Description: The purpose of this paper is to explain several actuarial-demographic-statistical techniques and show their application in medical investigations. Actuarial Research Clearing House 1979, VOL. 1

Description: Because mortality tables are generally tabulated at yearly intervals actuaries frequently must make assumptions about intermediate values in developing formulas for insurance and annuity functions. This paper examines the effect on insurance and annuity formulas of assuming Mx+t to be linear within each interval.

Description: What are the possible future implications to insurance companies of significant improvements in mortality? How can futurism techniques be used in research? The formation of the mortality improvement study group at the Principal Financial Group was the first step toward examining the issue of mortality improvement. In an interactive format, we will present what we learned about mortality and futurism techniques by participating in this group.

Description: There are three commonly used methods for compiling exposure and death data for use in obtaining crude mortality rates. They are lives, policies and amounts of insurance. This paper investigates the properties of estimators based on lives, amounts and robust alternatives. It is concluded that lives provide the best estimator, even when there is a moderate dependence of mortality rates on amounts of insurance. Presented at the Fourteenth Actuarial Research Conference, lowa City, lowa, September 6, 1979.

Description: This paper is the final report in a project commissioned by the Society of Actuaries Social Security Committee. The paper considers a variety of possible risk classification factors that could be used in estimating the value of any mortality based benefit for retirees. As many countries consider mandatory individual retirement accounts as their answer to a secure Social Security system, the question arises as to whether all workers can get true 'market value' annuities when they retire. It is clear today that private sector life annuities are priced assuming that the applicant is healthy-very healthy. Very little underwriting or risk classification now exists in the individual annuity marketplace. This paper reviews 45 recent research papers that look at factors that affect mortality after retirement. In particular, factors that seem to be important in predicting retirement mortality include: age, gender, race and ethnicity, education, income, occupation, marital status, religion, health behaviors, smoking, alcohol, and obesity. For each factor, this paper gives highlights relative to the named factor of the impact expected from that variable as described in the 45 reviewed research papers.

Description: This is a study note that supplements material contained in the book, 'Actuarial Mathematics,' 2nd edition, by N. L. Bowers, Jr., H.U. Gerber, J.C. Hickman, D.A. Jones and C.J. Nesbitt. The topics covered include integer functions, uniform distribution of deaths throughout each year of age, and annuity coefficients.

Description: This paper discusses a model that is used for the loss process, ratemaking problem and risk classification.

Description: This paper focuses on graduation of mortality data and considers models that are functions of age, and duration since selection. From the Actuarial Research Clearing House 1990 Vol. 1.

Description: Excerpts from Yee's presentation on the S-Curve reserve for Universal life. The S-Curve represents a distribution of amount of assets needed under 550 scenarios which, together with future premiums, will fund all future policy benefits and expenses. The reserve is a specific point on the Curve.

Description: This paper develops and discusses various relations between the Uniform Death Distribution and the Balducci curve. From ACTUARIAL RESEARCH CLEARING HOUSE 1980, VOL. 2.