Description: This paper first discusses the history of the legislation of the joint and survivor benefits for the uniformed service personnel. It then goes on to address the specific actuarial assumptions made and the formulas developed for applying these assumptions for adaptability to the UNIVAC. This paper closes with specific programming procedures involved in using the UNIVAC.

Description: This article discusses the pending Pension Protection Act and the opportunity it presents for products that combine LTC and Annuities.

Description: This article is about the design and growth of the new variable life and annuity products.

Description: This presentation, session number 90PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held May 24-25 in Atlanta. The last two years witnessed a proliferation of guarantees on variable annuities and competing investment products: guaranteed living benefits and death benefits on variable annuities, as well as mutual fund death benefits and Canadian segregated funds. “To estimate costs of these benefits, companies have moved away from stochastic modeling to capital market pricing approaches. A panel of experts identify the various risks associated with these guarantees, provide an overview of the different pricing methodologies used in determining the costs, discuss whether companies are charging enough for these risks, and forecast the next wave of guarantee designs.” From the Record of the Society of Actuaries, Vol. 25, No. 1.

Description: This article addresses the issues of short-term volatility, the non-equivalency of traders and, how product development is being impacted by market consistency.

Description: The author's asserts that when estimating life expectancy, care should be taken to account for how trends in mortality can change over time change over time and that by assuming they remain constant, one can underestimate life expectancy and therefore undervalue annuity products.

Description: Compares how other industries (in this case, Fast Food) researches and tests new products. Provides examples of how the insurance industry can efficiently research and test new product concepts before going to market.