Description: This is a discussion of the paper, Funding Group Life Insurance by Charles L. Trowbridge. From Transactions of Society of Actuaries 1955, Vol. 7, No. 19.

Description: This is a discussion about employee benefit plans after retirement. The following questions are addressed: 1. To what extent are death benefits and medical benefits for employees and dependents kept in force after the employee retires?, 2. Where there is a continuation of such benefits for a retired employee or his dependent, what special problems can result from remarriage or reemployment, or in the event of the enactment of a federal plan?, 3. What methods of paying for or funding such costs are used?, and 4. What are the tax implications to both the employee and employer of the various approaches? Also discussed are insured vs. non-insured plans and valuation standards for pension plans. From Transactions of Society of Actuaries 1964, Vol. 16 Pt. 2.

Description: This paper was presented at the 1955 Society of Actuaries Eastern Spring Meeting, held March 24-25 in New York City. Noting that traditionally, group life insurance has been financed on a yearly renewable term basis, the author discusses the reasons for development of group permanent life insurance and the different funding methods. The author also presents certain analogies with the funding of pension plans, and discusses employee taxability issues under current tax law for the various funding methods. From Transactions of Society of Actuaries 1955 Volume 7, Number 18.