Description: Discussion of possible hedging strategies for offsetting the investment risk for variable annuities, especially those with guaranteed benefits.

Description: A discussion of how the tax law changes of 2003 might affect the attractiveness of variable annuity business relative to mutual funds and direct investments in dividend paying equities.

Description: Comments from the Chair Progress and Volunteerism

Description: This article presents the author's views on how direct writers of term insurance should view and monitor their reinsurance.

Description: Summarizes, in tabular form, mortality improvement rates referring to recently released report from CDC based on 2003 death rates.

Description: Portion of the introduction and the table of contents to the full paper entitled “Nontraditional Guarantees on Life And Annuity Products.”

Description: This article highlights the interaction between pricing and corporate. There is a move toward principle-based reserving standards in the United States.

Description: Full version of Product Matters! March 2006, Issue No. 64.

Description: Full version of Product Matters! February 2007, Issue No. 67.

Description: The Canadian Institute of Actuaries CIA recently updated its studies of lapse experience under universal life UL level cost of insurance COI and term-to-100 T100 policies. These studies can help U.S. actuaries set lapse assumptions for other lapse-supported products where no or little ultimate lapse experience exists, such as return of premium ROP term and UL with no lapse guarantees. The financial implications of overestimating ultimate lapse rates for these products can be significant.