Description: This paper discusses a brief history of policy loans, a description of the problems being experienced by companies and possible solutions. A discussion of the paper follows. From Transactions of Society of Actuaries 1977, Vol. 29.

Description: This 1978 session examines income taxation for North America. Topics covered: I. Canadian Income Tax a. What problems and deficiencies have been found in the new Canadian income tax act and regulations? b. What effect will the new tax rules have on profits, pricing and plan design? Is the overall tax burden fair? Is it fairly distributed? 2. U. S. Income Tax a. What impact will proposals for tax reform, if adopted, have on the life insurance business in the U.S.? What alternatives have been proposed by the industry? b. Are legislative changes needed in the 1959 Company Tax Act? If so, in what areas? c. What are the implications of recent Court decisions?

Description: This 1978 session focused on individual life product development. Topics included: 1. Policy loan rate considerations 2. Federal Income Tax considerations 3. Inflation recognition 4. Determining interest rate for nonforfeiture values and reserves 5. Reserve valuation method impact 6. Innovation in asset share techniques 7. State approvals and disapprovals 8. Disclosure 9. New products - Term insurance plus deposit funds, Contingent Life, Joint Life, Pension Trust, etc.

Description: This 1979 session is about current developments in Life products. Products discussed: 1. Adjustable life 2. Universal life 3. Indexed coverages 4. Term Insurance plus accumulation fund 5. Level Premium Term to 100 6. Revertible Term