Description: The failure of a few large life insurers in the early 1990's led to public concern about the safety of annuities purchased by qualified retirement plans. As a result, the Department of Labor issued guidelines, known as the 'Safest Annuity Rule,' for selecting annuity providers. This study examines whether the Safest Annuity Rule is significantly changing the market for insured annuities issued to tax-qualified pension plans, particularly upon the termination of defined benefit plans. From Transactions of Society of Actuaries 1997-98 Reports.

Description: This section presents and summarizes insurance-related legal cases of 1953 including: 1. GROUP ANNUITY CONTRACTPERPETUAL OBLIGATION: Freeport Sulphur Company v. Aetna Life Insurance Company, 2. SERVICE OF PROCESSUNAUTHORIZED INSURER: Parmalee v. Iowa State Traveling Men's Association, 3. ORAL PLEDGE OR ASSIGNMENTCREDITOR'S RIGHT: Commercial National Bank v. Chapman, 4. DOUBLE INDEMNITYMILITARY EXCLUSION: Weissman v. Metropolitan Life Insurance Company, 5. LIQUIDATION OF MUTUAL COMPANYJURISDICTION OF INSURANCE COMMISSlONER: Allyn v. Hull, 6. AVIATION EXCLUSIONPARACHUTE JUMP: Smith v. Mutual Benefit Health and Accident Association, 7. SETTLEMENT OPTIONTESTAMENTARY DISPOSITION: Hall v. Mutual Life Insurance Company, 8. PURCHASE OF HOME OFFICE PROPERTYINSURANCE SUPERINTENDENT'S APPROVAL: Guardian Life Insurance Company vs. Bohlinger, 9. LOAN VALUE: DISABILITY AND DOUBLE INDEMNITY RESERVES: Chastang v. Mutual Life Insurance Company, 10. CONVERSION OF GROUP INSURANCESUICIDE: Lineberry v. Security Life and Trust Company, 11. DOUBLE INDEMNITYMILITARY EXCLUSION: Western Reserve Life Insurance Company vs. Meadows

Description: The Society of Actuaries' Group Annuity Experience Committee has completed this experience update, which presents the 2015 through 2016 calendar year experience of retired individuals in the United States who are covered under group pension contracts. This update compares these most recent two years of available experience to the 2011-14 period and analyzes how the recent data affects aggregate annual mortality improvement in the group annuity experience data since 2007.

Description: This report compares the CIA pricing method for estimating group annuity closeout pricing to methods used in the US.

Description: This 1964 report is limited to a study of the experience for the year 1963 of single life matured annuities under Group Annuity contracts. The mortality experience is compared with the GA-1951 male and female tables without projection.

Description: This 1960 Report includes only the regular matured life study and is limited to the experience of single life matured annuities under Group Annuity contracts. From Transactions of Society of Actuaries, 1960 Reports.

Description: This actuarial note presents a comparison of mortality rates and The Prudential 1950 Group Annuity Valuation Table. From Transactions of Society of Actuaries 1950, Vol. 2, No. 4.