Actuarial

  • Actuaries can do lots of things.
    • We can provide the field with a clear description of the policy and how it works.

--  Bruce E. Booker,  (a member of the American Council of Life Insurance (ACLI) Task Force on Cost Disclosure and the National Association of Insurance Commissioners (NAIC) Advisory Group on Illustrations

1993 - SOA - Sales Illustrations - We Can't Life With Them, But We Can't Live Without Them!, Society of Actuaries - 28p

  • Actuarial Society of America
  • If there is a better way, let it be sought and may it be found -- and let it be to the credit of our industry that we are the ones to find it and to provide it for the consumer. 

--  Wilifred A. Kraegel

1979 - SOA - Ordinary -- New Products, Society of Actuaries - 18p

  • 2020 - AP - Exploring Universal Life Insurance - Actuarial - 47p
    • Abstract
      • This project focused on exploring Universal Life insurance by learning about its history, components, and process of reserving.
      • To conduct our research, we read several textbooks, study notes and a Valuation Manual.
      • We then created an Excel deliverable of a theoretical UL policy, created a Lesson plan about UL to teach to actuarial students, and a paper that explains the ins and outs of UL from a consumer standpoint and how the mechanics of a UL policy would work for a potential policyholder.
  • 1991 - SOA - Actuarial Standards, Society of Actuaries - 22p

  • 1992 - SOA - Principles of Actuarial Science - 64p

New Money (Investment Generation Method) vs Portfolio
Present Value of Future Benefits, Commutation Functions, Reserves, Smoothing, Cost of Insurance Rate, Mortality Rate, GRET, CSO, Expenses, Premium, 

  • The Academy views its role in the government relations arena as providing information and actuarial analysis to public policy decision makers so that policy decisions can be made with informed judgment.
  • For example, the determination of required contribution levels to plans to provide benefits and the setting of appropriate reserve levels to meet future obligations are actuarial in nature.

1984 - Journal - American Academy of Actuaries