Description: This discussion at the SOA 1962 Jacksonville and Chicago Regional Meetings focuses on family coverages and associated issues.

Description: This is a discussion about 1959 Act dealing with federal income tax on life insurance companies. Specific topics include: A. Impact the new tax law has had on: i the investment policies of individual companies, ii company accounting systems and procedures, iii actuarial bases for new contracts? B. What principles have been followed in allocating the federal income tax among the annual statement lines of business? How is the assessment to a line of business with a loss from operations established? Is the tax on the interest on surplus allocated on some general basis or with regard to the relative contributions of the different lines to the accumulated surplus? C. How is the tax taken into account in asset share tests and dividend scale determinations?

Description: This general discussion focused on: A. The increase on maximum limits on single premiums accepted based on investment conditions, B. Steps a smaller company might take to meet the current demand for pension plans, C. The extent to which companies have: 1. Transferred to their field or district offices functions which had previously been performed in the home office 2. Transferred to the home office or to central collection offices functions which had previously been performed in agency offices D. Steps taken to revise or supplement company retirement plan benefits to recognize higher salary scales and the possibility of still further inflation, E. The advantages and disadvantages of the Bank Loan Plan under which a policyholder purchases a limited payment life policy and borrows part of the premium from a bank, and F. Changes which have been made in War Exclusion Riders, Disability and Double Indemnity provisions.

Description: This is a discussion of recent experience for companies of first year lapses, surrenders at policy durations with appreciable cash values, total voluntary terminations and factors which contribute to current lapses and surrenders. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Informal Discussion’ asks the extent to which there has been an increase in policy loans and surrenders, and discusses the interest rates currently being charged and what an appropriate policy loan interest provision would be.

Description: This discussion examined the demand for Family Income benefits, the extent of sale for all types of decreasing term riders, and if increasing volume of decreasing term insurance is desirable from the point of view of a policyholder, agent and company. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: Informal discussion of the role of life insurance in the national savings. Topics included: A. Life insurance company market share of the savings dollar. B. Impact of mutual fund investments on life insurance company sales. Types of marketing procedures used in the sale of life insurance in combination with mutual fund investments. C. Strategic desirability of variable life insurance policies as a means of recognizing the demand for equity investments. Statutory changes required before such policies can be marketed.

Description: This is a discussion about premium gradations for life insurance including expense rates and expense savings in graded premiums, the policy fee system, the band system and expense rates within different size bands. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2

Description: This discussion is about agency problems, particulary the extent of policy replacement abuses, replacement commission rules that have been effective in controlling replacements and the effect on policyholders of replacement. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2