Description: In actuarial work, we are frequently confronted with problems with more than one apparently reasonable answer. This article deals with one of these, where the Federal DAC cost can be applied in an apparently reasonable, but incorrect, manner.

Description: A five-factor individual life expected profit formula is presented in this paper, with first-year lapse rate and amount of insurance as variables. The formula is appropriate for a single age-plan-sex cell.

Description: Discusses the extent to which various influences are reflected in premiums, dividends and settlement options: improved mortality, interest rate trends, federal taxes, agent compensation and increasing expenses.

Description: This 1978 session on individual life product development included discussion on: 1. Major revisions, reasons for change, innovative techniques, and problems. 2. New products and special considerations.

Description: 1992 SOA Annual Meeting, Washington, D.C. This session on individual life product update addressed Whole Life, Variable Life, VUL, and Term Life. within these products the discussion covered trends in product design, lapsation, and market trends.

Description: It is worth the effort to obtain a pricing surface. It helps make an informed decision and facilitate the pricing conversation within and outside a company.

Description: This is an article about the “hardening” market for reinsurance on term and universal life with secondary guarantees. From Small Talk Newsletter, June 2005, Issue No. 24.

Description: This article describes how option pricing theory can be used in everyday financial decision making, and provides examples applicable to the insurance industry.