Description: In this paper a new method of adjusting probabilities of death for short age interval, based on the assumption of a modification in one of the forces of decrement, is developed.

Description: This panel discussion is divided into two topics, Valuation of Stockholder Equity and Advantages of a Merger or an Acquisition. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 2, No. 59 AB.

Description: This paper illustrates a procedure for analyzing the sources of profit under FAS 97 and suggests an analytical procedure for reflecting actual experience and revised future assumptions in the recalculation of the estimated gross profit defined by FAS 97.

Description: The purposes of this paper were to help determine the level of adequacy of the 1964 Commissioners Disability Table as a basis for reserving disabled lives, and to provide individual insurers with information that might aid them in their deliberations concerning reserve adequacy and reserve table modifications. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: This paper examines provisions for the termination of pension plans. From Transactions of Society of Actuaries 1955, Vol .7, No. 17.

Description: The report begins with Tan's paper Source-of-Earnings Analysis under FAS97 Universal Life Accounting that defines a procedure for analyzing the sources of profit. This paper extends the analysis to consider the effect of actual experience varying from expected and the effect of those variances on assumptions for the future. Also the paper illustrates examples of the effect of changing future assumptions or unlocking on the magnitude and incidence of profits and amortization. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This report presents a new set of select and ultimate expected individual life insurance lapse tables, based on inter-company experience of standard ordinary business between 1971-1972 policy anniversaries. Discussion includes overview of how the data was collected and how the tables were constructed and how they should be applied in practice.

Description: The objective of this paper is to analyze the nature of the probability density function of rates of return on common stocks, to develop a simulation model for evaluating the net risk premium for an asset value guarantee at the end of a specified investment period under an equity-based product and to analyze the sensitivity of the net risk premium to changes in several underlying parameters. From Transactions of Society of Actuaries 1969, Vol. 21, Pt. 1, No. 61.

Description: In this paper, the long-term funding consequences of negotiated improvements in pension plans are examined. Particular emphasis is placed on the effects on both contribution rates and the overall funding position of the plan of such things as benefit increases to retirees, reductions in the average retirement age, economic events that affect the size of the active work force, and the interplay between the increases in pay and benefit rates and the other valuation assumptions. A simulation model is used to uncover the influence of each variable. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: Report presenting a detailed description of how the actuary can analyze C-3 risk, using asset-liability analysis.