Description: This article summarizes two significant reports on voluntary termination experience of individual policies that have recently appeared- one in Scotland, the other in the United States.

Description: This is about The Federal Register of October 18, 1982 announcement by the Veterans Administration concerning USGLI premiums. The premiums were based on the American Experience Mortality Table at 3 /2% interest which overestimates mortality and underestimates the interest rate. This article discusses the ramifications of this.

Description: The Actuary Vol. 22, No. 7. This article discusses the activities and goals of the Product Development Section of the SOA. Future activities will include joint sessions with other sections since product development issues sometimes relate to financial reporting. reinsurance, investments and nontraditional marketing.

Description: This article discusses the value of policy update programs for life insurance to reflect more current assumptions. One Update program was featured and the article shows the lapse experience of those that accepted the update and those that rejected the update confirm the value of UPDATE programs.

Description: Article Society Seminars by Adams in The Actuary, February 1979, Volume 13, Number 2

Description: Lapse rates from a recent, no dates specified, study of life insurance sold in New York State savings banks are summarized. They are compared with rates from a recent LIMRA inter-company study of agency business. First-year rates are broken down by premium frequency, and yearly rates are shown by type of life insurance plan.

Description: This article shows excerpts, edited into Q&A format from FIASCO’s September 1983 front page interview with James C. H. Anderson, conducted in London last summer by this newsletter’s London Correspondent, Gary Chamberlin. The interview addresses Mr. Anderson's beliefs that drastic changes are necessary if the U.S. life insurance industry is to enjoy a fruitful survival into the next century.

Description: Continuing a line which started in Vienna as far back as 1927, COINTRA an acronym for “Cooperation Internationale pour les Assurances des Risclues Aggraves” held its 14th conference in Stockholm from 9th to 12th June, 1981. Some 110 representatives from life assurance and reassurance companies, established in more than a dozen countries, were in attendance for the purpose of exchanging information and reviewing developments in substandard life assurance.

Description: Discusses the manner in which policy loan repayments are split into principal and interest components.

Description: Column to address problems that arise in everyday work. This article discusses the problem of projecting loans on an in-force block of business.