Description: This paper was presented at the 1956 Society of Actuaries Eastern Spring Meeting, held April 19-20 in Hartford, CT. The author discusses the significant growth of immediate annuities, primarily through settlement options, and recent annuitant mortality improvement trends and experience studies, including a new mortality table, the proposed 1955 American Annuity Table. The author notes the main purpose of his paper is to propose a graded rate system for life income settlement options that is detailed enough to be equitable, yet simple enough to be understood by the policyholder. From Transactions of Society of Actuaries 1956 Volume 8, Number 21.

Description: This paper by Harry M. Sarason, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., and the ensuing discussion, considers how to dispel, in layman’s terms, the misconception that “an annuity for the expectation of life is the same as the average value of the life annuity.” From the 1960 Transactions Vol. 12, No. 33.

Description: In this paper, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., the author documents the determination of elementary functions and monetary values of the 1941 CSO Mortality Table on an age last birthday basis, noting that until this time the tables had been published only on the basis of age nearest birthday. The impetus of this change was the author’s company, Metropolitan Life, having recently started issuing ordinary life policies on an age last birthday basis, the rational being the use of age nearest birthday had led to policyholder confusion and misunderstanding. Includes discussion. From the 1960 Transactions Vol. 12, No. 33.

Description: This paper, presented by Gordon J. Munro at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., determines monetary functions of group annuity mortality based on the Ga-1951 Male Table, projected to 1960 by Projection Scale C. Includes discussion and errata sheet. From 1960 Transactions Vol. 12, No. 33.

Description: Noting that the Commissioners Annuity Reserve Method has been adopted by almost all states in the past four years as the basis for valuing individual account annuities in statutory statements, the author reviews this reserve method and how the various provisions commonly included in modern deferred annuity policies should be reserved to be consistent with its methodology. Includes discussion and author’s review of discussion. From Transactions of Society of Actuaries 1982 Volume 34.

Description: This paper presents commutation columns for the a-1949 Table at 3 1/2% for Males and Females.

Description: This is the brief supplement to the report regarding the Table of Uniform Seniority for Joint Life Caculations. From Transactions of Society of Actuaries 1959, Vol. 11, No. 31.

Description: From the 1960 Transactions Vol. 12 No. 32, this article is a discussion of the paper ‘A New Remarriage Table,’ by A. M. Niessen, which also appears in this volume of the Transactions. The contributors to the discussion provide their comments with respect to Mr. Niessen’s paper, which is based on his studies of widows’ remarriage rates.

Description: This section of book reviews covers topics of pension mathematics, cost of hospital care, variable life insurance, probability theory and early retirement programs. Also included in this article is information from U.S. National Center for Health Statistics. From Transactions of Society of Actuaries 1972, Vol. 24, Pt. 1, No. 68.

Description: This paper gives a brief description of the New Mortality Basis for Annuities, shows statistics on recent decreases in mortality rates and supplies projection scales and factors for future mortality decreases. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.