Description: This article summarizes the results of the survey covering industry practices relating to the valuation of variable annuities under FAS 133/157 including implied volatility parameters used in the FAS 133/157 liability scenario generator, non-performance risk and liquidity premium adjustments to discount rates, as well as the determination of risk margins.

Description: This article gives a summary of a presentation given by John Antliff before the Chicago Actuarial Club on April 24, 1967 focusing on the current status of variable annuities.