Description: This is an article on statutory maximum valuation interest rates, the second of three articles outlining the new Model Valuation and Nonforfeiture Laws.

Description: The author offers his proof that an annuity for the life expectancy exceeds a life annuity.

Description: Article from The Actuary, May 1985 – Volume No. 19, Issue No. 5 that discusses the NAIC adoption, for future use, of two tests of continued adequacy of the 1983 Table A.

Description: discussion of mathematical calculations for various forms of annuities certain

Description: In the early 1990s, when several large U.S. and Canadian life insurers teetered on the brink of insolvency and finally collapsed, the U.S. Department of Labor issued its 'safest annuity' provision [DOL Interpretive Bulletin 95-1] ruling that private pension plans buying annuities had the fiduciary obligation to choose the 'safest available' provider. This article examines the effect this ruling has had on the annuity market.

Description: Diagram displaying the relationships between the various annuity certain functions.

Description: This article derives a recursion formula for determining life contingent annuity payments, and explains how it lends itself to use in computer programs.

Description: The Canadian Institute of Actuaries held a panel discussion on product innovation at its June 1981 meeting. This article consists of edited excerpts from a document that was distributed in advance to stimulate discussion, and some remarks on the discussion that took place. This article discusses some of the products developed in response to the current high and volatile interest rate environment, such as flexible premium policies annuities and insurance and adjustable single premium policies.

Description: The article is an editorial on annuitant mortality over sixty years, 1923, 1943, 1963 and 1983.

Description: The Actuary Vol. 22, No. 7. This article describes the state of the insurance market in Japan in 1988. While traditional permanent policies abound, a variable life product was introduced in 1986.