Maurice LeVita

  • 1936 - Book - An arithmetic of life insurance - Hathitrust

  • An actuarial approach suited to providing any desired pattern of death benefits is the Flexible Plan, as developed by M. H. LeVita.
  • This plan is described in a paper by him published in the Proceedings of the Conference of Actuaries in Public Practice, Vol XV, p. 58.  (p8)

1972/09 - The Actuary - THE VIABLE VARIABLE Proceedings of the National Conference on Variable Life Insurance. Edited by Douglas G. Olson and Howard E. Winklevoss, Insurance Department, University of Pennsylvania - by Anna M. Rappaport , Society of Actuaries

  • I get sound and practical ideas for new life products from discussions with intelligent laymen; they tell me what they seek and intelligently assess suggested solutions.
    • I also have some ideas on a Flexible Plan which I will present tomorrow.

--  Maurice H. LeVita

1976 - SOA - Individual Life Products, Society of Actuaries - 24p

  • Ardian Gill:  I have a suggestion for Mr. Richards on his product and the scorekeeping of it. This comes from a paper by Mr. Maurice Levita, which is in the proceedings of the Conference of Actuaries.  --  [Bonk: Alan Richards, EF Hutton]
  • Maurice suggested some years ago that this type of product could be very simply administered by treating each premium as buying extended term insurance.
  • And each succeeding premium, if there is one, extends the term or if the face amount is increased, it might reduce the term or otherwise adjust it.

1980 - SOA - Product Innovation - Response to Consumer Needs in the 1980's, The Society of Actuaries - 14p

<WishList: a paper by Mr. Maurice Levita, which is in the proceedings of the Conference of Actuaries>

1897 Maurice H. LeVita 1986
Maurice H. LeVita, an Associate of the Society, died January 30, 1986, in Philadelphia. He was eighty-nine years old.
Born in London, England, he was a graduate of the University of Pennsylvania. Well known in the life insurance field, he was the Chief Life Actuary for the Pennsylvania Insurance Department and from 1951 to 1959 was the Actuary of the Insurance Department for the state of Maryland.
Since 1959 he had resided in Washington, D.C., where he established a consulting actuarial practice.
He was a founding member and Fellow of the Conference of Actuaries in Public Practice, an Associate of the Society of Actuaries, past-president of the Middle Atlantic Actuarial Club, and active in the Life Office Management Association and other national and international actuarial associations.
Mr. LeVita contributed many original ideas to the life insurance business through the papers he published in the Conference Proceedings including his concept of a flexible plan of insurance which is now widely marketed as universal life insurance. He also pioneered in the development of the variable annuity and other modern insurance products.
He taught mathematics at Temple University in his early years and maintained an active interest in logic, philosophy, and literature throughout his life. He was the author of the text, An Arithmetic of Life Insurance, and in the last few years of his life was compiling a textbook on logic.

1986 - Obituary - SOA