Description: The NAIC Innovation work group has set out 10 ideas for improving the LTC insurance market. This article discusses and critiques those ideas.

Description: There is no silver bullet to improving retirement income outcomes for retirees. However, a combination of changes can be of significant value in addressing this overlooked issue. Although QLACs on the surface have potential value, they are not nearly as efficient as they could be. So far, employer plans have provided limited options for retirement income solutions. IRAs may not cost effectively serve the best interest of retirees. Employer plans should be encouraged to become retirement income providers and alternative approaches should be considered. The current prohibition on allowing plans to modify benefit payouts based on mortality experience should be reconsidered to allow for innovative plan income designs. Improvements to the deaccumulation stage of the retiree nest egg are challenging yet necessary.

Description: This document is a Request for Proposals (RFP) published by the SOA Research Institute, seeking comprehensive research to evaluate insurance coverage for chronic conditions in China, focusing on critical illness morbidity rates and potential benefits of innovative insurance product designs. The RFP outlines research objectives, proposal requirements, selection process, and conditions for research funding.

Description: In this panel discussion from a 1963 SOA meeting, operations under the Keogh Act were explored. The act provides a method under which funds deposited in qualified retirement plans can grow and appreciate income-tax free and under which taxable income can be deferred. From Transactions of Society of Actuaries 1963, Vol. 15 Pt. 2.

Description: Feature article discussing the National Academy of Social Insurance NASI, its 2011 Annual Conference, and in particular the session on Social Security Reform.

Description: A commentary on whether or not the Illustrations Regulation has been successful.

Description: This article discusses the Carter Report. It is a review of the Canadian federal system of taxation that would have far-reaching implications if enacted.

Description: Three 1983 U.S. Supreme Court pension-and-welfare-related opinions, viz. a. Shaw, b. Construction Laborers, and c. Morrison-Knudsen, merit at least passing attention by actuaries even though their impact upon the actuary’s work may vary from slight to significant.

Description: The Life Practice Area seeks input on strategic issues including the timeliness of experience reports, the increasing levels of regulation, defending risk classification, ant the viability of the actuarial profession.

Description: Discusses legislation being proposed in various states that would apply to Small Face Amount Policies, SFAPs.