Description: The article is a summary of Society of Actuaries report entitled “Annuity Market Pricing Approaches” sponsored by the Retirement Section Research Committee. The report examines the Canadian Institute of Actuaries (CIA) methodology of developing solvency valuation assumptions, compares it to methods used in the U.S., and considers if it could be used in other markets, such as U.S. group annuities or individual annuities

Description: This paper analyzes which of the factors that affect retirement mortality determined in Phase I of the FARM project should be added to the existing mortality studies of the Society of Actuaries. Some factors were added or modified and two were dropped from those in Phase I.

Description: This paper is a practical guide to the terminal funding annuity product. Actuarial considerations, investment strategies, administration, and marketing aspects are discussed.

Description: This session discusses two recent SOA research initiatives called FARM I and FARM II. From Record of Society of Actuaries, Vol. 30, No. 3.