Description: This is an editorial warning about the escalating costs of Medicare as outlined in the 1983 Annual Report of The Board of Trustees of The Federal Hospital Insurance Trust Fund. The editorial ends with a question asking what the actuarial profession, and its members individually, ought to be doing that they aren’t already doing?

Description: This article describes how Long-Term Care riders attached to Life Insurance policies provide real insurance value at a reasonable cost and allow life insurance companies to compete on a basis other than cost.

Description: The author discusses the first life table, or life table model, which was produced in 1662 by John Graunt in his Natural and Political Observations. He notes that the brief, crude table was both inaccurate and unrealistic, but nonetheless, proved to be the source of one of the most powerful concepts and valuable tools in demography and actuarial science.

Description: The author suggests that the optimal use of capital requires one to find a way to strike a balance between the conflicting desires for maximizing long term profit and minimizing short term loss.

Description: Combo long-term care insurance products provide a viable option for the insurance industry to offer a sufficient range and supply of private long-term care financing solutions.

Description: This article discusses the need for a sophisticated modeling system capable of analyzing the impact of the variables present in pension plan projections and providing management with information which it may act upon.

Description: On March 19 the Actuaries Club of New York heard a report by Messrs. Dale R. Gustafson and James J. Murphy on the sweeping change in coverage on old policies that Northwestern Mutual Life is offering its policyholders to address a problem caused by the US 1959 Income Tax Act.

Description: The author explores the issue of longevity risk with its implications for life insurers and society at large, and concludes that the actuarial profession is in a unique position to understand longevity risk and offer solutions.

Description: The actuarial techniques actuaries use in financial security systems can be adapted to provide valuation of potential corporate environmental liabilities.

Description: The article explores the use of economic capital modeling to deliver value to clients by improving the financial security of many individual lives around the world in a cost-effective way.