Description: This report presents the formal recommendation for a new mortality basis for individual annuity valuations. From Transactions of Society of Actuaries 1981, Vol. 33.

Description: This discussion at a SOA 1967 Regional Meeting covers individual life and health insurance topics including individual health loss of time coverages, life underwriting, reinsurance, individual annuity retirement plans in Canada, market testing new products.

Description: Often an investor is offered an annuity for a fixed purchase price. The computation of the yield rate implied by this transaction must presently be computed by an iteration scheme, usually on a computer. With reasonable parameters, the problem of determining the yield rate can be readily solved with a desk calculator. From the Actuarial Research Clearing House 1982, Vol.1.

Description: This paper presents a model is which can be used for certain annuities when interest rates and future lifetimes are random. These can be used in determining contingency reserves for possible adverse interest and mortality experience for collections of life annuity contracts. Certain boundary crossing probabilities for the stochastic process component of the model are obtained. From Actuarial Research Clearing House 1991, VOL. 1.

Description: Covers mortality experience under Canadian individual payout annuities and certain deferred annuities which have no cash value or no right to change the policy.

Description: This paper proposes a new mortality table as a minimum reserve standard for individual annuities - the 1971 Individual Annuity Mortality Table, '1971 IAM Table,' which is given herein. The construction of the new table is described and it is compared with current valuation standards.

Description: The article analyzes Private Letter Ruling 202031008, which considers how Internal Revenue Code sections 72(q) and (u) apply to an annuity contract issued to a trust. In particular, the Ruling interprets the terms “taxpayer,” “holder” and “held by” in those Code sections in situations where a non-qualified deferred annuity contract is issued to a grantor trust or a non-grantor trust. The Ruling’s analysis and conclusions differ in some respects depending on which of these types of trusts is involved. In addition, although the Ruling does not address sections 72(s) or 72(e)(4)(C), the Ruling has potential implications under those provisions because they also use the term “holder” and “holds,” respectively.

Description: This literature guide provides a basic grounding in policyholder dividends and other nonguaranteed elements in individual life insurance and annuities in Canada and the U.S. Participating insurance is most often offered by mutuals in the U.S. and by both mutual and stock companies in Canada.

Description: 1992 SOA Annual Meeting, Washington, D.C. In this session on Single Premium Deferred Annuities, the panelists discussed the results of the 1992 Single Premium Deferred Annuity Persistency Study and they identified some additional research in the area of interest-sensitive cash-flow analysis.

Description: This 1978 discussion focused on individual annuities especially non-qualified single premium and flexible premium annuities. Areas covered include marketing problems, product design, reasons for popularity, tax characteristics, SEC investigation and NAIC Model Reg.