Description: discussion of a new product idea for retirement planning which integrates a variety of needs estate death benefit, annuity income, disability income, etc. into one product

Description: Presented at June 1996 Spring Meeting. Inability to quantify the volatility in individual disability income insurance is one of the key reasons for loss experiences in the industry. Discussion covers: volatility measures for reserving, application of reserve adequacy criteria under various plan designs, application of volatility measures to pricing, and a test of the effectiveness of volatility measures.