Description: The author explores reasons why blocks of business may become legacy blocks and discusses ways to decrease the likelihood of legacy blocks in the future.

Description: This is a discussion of the paper, 'Insurance for Face Amount or Paid-Up Insurance Amount if Greater' by Cecil Nesbitt and Marjorie Van Eenam.

Description: Author discusses the treatment of current life insurance reserves under the tax code in determining a life insurer's taxable income, and what challenges are ahead in the era of principles-based reserves.

Description: Discusses how companies must ensure that significant and necessary product development, and administrative and compliance system changes, have been completed and tested in time to accommodate new requirements.

Description: This article compares earnings emergence under five popular world-wide accounting bases for two insurance products, term life and fixed deferred annuity.

Description: This meeting session covered proposed amendments to valuation and nonforfeiture laws, which included a new mortality table and the dynamic interest rate concept, and the SEC's scrutiny of annuities and Guaranteed Investment Contracts.

Description: The Individual Life Insurance Valuation Mortality Task Force of the Society of Actuaries has completed a new Valuation Basic Mortality Table for individual life insurance. This was updated April 2005 - Age Last Birthday tables added. This zipped file will decompress into 6 documents 2 Microsoft Word documents and 4 Microsoft Excel spreadsheets. ?Final Report.doc ?Appendix A.doc ?Ratio.xls ?Female.xls ?Male.xls ?ALB.xls

Description: Designing and Pricing LTCI Combination Products by Carl L. Friedrich from Long-Term Care Newsletter, December 2004, Issue No. 13.

Description: July 2019 issue of Small Talk by the Smaller Insurance Company Section. Practical information for actuaries, trends that impact section, and section activities.

Description: One of the most fundamental concepts in actuarial practice is the time value of money. For any work in which future cash flows are allowed for, such as reserving or pricing, it is natural to discount to present values so that an appropriate amount of money can be set aside today, allowing for future investment returns. This article discusses yield curve extrapolation methods along with the benefits and drawbacks of these methods.