Description: This paper presents a relatively simple method for calculating approximate annuity values on a mortality basis that provides for future improvements in mortality. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

Description: This is a discussion of the paper, Calculation of Approximate Annuity Values on a Mortality Basis that Provides for Future Improvements in Mortality by Charles M. Sternhell. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.

Description: Annual reports of the U.S. Social Security Trustees present 75-year financial projections of the system under three different deterministic sets of economic and demographic assumptions or scenarios. The extent of the divergence between these scenarios provides useful information concerning the range of possible outcomes, but, in the absence of stochastic model projections, no probability measure can be assigned to the three scenarios, apart from being described as intermediate, low-cost and high-cost. Demographic research and stochastic model forecasts of U.S. population suggest plausible hypotheses for analysis of the divergence characteristics of the actuarial solvency ratios implied by the three deterministic scenarios. Available data from the 2002 Trustees’ report are presented and various statistical measures are developed to aid in the assessment of plausible associated probability measures for the scenario projections.

Description: The purpose of this paper is to suggest an improved method of future mortality improvement approximation, using the a-1949 Table as the basic table. Comparisons are shown between this method and other methods for annuitants.

Description: The Soviet Union recently released complete life tables for 1984-85. This paper compares the data in these life tables with those in the 1958-59 U.S.S.R. life tables and with those in U.S.A. life tables for comparable periods. Discussion is included.

Description: The author prepared the static Ga-1951 Male Mortality Table using Projection Scale C to 1970 and has graduated the results with a Gompertz formula.

Description: This dissertation is about methods for assessing mortality risk in regard to insurance and annuity transactions. Although the basic methods and formulas are general, most of the applications made here deal with life annuity transactions, with particular emphasis on pension situations.

Description: The Potential Impact of Pandemic Influenza on the U.S. Life Insurance Industry pandemic model tool. This tool is used to project a Life Insurance companies potential losses from an influenza pandemic. Please see the SOA website for complete instructions on how to use this excel spreadsheet tool. Also see the website for the complete research report: www.soa.org/research/research-projects/life-insurance/research-impact-pan-influ-life-ins.aspx. The core of the paper is quantifying the potential impact of selected pandemic scenarios on the Life Insurance industry.

Description: This is a discussion of the paper, 'The New Standard Ordinary Mortality Table' by Charles M. Sternhell.

Description: The main focus of this report is the presentation of information and methodologies to support the analysis of the financial impact of AIDS on individual companies writing life insurance in the U.S. Topics include reserving and development of valuation tables used for both statutory and GAAP accounting. From Transactions of Society of Actuaries 1990, Vol. 42.