Description: This discussion looks at the projection factors set forth in the Jenkins-Lew paper and the implications with respect to individual annuities, life income settlement options and group annuities. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: This section presents and summarizes insurance-related legal cases of 1953 including: 1. GROUP ANNUITY CONTRACTPERPETUAL OBLIGATION: Freeport Sulphur Company v. Aetna Life Insurance Company, 2. SERVICE OF PROCESSUNAUTHORIZED INSURER: Parmalee v. Iowa State Traveling Men's Association, 3. ORAL PLEDGE OR ASSIGNMENTCREDITOR'S RIGHT: Commercial National Bank v. Chapman, 4. DOUBLE INDEMNITYMILITARY EXCLUSION: Weissman v. Metropolitan Life Insurance Company, 5. LIQUIDATION OF MUTUAL COMPANYJURISDICTION OF INSURANCE COMMISSlONER: Allyn v. Hull, 6. AVIATION EXCLUSIONPARACHUTE JUMP: Smith v. Mutual Benefit Health and Accident Association, 7. SETTLEMENT OPTIONTESTAMENTARY DISPOSITION: Hall v. Mutual Life Insurance Company, 8. PURCHASE OF HOME OFFICE PROPERTYINSURANCE SUPERINTENDENT'S APPROVAL: Guardian Life Insurance Company vs. Bohlinger, 9. LOAN VALUE: DISABILITY AND DOUBLE INDEMNITY RESERVES: Chastang v. Mutual Life Insurance Company, 10. CONVERSION OF GROUP INSURANCESUICIDE: Lineberry v. Security Life and Trust Company, 11. DOUBLE INDEMNITYMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Discussion of Subjects of Special Interest’ addresses dividends. Topics include the reflection in dividends of new federal income tax basis for qualified pensions involving individual policies, and for certain annuities, rate of excess interest on supplementary contracts vs. accumulated dividends, and issues involving dividends on supplementary contracts.

Description: This report compares the CIA pricing method for estimating group annuity closeout pricing to methods used in the US.

Description: This web page describes the new Variable Annuity Guaranteed Living Benefits Utilization study.

Description: This is a table from an article in The Actuary Magazine entitled A Strategic Analysis of the US Life Insurance Industry Part II: Products.

Description: The Committee on Life Insurance Company Expenses is currently seeking life insurance company data submissions to the 2012 Individual Life and Annuity Expense Study.

Description: This appendix II Report on the Life and Annuity Living Benefits Survey provides supplemental information for the Report on Life and Annuity Living Benefit Riders: Considerations for Insurers and Resinsurers. Appendix A gives a list of 34 participants and Appendix B provides a glossary of terms used in the report. The report utilizes a literature review, company survey, company interviews and/or other methods to catalog a listing of common living benefit riders. It was sponsored by the Product Development and Reinsurance Sections along with the Committee on Life Insurance Research.

Description: This abstract describes a paper that derives a simple explicit solution for an efficient portfolio with positive weights.

Description: This abstract describes a paper that implements a lifetime utility model including both GMDB options and term life insurance and allowing the policyholder to optimize both consumption and fund allocation decisions.