, and what characteristics of the various group pension methods tend to solve the problem of improved mortality among annuitants.

Description: 1959 intercompany study of mortality under individual immediate and refund annuities issued between 1931 through 1957 and covering experience between anniversaries from 1953-1958.

Description: The first study of mortality specifically related to structured settlement annuities, covering experience years 1966 - 1989. Both standard and substandard lives were analyzed.

Description: Presents improvements in annuitant mortality within Canada from 1921 - 1986, with trend factors.

Description: A. Discusssion of the practical considerations involved in deciding whether or not to adopt projected mortality rates in connection with individual annuities, settlement options, retirement income policies, and the various forms of group annuities. B. In view of increased administrative expenses, discussion of the arguments for and against imposing limitations on the granting of settlement options with respect to size of policy, including the practicality of providing for the expense of administering supplementary contracts other than through the use of conservative mortality and interest assumptions.

Description: Provides a methodology for determining the value of the share of a particular individual in a joint and survivor annuity held by a trust.