Description: This study examines the persistency of deferred annuities on a contract anniversary basis for 1992 and 1993 anniversaries. One purpose of this study is to analyze the surrender activity of deferred annuities by selected product, customer, and distribution characteristics. This study is the first to examine surrender activity of all types of deferred annuities.

Description: This paper describes a method for valuing a contingent or reversionary interest involving 2, 3, and 4 lives subject to federal tax. Tools are provided so that a person with little technical knowledge can make the determination. From Transactions of Society of Actuaries 1951, Vol. 3, No. 6.

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: 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 paper gives a brief description of the New Mortality Basis for Annuities, shows statistics on recent decreases in mortality rates and supplies projection scales and factors for future mortality decreases. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

Description: This report gives the 1967 through 1971 mortality experience of twenty-one large life insurance companies under individual immediate annuities issued in the United States and Canada during the years 1931 through 1970, inclusive.

Description: This paper discusses the calculation of minimum statutory non-forfeiture values for annuity contracts with stipulated annual payments under which contractual values are based on the 1937 Standard Annuity Table.

Description: This 1973 report is a sex-distinct summary of the relevant mortality experience for the general population, for insured lives, and for life annuitants.

Description: Discusses reduction in bank loan and minimum deposit business, sales of a combination of single premium immediate annuities with life policies on a guaranteed issue basis, likely results of recent court decisions regarding allowing interest on indebtedness as a tax deduction, and professional development needs for actuaries taking on management roles.

Description: This report presents mortality under individual immediate annuities, life income settlements, and matured deferred annuities between the 1971 and 1976 anniversaries.