Description: This paper develops the theoretical formula for the face amount under the New York Life variable life insurance design, introduced in the paper 'Analysis of Basic Actuarial Theory for Fixed Premium Variable Benefit Life Insurance,' adapted to a daily basis and also provides a simplified approximation of this formula. A formula for daily net premium is also derived.

Description: This paper develops explicit relationships connecting these reserve bases, and, in the course of this development, derives several new and interesting actuarial relationships, all of which can be generalized to the case of monthly premium payment computations. Followed by a discussion paper submitted

Description: An update of selected key graphs from the Key Statistics section of previous COVID-19 briefs.

Description: 2021 Generally Recognized Expense Table (GRET) recommendations.

Description: Authored by a MIB Solutions team of Tom Rhodes, Stuart Klugman, Marianne Purushotham and Stacy Gill, the report summarizes the results of a study on the application and adoption of credibility theory within the life insurance and annuity industry. In addition to the report, numerical examples related to the application of credibility to company mortality and lapse data are provided in the four Excel files. This excel spreadsheet is a numerical example relating to the application of Credibility for lapses by policy for limited fluctuation. Please see the SOA website research section for the full report on Credibility Theory Practices.

Description: Report summarizing the results of the 2011 PBITT UL with Secondary Guarantees Survey

Description: This is a report on the results of a survey, conducted during July and August 2008, on the current practices and reactions related to life settlements. A life settlement is a financial transaction in which a policy owner possessing an unneeded or unwanted life insurance policy, sells the policy to a third party for more than the cash value offered by the life insurance company at the time of sale.

Description: This discussion is about agency expenses. From Transaction of Society of Actuaries 1961 Vol. 13. pt. 2

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: This is a short response to the paper, 'Group Conversion Charges - Accounting for Annual Statement' by Dickinson C. Duffield, which discusses an alternative way to account for group conversion charges.