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

Description: The Effects of Triple-X on Product Design by Mary Bahna-Nolan from Product Development News, August 2000, Issue No. 50.

Description: Credit Card Approach to Pricing by Ralph H. Gorter from Product Development News, August 2000, Issue No. 50. Examines the pricing of annuities including any bonus features.

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.

Description: Product Development Section’s election results, and bio's of new members.

Description: Chairperson’s column discussing the current challenges of life insurance product development in the present times.

Description: International case study discussing life insurance in Ghana.

Description: The first part of this article illustrates why long duration recurring premium products are particularly risky using the concept of fragility. The second part explores some ideas for antifragile products, which would enable the industry to benefit from the new banking requirements.

Description: Then and Now

Description: This article gives examples of how an actuary can live by the actuarial motto of substituting facts for appearances. The specific examples given are setting the mortality for table shaved individual life business and setting late duration lapse assumptions for level term business.