Description: This article contains reviews of the following books published in 1992: 1. 'Broken Promises: The Inside Story of the Failure of Executive Life' by Vic Modugno, 2. 'Within the System: My Half Century in Social Security' by Robert J. Myers, 3. 'Insurance Risk Models' by Harry H. Panjer and Godon E. Willmot, and 4. 'Social Security: What Every Taxypayer Should Know' by A. Haeworth Robertson. Notices of Social Security notes and studies are also included. From Transactions of Society of Actuaries 1992, Vol. 44.

Description: This report presents a new set of select and ultimate expected individual life insurance lapse tables, based on inter-company experience of standard ordinary business between 1971-1972 policy anniversaries. Discussion includes overview of how the data was collected and how the tables were constructed and how they should be applied in practice.

Description: This discussion on graded premiums looks at the effect of graded premiums on the volume of life insurance written, any problems which have developed from the operating, policyholder or agent perspective and emerging trends. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.