Description: The 1977 introduction of Average Indexed Monthly Earnings into the U.S. Social Security benefit formula makes it necessary to seek new ways to estimate the Primary Insurance Amount - the author proposes a formula for this estimate.

Description: The author gives his opinions of the cause of the health care financing crisis and ever increasing health care costs.

Description: The Health Section Council received an excellent response to its announcement last year that a special issue of its newsletter would be devoted to papers on long-term care insurance. Ten papers were received and published in the May issue.

Description: This article discusses the problems facing long-term care insurance. These include slowing sales, large premium increases and carriers exiting the market. The author suggests that the public needs to be better educated and that insurers need to find innovative ways to design products that are sustainable, yet sufficiently affordable to be attractive to a wide variety of buyers.

Description: An article in which Robert Laszewski, a Washington health policy strategist, tells us, actuarial science has never been more important to our country.

Description: The Fellowship Admission Course FAC is one of the proposals contained in the White Paper on Future Education Methods for the Actuarial Profession, circulated by the E&E Committee in early 1987. FEM proposals were developed with three primary objectives.

Description: Article describing two actuarial notes released by the Social Security Administration in 1967 clarifying changes to primary insurance amounts and family benefits.

Description: Long-term-care LTC insurance presents a huge opportunity for insurers. If fully exploited, the field lends itself to policies with relatively large premiums that need to be accumulated over a lifetime in statutory reserves, requiring fiduciary investment management as well as insurance services. The need to accumulate large reserves to prefund a risk largely concentrated at the end of the life span gives this product most of the desirable characteristics of the level premium life insurance policies that were the staple of the insurance business for many decades.

Description: The author outlines the Academy's analysis of Clinton health care premiums, standard benefits, mental health benefits.

Description: This article discusses Life-Cycle Saving and Investing for retirement. The article reviews how actuaries can add to the discussion of what is wanted and needed in retirement and how traditional replacement ratios can be linked with consumption targets.