Description: This article is a summary of Darrell Laird's paper in T.A.S.A. 50, The Revenue of the Period of Account and Its Relation To Premiums, Valuation and Dividents. Mr. Laird saw 3 problems, 1 finding a comprehensive way to measure a life company's real performance, 2 displaying sale and administrative expenses revealingly to management and 3 distributing surplus equitably among holders of individual policies.

Description: Addresses U.K. actuarial discussion regarding “maturity guarantees”, i.e., the reserves necessary to support promises contained in investment-linked contracts.

Description: Article The U.S. Government Cost Disclosure Report by Moorhead in The Actuary, June 1979, Volume 13, Number 6

Description: Discussion of a New York Times article dealing with the arbitraging of policy loan proceeds by investing them in money market instruments whose yields were well above the policy loan interest rate.

Description: Article Editorial by Moorhead in The Actuary, February 1979, Volume 13, Number 2

Description: Article Permutations And Computations by Moordhead in The Actuary, February 1979, Volume 13, Number 2

Description: This article shows excerpts, edited into Q&A format from FIASCO’s September 1983 front page interview with James C. H. Anderson, conducted in London last summer by this newsletter’s London Correspondent, Gary Chamberlin. The interview addresses Mr. Anderson's beliefs that drastic changes are necessary if the U.S. life insurance industry is to enjoy a fruitful survival into the next century.

Description: Advocates promoting the savings aspects of cash value life insurance products.

Description: This article discusses a paper entitled, “Looking at Canada in 1980.” The author of this article, editor of The Actuary, notes that the paper’s author, A. Peter Hardy, F.I.A., who had called upon his own experiences in Canada in 1976-79 to write it, provided a copy, excerpts from which are included in the discussion. Three of the areas Mr. Hardy addressed for comparison between Canada and UK practice are discussed in this article: taxation, guaranteed cash surrender values, and life insurance commission and the field force.

Description: This article by the editor discusses responses from readers to The Actuary’s September 1981 Supplement on Universal Life, much of it critical in nature. One responder noted that Universal Life is ‘a symptom of an economy in convulsion,’ and had serious doubts that this product will successfully provided consumers with long term life insurance protection.