Description: A summary of a preliminary report from the Committee on Valuation and Related Problems, on guidelines for quantifying balance sheet items in an insurance enterprise.

Description: The author explores reasons why blocks of business may become legacy blocks and discusses ways to decrease the likelihood of legacy blocks in the future.

Description: Article from The Actuary, March 1971 – volume 5 - Issue 3 talks about a hypothetical life insurance company's introduction of a new policy whereby the increased death benefits after the premium paying period are used to justify smaller cash values and reserves than would be required under a comparable policy which endowed for its cash value at the end of the premium paying period.

Description: Reviews Dr. Belth's level price method for comparing the costs of two different cash value life policies.

Description: Addresses U.K. actuarial discussion regarding “maturity guarantees”, i.e., the reserves necessary to support promises contained in investment-linked contracts.

Description: This article describes the mortality tables that the Board of Governors of the Society of Actuaries is recommending to the NAIC as successors to the 1958 CSO Table

Description: The Occidental Life Insurance Company position paper: Mortality Fluctuation Reserve for Stock Life Insurance Companies is reproduced. The methods chosen are considered to conform to the Audit Guide for Stock Life Insurance Companies issued by the AICPA in December, 1972.

Description: Discussion of a Society of Actuaries research report on cost comparison methods life insurance sales illustration support, prepared at the request of the NAIC

Description: As a result of over 30 states enacting Legislation permitting the use of an interest assumption as high as 4% in determining life insurance reserves, the Society of Actuaries Committee on Preparation and Publication of Monetary Values conducted a survey of insurance companies, consulting actuaries, and regulatory authorities to determine whether this change in legal valuation standards would create a need for the publication of 1958 CSO Monetary Values volumes at 4% interest. After a review of the results of this survey and a study of the computing and printing costs of such a project, the Society’s Board of Governors has authorized the Committee to solicit orders for such volumes.

Description: Discusses the manner in which policy loan repayments are split into principal and interest components.