Description: This is a discussion of the paper, 'The Effect of Varying Interest Rates' by Charles H. Connelly, involving the use of two interest rates, varying by duration, for valuation.

Description: This discussion looks at various topics associated with the 1958 CSO Tables and answers the following: What is the effect of these tables on premium rates, non-forfeiture benefits, reserves and other policy values? Are there any advantages to be gained by anticipating the deadline date January 1, 1966 for adoption of the new tables?

Description: The effect on level premium reserves of a change in the interest or mortality basis can often be predicted by the results obtained in Spurgeon's Life Contingencies, Chap. X, pp. 185-190. This note offers formulas to demonstrate the effect of such changes.

Description: General discussion session which included the following topics: A. Non-medical limits B. Deficiency reserves for individual life insurance

Description: This paper will not attempt to cover the details of every possible approximate method, but will endeavor to illustrate the use of principles andgeneral methods. It is hoped that the application of these principles and methods will help develop particular solutions to many of the varied valuation problems of today. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: Mortality improvement rates for AG38 for 2017.

Description: This report studies the various benchmarks for analyzing the option-adjusted spreads of the major fixed income asset classes of life insurance companies. In addition, this report analyzes the historical benchmark performance against default rates for the asset class being benchmarked.

Description: Changes to AG 43 and what that might mean for tax purposes. Also, summary of IRS Notice 2016-63 (provides safe harbor tax guidance on use of 2017 CSO tables).

Description: This article describes the effect of different valuation interest rates and levels of surplus on income tax paid by life insurance companies via Phase 1 of the Federal Income Tax Act of 1959.

Description: Addresses U.K. actuarial discussion regarding “maturity guarantees”, i.e., the reserves necessary to support promises contained in investment-linked contracts.