Description: New Study Examines Fixed Indexed Annuity Contract Owner Behavior Society of Actuaries Research Institute and LIMRA Release Latest Experience Studies Pro Report

Description: Panelists at this session at the SOA 1998 Maui I Spring Meeting discuss recent compensation developments and trends in the financial services industry.

Description: This is the second article in a four–part series. In this article, the industry's products are examined.

Description: Examines the trends affecting the distribution system for the industry's products, and the regulatory and tax environment in which life companies operate. Also looks briefly at the state of competition in the industry.

Description: Discusses reduction in bank loan and minimum deposit business, sales of a combination of single premium immediate annuities with life policies on a guaranteed issue basis, likely results of recent court decisions regarding allowing interest on indebtedness as a tax deduction, and professional development needs for actuaries taking on management roles.

Description: Outlines a generic business model for a life insurance company and concludes with thoughts on future trends and prospects.

Description: This is a discussion on individual life insurance market needs and product design under conditions of inflation. Specifically it highlights the needs and interests of potential customers during periods of inflation, what problems are created in traditional life insurance product design during inflation, what solutions are available to life insurance companies and what solutions may be available in the future.

Description: New chairperson’s column discussing his goals for the Product Development Section.

Description: 1993 SOA Spring Meeting, Boston. This session addresed life and annuity sales illustrations. Topics included: • Current initiatives from various task forces including those of the AAA, NAIC, ACLI, NALU, and ASCLU. • Have illustrations taken on a life of their own? • What should be done about illustrations, especially by actuaries?

Description: Non-guaranteed elements are parameters of life insurance and annuity polices that are not fixed when the policy is issued but may be changed from time to time by the insurance company. They emerged in the United States and other countries as features of Universal Life and similar products designed to make insurance more competitive in an environment where fully guaranteed products did not have sufficient flexibility to respond to rapidly changing conditions. This overview covers professional guidance, regulations and practical issues with reviewing and revising non-guaranteed parameters.