Description: This paper presents multiple book reviews: Reports from Staff of U.S. House of Representatives Committee on Ways and Means and U.S. Senate Committee on Finance, Reports in Connection with Social Security Legislation 1975-77, 'Statement on Cost Comparisons of Individual Life Insurance Policies', by Canadian Institute of Actuaries, 'Investment Activities of Life Insurance Companies' from Huebner Foundation Lectures, 'The Life Insurance Industry's Marketing Dilemma' by Johns, 'The Future of Social Security' by Munnell, 'Social Security - Today and Tomorrow' by Ball, 'Mortality Table Construction' by Batten, 'Mortality Table Construction' by Batten, 'The Crisis in Social Security - Problems and Prospects' by Boskin, 'A History of Interest Rates' by Homer, 'Indexation of Pensions and Other Benefits' by Robert Myers, 'Life Insurance Accounting' by Strain, '1978 Annual Report of the Board of Trustees of the Federal Hospital Insurance Trust Fund...' by US Congress. Brief summaries of additional readings are also included.

Description: This is article covers a session from the Annual Meeting about financial analysis and corporate strategy. It discusses: evaluation of external factors that affect the long-run outlook for the company, assessment of strategic opportunities and development of long-range action plans. 1975 Record Vol.1 No. 4

Description: This session from the 1983 SOA Vancouver Meeting covers the changes that are being made to traditional dividend distribution techniques - specifically new money and variable interest rates on policy loans, how unusual changes in dividend experience are reflected in surplus distribution and update programs. From Record of Society Of Actuaries Vol. 9. No. 3

Description: This discussion examines the effect continued inflation has on the pricing process. Additionally, if the current dividend scales should be hedged for future inflationary impacts and if there is a change in product demand or sales as a result of inflation. From Record of Society of Actuaries, Vol. 1, No. 2.

Description: Panelists provide regulatory updates about risk classification [including AIDS application issues], valuation and nonforfeiture, and cost disclosure. From the 1987 Record of Society of Actuaries, Vol. 13, No. 2.

Description: This paper presents an analysis of the basic actuarial theory for life insurance policies which have fixed premiums, the entire reserve held in a separate account, the assets of which would be invested primarily in common stocks, etc. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 1, No. 61

Description: Discusses status of compliance with NAIC Annual Statement Blank requirement, survey of regulatory responses to interrogations, comments of the American Academy of Actuaries Task Force on first year results, and use of non-guaranteed elements in sales presentations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: The panel discussed conservation strategies for permanent and term insurance. Topics included: 1.Impact on in-force business from new products e.g., continuous reduction in ART rails, non-smoker discounts, universal life: increased policy loans?, replacements?, lapses?, surrenders and _exchanges? 2. Responses from companies: e.g. extension of new cost methods to existing policyholders?, Field compensation when replacing existing business?, internal conservation functions?, update programs policyholder/agent communication strategies? applicability of new products to in-force policyholders. 3. Interest groups which must be considered and differences between stock vs. mutual companies? e.g. Policyholder, agent/broker, management, stockholders, prospective policyholder, legal/regulatory forces IRS, SEC, state insurance departments. 4. Appropriate financial considerations and anticipated results? Is stonewalling a viable alternative? GAAP effects statutory effects use of reinsurance field force compensation/survival, anticipated future mortality results, Federal Income Taxes.

Description: This session from the 1984 SOA Toronto Meeting discusses portfolio management, monitoring experience and current new product trends in individual term insurance. From Record of the Society of Actuaries Vol. 10, No. 4A

Description: This paper, originally published in 1969 in Transactions of Society of Actuaries Vol. 21, presents an analysis of the basic actuarial theory for life insurance policies with fixed premiums and variable benefits reflecting the investment performance of a separate account, where in its basic form, the policyholder bears the entire investment risk. The paper discusses various regulatory and other changes that would be needed or desirable, as well as variation in design such as minimum guarantees. Significant discussion is included, with over twenty individuals contributing in addition to the authors. The introduction to the Monograph notes that while not the first paper on this topic, it “clearly established the framework for subsequent developments of variable products.”