Description: In this era of high interest rates, business life insurance funded by individual level-premium life policies has become popular, even to the point of undertaking to compete with group insurance plans. The author discusses tests that a sound and adequate proposal has been made.

Description: This article describes that some companies are ‘approaching the problem of how to accommodate Universal Life in GAAP statements by using a simple method which produces not unreasonable results and waiting for consensus on appropriate methodology to develop. This describes so of the methodology currently in use.

Description: The secretary of the SOA looks back over the last five years at changes in the life insurance business and the actuarial profession.

Description: This article poses the question, why doesn't the teaching of life contingencies start with the premise that the rate of investment income is a random process in a similar manner to the random nature of the time until death? The article suggests some methods for doing so.

Description: Provides one perspective on how to address the age-old sales/actuarial product-development question about how much marketing thinks will be sold vs. how much in sales is needed to begin to make a profit.

Description: Reviews Dr. Belth's level price method for comparing the costs of two different cash value life policies.

Description: Article from The Actuary, March 1971 – volume 5 - Issue 3 talks about a hypothetical life insurance company's introduction of a new policy whereby the increased death benefits after the premium paying period are used to justify smaller cash values and reserves than would be required under a comparable policy which endowed for its cash value at the end of the premium paying period.

Description: Mr. Walter S. Rugland discusses various aspects of Variable Life Insurance including the many problems still awaiting solution.

Description: Discussion of the Veterans Insurance Act of 1974

Description: The following commentary, after highlighting the strong linkage that currently exists between valuation reserves and nonforfeiture value requirements, discusses the origins of this relationship. It is concluded that this linkage is undesirable and should be severed. Editor’s Note: This report was prepared for use by the Committee on Non-forfeiture Values. Mr. Gardner is Vice Chairman of the Committee.