Description: This is the discussion of the paper by J. Alan Lauer that develops the apportionate basis for the immediate payment of claims as an alternative to continuous functions. A new function, the apportionable annuity due, is defined and derived and formulas for net premiums and terminal reserves on the apportionable basis are developed. Then an investigation is made of the relationship of net premiums and terminal reserves on the apportionable basis to the corresponding functions on the continuous functions basis.

Description: This is the fourth paper on n-year roll forward reserve financing of public benefit systems, especially Old-Age, Survivors and disability Insurance OASDI, prepared by University of Michigan faculty and students. As the papers have developed, some ideas have been simplified, while others have become more complex. It is concluded that the theoretical model requires further attention. This research can be extended to expand our knowledge of OASDI financing and the applicability of n-year roll forward reserve financing.

Description: This paper presents an analysis of the basic actuarial theory for life insurance policies which have fixed premiums, the entire reserve held in a separate account, the assets of which would be invested primarily in common stocks, etc. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 1, No. 61

Description: The general theme of discussion was pension plan funding and cost. The specific topics discussed included: impact of ERISA on corporate funding strategies, ethical considerations involved in deciding how to address inflation in pension plan costs, actuarial cash flow projections, actuarial role in evaluating alternative investment strategies, effect of ERISA's imposed Funding Standard Account, and discussion of the paper titled Introduction to Dynamics of Pension Funding. From the Record of the Society of Actuaries, 1976 Vol.2 No. 1

Description: This is a discussion of the paper, Insufficient Premiums by Paul W. Nowlin. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: The purpose of this note is to demonstrate a general method for the solution of average age at death problems. From Transactions of Society of Actuaries 1950, Vol. 2, No. 2.

Description: The aim of this paper is to examine relationships, analogous to that of premiums and reserves, for the case of a general insurance with benefits payable in respect to several forms of decrement. Specifically, this paper presents a system of splitting the total premiums and reserves into components related to the different benefits, with formulas distinguished between dependent and independent relationships between premium and reserve components. Discussions of this paper are included.

Description: This is a discussion of the paper, Actuarial Note: Valuation of Reversionary Interests Involving Two or More Lives for Federal Tax Purposes by Charles G. Groeschell and William M. Snell. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: This is a discussion of the paper, Actuarial Note: Reserves by Different Mortality Tables by Harry Gershenson. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.

Description: This is a discussion of the paper, Actuarial Note: On Average Age at Death Problems by Walter Grace and Cecil Nesbitt. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.