Description: This paper describes a concept product, advanced-life delayed annuity ALDA, which would be acquired at a young age small premiums would be paid over a ling period of time but the ALDA would only begin paying an inflation-adjusted life-contingent income at the advanced age of 80, 85, or even 90.

Description: The paper will focus on two broad areas, integration of insurance products with investment products to mitigate the risk of outliving one’s assets in post-retirement financial planning. Modeling and pricing for the longevity risk in the secondary market in insurance.

Description: This paper will describe why self-insurance is less attractive with transparent-accounting rules, and the will examine two strategies an employer can execute to reduce the plan's and the plan participant's risks.

Description: Provides the actuary with a more satisfactory basis for annuity premiums and reserves. It presents a new mortality basis and offers a description of its construction. It also provides a historical review of past mortality tables for annuities. From the Society of Actuaries 50th Anniversary Monograph, M-AV99-1.

Description: Discussion of Living to 100 Session 5A. The papers presented propose a new method to price the longevity risk premia in order to tackle the pricing obstacle and reviewed the insurance industry implications on retirement planning and the secondary market in insurance.

Description: The article provides a complete and rigorous analysis based on calculus for the topics in the theory of compound interest: the monotone convergence properties of the rates of interest and discount payable m times per interest conversion period in relation to the force of interest, the monotone convergence properties of the present value and accumulated value of an ordinary annuity with m payments per interest conversion period in relation to those of a continuously paying ordinary annuity and a method for approximating the present value of an ordinary annuity, or an increasing annuity with m payments per interest conversion period, by accumulating, at compound interest for the fraction m - l/2m of an interest conversion period, the present value of the same type of annuity with one payment per interest conversion period.

Description: The purpose of this paper is to help practitioners and regulators more accurately quantify the potential impact of market risk on insurance products with equity-linked guarantees. To this end, this paper examines time series model selection and assessment based on residuals, with a focus on regime switching models. Also it discusses the difficulties in defining residuals for such processes and propose several possible alternatives. We determine that a stochastic approach to defining the residuals is the only way to generate residuals that are normally distributed under the model hypothesis.

Description: Part 1 proposes solutions to the first of three flaws of the current financial model to obtaining the fair value of the public sector employer’s pension benefit liability.