Description: This paper applies the duality theory of linear programming to provide insights for generalizing and solving the cash-flow matching problem.

Description: This article demonstrates how returns on GAAP capital are related to the internal rate of return, which is calculated on a statutory basis. The purpose of this paper is to further develop this relationship.

Description: This paper looks at mathematical problems formulated in either explicit or implicit form. Followed by several discussion papers submitted

Description: Discussion of the pension trust business, including the advantages and disadvantages of using the whole life plan for the basic policy and accumulating an auxiliary fund to supplement the cost of the pension provided by the cash value of that policy. Also discussion of the procedures used to fund pensions for substandard or uninsurable risks.

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: Discusses the extent to which various influences are reflected in premiums, dividends and settlement options: improved mortality, interest rate trends, federal taxes, agent compensation and increasing expenses.

Description: This discussion looks at recent claim experience in group accident and health, experience rating criteria, the advantages and disadvantages of providing medical coverage with a schedule of benefits, and the extent to which total and permanent disability income clauses are being offered in new group life policies.

Description: This study covers all standard regular Ordinary issues of 1919 through 1951 exposed between 1948 and 1952 anniversaries, issued by the Prudential Insurance Company. There is a comparison of male to female mortality.

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 paper examines the valuation of assets and poses the following questions: A. What bases, other than cost or market, are in use for valuing pension trust assets and acceptable under the Internal Revenue Code and Rulings? and B. How can a retirement plan having assets valued on a book or cost basis utilize existing unrealized appreciation for purposes of improving benefits or reducing current funding costs without changing to a market value basis? From Transactions of Society of Actuaries 1961, Vol. 13, Pt. 2.