Description: The Required Minimum Distribution [RMD] working group of the Taxation Section has completed research in determing the actuarial present value of additional benefits for computing RMD under deferred annuity contracts. This Appendix E spreadsheet is for the Guaranteed Minimum Withdrawal Benefit [GMWB] calculation. See the SOA website research section for the complete report and excel spreadsheet for the other appendices.

Description: This report summarizes the results of a mortality and pricing survey. It indicates significant differences between the mortality assumptions for different product lines and even between different companies within a single product line. Widespread differences in mortality expectations between products may give individuals an advantage by acting on inefficiencies in the financial services market.

Description: This discussion at a 1967 Regional Meeting is about methods of allocating investment income using the investment year method, the treatment of unrealized capital gains, considerations in choosing interest assumptions, and challenges presented when comparing investment yields among companies.

Description: This paper discusses the actuarial aspects of state regulation of individual variable annuities. Focus is on regulation of interest rates, expense and mortality guarantees, grace period and nonforfeiture provisions, and transfers of surplus to and from separate accounts. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 58.

Description: Outlines a collective structure that can be used to convert a lump sum payout into a lifetime income stream, with a 2% COLA that is contingent on funded status and with a smoothed pricing for the annuity conversion factor.

Description: Why Write Variable Products When You Can Put the Money Directly into the Stock Market?

Description: This session at the SOA 1990 San Francisco Spring Meeting is about improving the product development process, in particular, getting the proper product to the proper market as quickly as possible. Macro-pricing is explained and discussed.

Description: This session from the 1984 SOA Toronto Meeting discusses rear end loaded universal life policies and the Canadian view on rear end loads on life and annuity policies. From Record of the Society of Actuaries Vol. 10, No. 4

Description: Presents the 1985 and 1986 calendar year mortality experience of retired individuals who are covered under insured pension plans in the U.S. and Canada.

Description: 2004 SOA Annual Meeting and Exhibit, New York. In this discussion, panelists looked at the economic cost of guarantees in VA products and explored some of the methods, concentrating on hedging, that companies are using to manage their exposures.