Description: In this era of high interest rates, business life insurance funded by individual level-premium life policies has become popular, even to the point of undertaking to compete with group insurance plans. The author discusses tests that a sound and adequate proposal has been made.

Description: This article discusses the need for more coordination and consistency in assumption setting between the pricing actuary, illustration actuary, appointed actuary, and financial reporting actuary.

Description: August Zilmer 1831-1893, a Prussian actuary best known for the development of preliminary term valuation, also made some observations on life insurance accounting that seem quite contemporary. Zillmer also wrote the first comprehensive German actuarial mathematics text in almost a century.

Description: Describes a process for identifying relevant industry experience to credibility-weight with relevant company experience to set modeling assumptions and margins.

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: This article describes how actuaries can get involved in section research including participation on a Project Oversight Group (POG).

Description: Article discusses VM-31 requirements and actuarial report overview.

Description: This literature guide provides a basic grounding in policyholder dividends and other nonguaranteed elements in individual life insurance and annuities in Canada and the U.S. Participating insurance is most often offered by mutuals in the U.S. and by both mutual and stock companies in Canada.

Description: The article discusses court decisions on the tax basis and taxable gain in life insurance contracts.

Description: Perspectives on the Valuation Manual.