Description: Article from The Actuary, December 1999 – volume 33 - Issue 10: The SOA’s budget for 1999, even with a $25 increase in dues (for Fellows and for those who have been Associates for four years or more) had a projected loss of $46,000.

Description: This article discusses the proper slope of mortality tables, especially at the high attained ages.

Description: 1993 SOA Meeting, Quebec. The new SVL has expanded the scope and responsibilities of the valuation actuary. Topics covered: • Risk of legal liability for actuaries? • Vagueness of actuarial standards related to adequacy testing? • Reliance on other company experts? • Consultants versus company actuary perspectives? • The science versus the art of the process?

Description: This paper identifies several implicit assumptions underlying the use of the lognormal distribution for modeling the periodic change in the interest rate of a given maturity, tests those assumptions against historical interest rates, and presents additional information from those tests. A discussion of the paper follows. From Transactions of Society of Actuaries 1991, Vol. 43.

Description: Full version of Product Matters! October 2007, Issue No. 69.

Description: This article is an extract from a revision to the Universal Life Study Note. From Product Development Section Monograph, M-AS99-3.

Description: Presented at May 1985 Spring Meeting. Discusses: Statutory annual statement, Statement of actuarial opinion for interest-indexed universal life insurance, American Academy of Actuaries Financial Reporting Recommendation 7, Statement of opinion required by New York State for annuity products, Other required statements of actuarial opinion, The Valuation Actuary, Practical techniques and actual experiences.

Description: Presented at October 1986 Annual Meeting. This session discussion is about interest-sensitive products and methods of arriving at current rates, current regulatory restraints on illustrative rates, illustrations of vanishing premium products, advantages of deferring taxes on inside build-up, trends toward emphasis on marketing of financial services and buy term and invest the difference.

Description: Full version of Product Matters! July 2003, Issue No. 56.

Description: Article on mortality anti-selection - different versions of the Dukes/MacDonald approach to measuring mortality anti-selection resulting from high lapse rates and/or term products with explicit re-entry provisions.