Lapse-Supported [Glenn Daily is particularly irate about what the industry calls “lapse supported pricing,” which is used in illustrations to show higher cash values in later years. Actuaries who use this technique know that only half the people who buy policies will still have them after seven years. After 20 years, only about 25 percent…

Read More

1960s – SOA – Society of Actuaries 1960 – SOA – Premiums and Dividends for Individual Ordinary Insurance, Society of Actuaries – 30p 1960 – SOA – The Life Insurance Company Income Tax Act of 1959, Society of Actuaries –  24p 1961 – SOA – Marketing Trends, Society of Actuaries – 10p 1961 – SOA – Ordinary Insurance…

Read More

Programming For descriptions of conventional life insurance programing, see Dan M. McGill, Life Insurance (Homewood, Ill.: Richard D. Irwin, Inc., 1959), pp. 649-60; and Robert l. Mehr and Robert W. Osler, Modern Life Insurance (3d ed.; New York: The Macmillan co., 1961 pp. 337-90. 1964 – AP – Dynamic Life Insurance Programing, by Joseph M. Belth, The Journal…

Read More

2010s – SOA – Society of Actuaries 2013 – SOA – A Qualitative History of Previous Challenging Environments for the Life Insurance Industry, By Evan Borisenko, Society of Actuaries – 4p 2013 – SOA – Life Insurance Regulatory Structures and Strategy: EU Compared with US – 92p 2014 – SOA – Modeling of Policyholder Behavior for Life…

Read More

2000s – SOA – Society of Actuaries soa.org/globalassets/assets/library/newsletters/taxing-times/2009/may/tax-2009-vol5-iss2-kelly.pdf Dinallo, CDS, New York 2003 – SOA – Do You Know How Much You’re Spending? The Hidden Costs of Product Complexity, Society of Actuaries – 19p “UL is a horror.” 2003 – SOA – Are We In A Different Market Paradigm?, Society of Actuaries – 7p 2005…

Read More

Society of Actuaries – 1970s 1972 – SOA – Life Insurance and the Buyer, by Anna Rappaport, Society of Actuaries – 2p-Article 1973 – SOA – Choice and Justification of an Interest Rate, by Irwin T. Vanderhoof, Society of Actuaries – 42p 1973 – SOA – Digest of Discussion at Concurrent Sessions – 1973 SOA Annual…

Read More

1980s – SOA – Society of Actuaries Target Premium, Guideline Level Premium, Guideline Level Premium TEFRA, DEFRA, TAMRA ACLI – Tony Spano, WilliamTozer, Gary Hughes Actuaries – Chalke, Desrochers, Walter Miller GOV – Pete Stark Robert Beck (Prudential) Ardian Gill:  I have a suggestion for Mr. Richards on his product and the scorekeeping of it.…

Read More

1990s – SOA – Society of Actuaries Illustrations, Assumptions, Non-guaranteed Elements Actuaries – Judy Faucett, Daphne Bartlett, Donna Claire, GOV – Metzenbaum 1990 – SOA – An Opportunity to Return to the Basics. — Will We Take It?, Society of Actuaries – 14p 1990 – SOA – Life Product Development Update (rsa90v16n36), Society of Actuaries -…

Read More

Tabular Cost of Insurance Tabular Cost of Insurance means the net single premium at the beginning of a policy year for one-year term insurance in the amount of the guaranteed death benefit in that policy year. ftp://www.ilga.gov/jcar/admincode/050/050014090000300R.html

Read More