Description: Discusses the use of allocated and marginal expenses in pricing life insurance products.

Description: The impact of the underlying mortality table selected as a basis for projecting mortality results

Description: In this paper a model of term insurance experience is constructed on the basis of mortality classes theory and utility theory. The model generates a complete set of mortality, withdrawal, and conversion rates on term insurance and of mortality rates on converted policies . The resulting decrement rates can be used in a Jenkins-type formula to calculate gross premiums.

Description: This report explores ratemaking, examines the relationship of gross premiums and profit margins, suggests criteria for measuring contingency and profit margins, discusses the types of assumptions suitable for calculating nonparticipating rates and presents the mathematical technique to determine the premium. A discussion of the paper follows.

Description: A five-factor individual life expected profit formula is presented in this paper, with first-year lapse rate and amount of insurance as variables. The formula is appropriate for a single age-plan-sex cell.

Description: Discussion of the process for determining the premium for a life insurance product which pays the cash value in addition to the face amount upon death. This type of policy fulfills the specifications of a split-dollar or minimum-deposit sales approach. Followed by several discussion papers submited.

Description: This discussion on premium differentials examines if a graduation of premium rates by policy size is feasible or desirable as well as if it is practical to give lower premium rates to females.

Description: This paper presents ratemaking for nonparticipating life insurance including the relationship between gross premiums and profit margins, suitable assumptions, a technique for evaluating in force business and demonstrating results using the methods. The paper is followed by a discussion. From Transactions of Society of Actuaries 1959, Vol. 11, No. 30 AB.

Description: Presented at May 1996 Spring Meeting. The session focuses on pricing and product design in emerging insurance markets in an inflationary or devaluation-plagued environment.