Description: This paper discusses some powerful uses of recursive functions, including: 1. Universal life, both for the calculation of target premiums and reserves. 2. Paid-up Rider. Recursive functions can directly determine a premium that precisely matures the rider. 3. Traditional Whole Life. Reserves can be efficiently calculated when needed instead of referring to a table of stored factors. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This panel discussion is about the viability of single premium annuities and single premium life insurance. Items discusses include product design, pricing and regulatory issues with the back drop of high inflation of the times.

Description: On January 1, 1986, a life insurance company began issuing whole life policies countrywide on a non-medical issue basis. Each applicant was asked whether he was a smoker or non-smoker. This article looks at the 1st duration smoker/non-smoker mortality.

Description: Summary of recent changes to IRS Section 7702 Interest Rates, and how it will impact the design of life insurance products in the future.

Description: 1988 Valuation Actuary Symposium. The speakers in this session addressed the relative volatility of participating whole life versus universal life and the annual-premium versus single- premium basis.

Description: Summary of the SOA research project on PBR Simplified Methods. Describes the multi-risk scenario generator, central estimate assumptions, assumption objectivity measures, and regulatory demonstrations per VM-20.

Description: 1988 Valuation Actuary Symposium. In this session the speaker described the modeling of the participating whole life division including the product description, modelling assumptions, operation of the model, and the results.

Description: Read the Quo Vadis Reinsurance.

Description: This report presents the results of an experience study.

Description: This paper develops the mathematical formulas for net premiums and reserves for whole life plans in which the benefit is insurance for the face amount plus the net level reserve or plus the Commissioners Reserve or plus the minimum cash value or plus a modified cash value.