Description: Discussion papers on a paper dealing with minimum statutory nonforfeiture values for retirement annuity contracts.

Description: This paper discusses the administration and valuation of ill-health terminations under group annuities. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: This is a discussion of the paper, 'A Convenient Method of Providing for Mortality Improvement Based on the a-1949 Table' by James E. Hoskins. Discusses seriousness of errors that can develop under certain circumstances, provides a formula for adjusting by modes of payment, discusses circumstances in which differences between Hoskins' method and Projection B is greater than in the example used in the paper, etc.

Description: This is a discussion of the title paper by Raymond F. Houseman, which provides some practical aspects of various funding methods. The paper is critiqued, and some alternative methods are discussed.

Description: This is an excel spreadsheet with some data pertaining to an article of the same name from the Product Development News

Description: Results of the PBITT Working Group annual Variable Annuity Survey.

Description: This document shows you how to set up modeling platforms and start to work with them. Used in conjunction with Complexity Science - An Introduction and Invitiation for Actuaries.

Description: The Policyholder Behavior in the Tail Risk Management Section Working Group issued its fifth survey to gather the range of assumptions actuaries use in pricing, reserving, and risk management of minimum guarantees on Variable Annuity products, such as death benefits, income benefits, withdrawal benefits and maturity benefits.

Description: Milliman, Inc. Milliman was retained by the Society of Actuaries SOA to perform certain actuarial analyses with respect to the Z-Factor methodology under a principles-based approach PBA to statutory reserve and capital. Under PBA, the Z-Factor is a measure of margin in excess of the best estimate assumptions embedded in the statutory reserves of a life insurance product or block of business.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation memo for the 2015 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations. The recommendation is currently being exposed for comments by the NAIC.