Description: This paper is from Transactions of Society of Actuaries 1955 Volume 7, Number 17. The author notes that in mortality studies the ‘natural’ unit for exposures and deaths is number of lives, but often more insight is gained by use of other weights, such as face amount. In this paper, the author develops a method which, ‘by a combination of exposed to risk formulas, provides a comparatively simple procedure to permit consideration of weights which vary during the observation period.’

Description: Discusses a method to construct an endowment plan which provides for a maturity value greater than face by treating the paid up amount as the sum insured whenever it exceeds face. The formulas for premiums, cash values and amount of insurance are provided.

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 digest of special presentation by the Committee on New Recording Means and Computing Devices reviews progress in technology and describes the approach to an electronic operating system for Ordinary insurance. This discussion highlights and describes Punch Card Computer operation and Magnetic Tape computers.

Description: The basic principle introduced in this paper is that the expected value of receipts on any insurance policy is equal to the expected value of payouts. Using an expected value approach, rather than present values, offers an interesting conceptual framework which might provide a possible starting point in risk theory to consider statistical variation about these expected values.

Description: This paper presents the general notion of a periodogram, following Elphinstone's approach. The paper then goes on to examine symmetric linear operators and their periodograms in preparation for the end discussion of periodograms of graduators.

Description: This paper adopts the framework whereby pension benefits are allocated one exit point at a time in some fashion to the years of service of those persons expected to leave at each exit point. Of particular interest is an allocation by interest-adjusted salary. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: This paper presents a generalized profits released model which resolves the difficulties of the traditional analysis posed by products that have fluctuating profits and losses over time or have no initial investment. Discussions of the paper are included.

Description: This paper develops a general approach to actuarial calculations in applications that can be modeled as multi-state processes. Such situations arise when benefits are payable upon a change in the status of the insured or while the insured maintains a given status. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: It is well accepted that, for ages 30 and above, human mortality rates increase with age, yet no established graduation method makes direct use of this knowledge. Such a method is offered in this paper.