Description: This paper discusses adjustable life insurance and certain theoretical problems of these policies. It also covers how the Commissioners Reserve Valuation Method, CRVM, may be extended to cover adjustable life policies and defines formulas for the additional expense allowance at the time of change. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This paper describes methods adapted to the computer for calculating premiums and nonforfeiture values separately for each policy at its original issue and for as many changes in the policy as may be made later. It also discusses current insurance law, underwriting, substandard issues, dividends and sales illustrations. From Transactions of Society of Actuaries 1976, Vol. 28.