Description: This is the 1975 report of mortality on group annuity lives broken down by time of retirement as measured against the normal retirement date.

Description: In a recent note Ralph Garfield brought up a problem which seems to exist in using the method of separation of symbols. In contrast with his conviction we believe that the operator relations proved by operational calculus are practically useful, of course if they are interpreted in the correct sense.

Description: This note is labeled actuarial because it deals extensively with the force of interest, a concept which is characteristically of concern to the actuarial community. The authors’ personal point of view is that we should modify the basic definition of the compound interest.

Description: R. Evan Inglis, the new chairperson of the SOA/AAA Joint Pension Finance Task Force, shares with us his view of the important pension finance issues facing actuaries and the task force’s vision of how pension finance can strengthen the actuarial profession.

Description: Andrew Vaughan served as Chair of the Defined Ambition working group in the United Kingdom. Their report summarized a variety of different approaches for different plan designs and provided insights into different ways to apply defined ambition concepts. The report was presented to Parliament. The article discusses the report and provides insights about its development.

Description: This is the preface to the 1976 Report of The Committee on Group Life and Health Insurance. The report consists of the following sections: 1. Group Weekly Indemnity Insurance. 2. Group Long-Term Disability Insurance.

Description: This report covers mortality statistics obtained from United States and Canadian governmental sources, both civilian and military, supplemented by publications of the aviation industry.

Description: This article details the IRS' Revenue Ruling 2005-6. This ruling provides formal guidance on how to treat family term riders for purposes of the computational limit calculations in Internal Revenue Code IRC sections 7702 and 7702A i.e., calculations of net single premiums, guideline single premiums, guideline level premiums and 7-pay premiums. From Small Talk Newsletter, June 2005, Issue No. 24.

Description: This is the 2004 credit disability study report compiled by the Credit Insurance Experience Committee of the Society of Actuaries in July, 2005. The study was undertaken to update the basis for unearned premium reserves for single premium credit disability insurance.

Description: Imagine that the insurance purchase process is a bridge. The customer is coming from one direction and crossing the bridge and the insurer is coming from the other side. The point at which they meet is the transaction point. At one time, customers were willing to completely cross the bridge to get to the insurer. They knew that they needed insurance, and like any retail purchase, they would “travel” to make it happen. Today, the insurers are normally the ones “journeying” across the bridge. This is the future of insurance — useful, convenient, intelligent protection that does its best analytic and protective work on the client-side of the bridge.