Description: The paper analyzes recent individual annuity mortality experience, derives comparative annual mortality improvement rates and, in particular, examines in detail the 1976-86 experience in the most recent Report of the Individual Annuity Experience Committee. From Transactions of Society of Actuaries 1995, Vol. 47.

Description: The differences between select and ultimate insurance mortality are usually explained in terms of: 1. deterioration of a person's physical condition which occurs due to aging, and 2. anti-selection which occurs as some policyholders allow their coverage to lapse [i.e., those policyholders who find their health has become poor keep their coverage, while those who remain healthy discontinue their insurance]. This paper explores the differences in mortality between companies related to the differences in lapse rates of the companies.

Description: This study develops mortality ratios, using contemporary population tables as the base, for the 897 Fellows of the two predecessor bodies to the present Society observed to anniversaries in 1985. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This paper presents an analysis of the basic actuarial theory for life insurance policies which have fixed premiums, the entire reserve held in a separate account, the assets of which would be invested primarily in common stocks, etc. From Transactions of Society of Actuaries 1969, Vol. 21 Pt. 1, No. 61

Description: This paper introduces continuing care retirement communities and outlines the major recent developments in financing procedures and regulatory requirements aimed at keeping these entities solvent. In particular, it describes the Actuarially Based Financial Management System created by the AAA and the accounting Statement of Position 90-8 promulgated by the AICPA. From Transactions of Society of Actuaries 1995 Vol. 47

Description: This paper presents an in-depth analysis of life insurance protection which rises with increases in the consumer price index, with special attention to the nonforfeiture values. Two methods of calculating policy values are presented: change of state method and index accumulation method. Finally, there is some discussion of pricing and policy drafting.

Description: This paper develops a method of developing and pricing life insurance based on game theory. The interests of the agent, company and insurance prospect are taken into account. From Transactions of Society of Actuaries 1968, Vol. 20, Pt. 1, No. 56 AB.

Description: 1962 SOA Regional Meeting, Philadelphia. This discussion was about methods that have been used to provide for exposure to higher-than-normal limits of insurance on individual lives in employee groups. Also, mortality experience on group life business was discussed. From Transactions of Society of Actuaries 1962 Vol. 14. pt 2.

Description: At the end of 1963 health insurance claim reserves and liabilities held by companies on this continent totaled well over one billion dollars. This paper seeks to study the problems involved in calculating these reserves and liabilities and to describe the methods in use. From Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 44 AB.

Description: Topics: Financial strength issues related to formation of new companies, and content of SOA's spring programs and discussion rules.