Description: We have for many years looked into the demographic, economic, social, and political trends that are going on here in the United States and have concluded that the future of our industry lies in the full financial services concept.

Description: From the Record 1977 Vol. 3, No. 1, this presentation is from a concurrent session at the Society of Actuaries 1977 Regional Meeting, held in Atlanta March 31-April 1. The presenters at this session discuss dividend philosophy, maintaining equity among generations and classes of policyholders, “enterprise risk exposure and management,” portfolio versus new money interest rates, including related investment risks, and who owns mutual company surplus.