Description: This paper by Harry M. Sarason, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., and the ensuing discussion, considers how to dispel, in layman’s terms, the misconception that “an annuity for the expectation of life is the same as the average value of the life annuity.” From the 1960 Transactions Vol. 12, No. 33.

Description: Discusses how the SOA can encourage the study of basic mathematics in secondary schools and colleges preparing students with the necessary academic background for an actuarial education. The panel also examines how local actuarial clubs can stimulate academic education in the field of math and if more colleges and universities should be encouraged to establish actuarial courses.