Description: Feature article from the newsletter Product Matters discussing variable annuities and principle-based approaches to reserve and capital requirements.

Description: We propose an age-shift model to modify the LC model and deal with the problem of parameters. The proposed method attains smaller estimation errors with respect to mean absolute percentage error or mean square error. We also apply the proposed age-shift model to the mortality rates of these four countries to evaluate the longevity risk in annuity products by measuring life expectancy.

Description: A summary of the 2001 Individual Life and Annuity Expense Study

Description: Panelists discuss the background and history behind NAIC Guideline 33, including changes from the original AG 33 to the new one. Also included are numerical and graphical examples to illustrate the intent of the new Guideline 33. From the 1997 Record of Society of Actuaries, Vol. 23, No. 3.

Description: Presented at May 2002 Spring Meeting. Discusses the most reasonable profit measures and how they can be interpreted in various environments.

Description: The purpose of this paper is to study mortality-based securities, such as mortality bonds and swaps, and to price the proposed mortality securities. The focus is on individual annuity data, although some of the modeling techniques could be applied to other lines of annuity or life insurance.

Description: This paper suggests a possible framework for the mandatory annuitization of U.S. retirement savings, considers the experience of other countries and analyzes the advantages and disadvantages of mandatory annuitization.

Description: This paper explains how legal reforms related to annuities have decreased the popularity of annuities among plan sponsors, and then describes how a proposal for a federal charter option for life insurance companies could hold some promise for persuading plan sponsors to put annuities back into savings plans.

Description: This paper presents commutation columns for the a-1949 Table at 3 1/2% for Males and Females.

Description: Panelists discuss the subject of data modeling and then its application to benefit guarantees on variable annuities. Session 36PD of the 2005 Valuation Actuary Symposium.