Description: Article Permutations And Computations by Moordhead in The Actuary, February 1979, Volume 13, Number 2

Description: Mandatory implementation of life principle-based reserves (PBR) is just around the corner, and there is no shortage of work to do, as most products have yet to be moved to PBR. Oliver Wyman recently completed its 2019 PBR survey, with more than 40 participants covering 85 percent of the individual life market, including 23 of the top 25 life writers and five reinsurers. This article will expand on the key survey findings including implementation status and model simplifications.

Description: This is authors' Fellowship Credit Research Paper. This paper will develop a model for cash flow testing traditional participating insurance that utilizes pricing tools and assumptions to project reserve liabilities. The model makes use of finance and accounting tools to monitor the reasonableness of ending and intermediate surplus results that emerge under the various interest rate scenarios imposed.

Description: This is a critique of J.M. Belth's book titled The Retail Price Structure In American Life Insurance.

Description: This paper develops the mathematical formulas for net premiums and reserves for whole life plans in which the benefit is insurance for the face amount plus the net level reserve or plus the Commissioners Reserve or plus the minimum cash value or plus a modified cash value.

Description: Discusses plan design, suitability for issue by small companies, policy experience, sales results, administrative and filing problems.

Description: On January 1, 1986, a life insurance company began issuing whole life policies countrywide on a non-medical issue basis. Each applicant was asked whether he was a smoker or non-smoker. This article looks at the 1st duration smoker/non-smoker mortality.