Description: The authors set forth a generalized model describing the application of current law [1976 NAIC model Standard Valuation Law and Standard Nonforfeiture Law] to products of the universal life type. Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1983 Volume 35.

Description: This is an article about term mortality and lapses and related premium structures.

Description: This paper discusses the special considerations involved in pricing a select and ultimate annual renewable term product. It covers such areas as expenses, conversion costs, and profit calculation, and devotes particular attention to the relationship between mortality and withdrawals on this type of product. From Transactions of Society of Actuaries 1980, Vol. 32.

Description: Discussion of the latest report of the Individual Life Experience Committee ILEC Mortality for Standard Individually Underwritten Life Insurance Between 2005 and 2007 Policy Anniversaries.

Description: Article analyzes the value of a discounted accelerated benefit provision and suggests that it might be more generous than expected.

Description: Panelists discuss recent trends in the effects of mortality and lapse rates on term life insurance. The discussion includes: • Theories predicting the impact lapse rates have on mortality after the level premium period • Recent industry studies on mortality and lapses • The impact lapse and mortality rates have on profits

Description: This session at the SOA 1998 Maui I Spring Meeting looks at the increasing competition in the marketing of term insurance from the viewpoint of a direct writer and a reinsurer.