Description: The paper analyzes the merits of various bases for illustrating ordinary life insurance dividends considering dividend histories, current allocation, current experience, dividend forecasts and investment generation allocation. A discussion of the paper follows. From Transactions of Society of Actuaries 1978, Vol. 30.

Description: This paper discusses some powerful uses of recursive functions, including: 1. Universal life, both for the calculation of target premiums and reserves. 2. Paid-up Rider. Recursive functions can directly determine a premium that precisely matures the rider. 3. Traditional Whole Life. Reserves can be efficiently calculated when needed instead of referring to a table of stored factors. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This discussion on dividends looks at the two factor system and the experience premium system of distributing dividends and if they are more satisfactory under present-day conditions than the three factor method. Also discussed was the uniform reversionary bonus system. From Transactions of Society of Actuaries 1949, Vol. 1, No. 1.

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 is a discussion of the paper, A Present Value Approach to Profit Margins and Dividends by Harwood Rosser. From Transactions of Society of Actuaries 1951, Vol. 3, No. 7.