Description: The following problem is from the 1968 Society of Actuaries Part 4 Examination on Life Contingencies. It is an instructive problem because it interweaves joint-life functions with single-life reserves.

Description: This paper is about an actuarial curiosity which arose as part of a larger study exemplified by a two year term life insurance policy. The curiosity is the relationship between the additional premium requirement for a substandard policy and the interest rate assumption.

Description: Mr. Robert L. Brown's response to previously published solutions 14.6 and 15.3 of the New Life Contingencies. Also mentioned is the new Canadian reserve standard.

Description: This paper explores the use of linear programming as a tool to guide policyholders in getting the most value out of their combined insurance and investment programs. Concentrating on flexible premium universal life within the tax environment of the United States, several linear programming models are developed that can be used at the point of sale, to select the most cost effective policy from those available in the marketplace, and after issue to maximize the present value of future cash flows on the policy of an insured who is in ill-health. From Actuarial Research Clearing House 1991, VOL. 3.

Description: Shows how to use personal information such as medical history, family characteristics, etc. in a logical statistical fashion for the purpose of modifying an existing mortality table to reflect the collected underwriting information.

Description: Using data from a large insurance company, we construct a parametric model for the joint survival function based on a Hougaard copula function.

Description: We present a method to calculate the percentile of the distribution of the present value of the death benefit for a continuous deferred whole life Insurance.

Description: In a recent Society of Actuaries' regional meeting, there was a discussion on an age-old actuarial problem. Within the same company, should the return on equity ROE target vary by profit center depending upon the risk of the profit center? For example, should company management demand a different ROE from the Group Health line than from the Ordinary Life line?

Description: This paper represents an attempt to formulate a cohesive and consistent approach to the analysis of claim liabilities. Numerical examples are used to illustrate the methodology. From the Actuarial Research Clearing House ARCH 1990 Vol. 1.

Description: The analytical laws of mortality such as Gompertz and Makeham are often used by actuaries to describe the survival distributions. Numerical approaches to evaluate features such as mean and variance of these distributions may be very difficult not to mention the characteristics of their life contingent functions.