Actuarial – Page 8

Risk Classification 1980 – SOA – Risk Classification, Society of Actuaries – 18p 26. Five sets of congressional hearings have been held on a bill introduced by Senators Hatfield and Packwood and Representative Dingell that would prohibit classification on the basis of race, color, religion, sex, and national origin. Most of the testimony from the…

Linton Yield Albert Linton James Hunt Richard C. MURPHY: One of your charges was to comment on the use of the Linton yields for dissimilar plans and to compare the costs. Has your group made much progress on that issue? William SNELL, Northwestern Mutual: We have looked into that and are not ready to comment…

Benefits – Actuarial 2017 1115 – Letter – AAA to LIBGWG – Re: Life Insurance Buyer’s Guide Q&A Draft 8/1/17, American Academy of Actuaries, Life Insurance Buyer’s Guide Working Group (A) – NAIC – 2p Universal life also allows for flexibility in policy benefits, not just premium payments. Maybe he is not getting all the…

1970 – Joint Special Committee of Life Insurance Costs 1970 – Report of the Joint Special Committee on Life Insurance Costs – (p720-748) – 29p Report to American Life Convention, Institute of Life Insurance, Life Insurance Association of America 1973 — GOV (Senate) – The Life Insurance Industry – 4 parts – Senator Hart – Part…

Realistic Assumptions Summing up, it seems to me that reasonable assumptions for annual premium policies must recognize the long-term commitments in question, and thus should consist of a realistic current mortality table with projection into future years, together with an interest rate not higher than 3% and preferably somewhat lower. — Wilmer A. Jenkins 1961…

CIA-ICA – Canadian Institute of Actuaries cia-ica.ca/home Nobis cura futuri, the motto of the Canadian Institute of Actuaries, may be roughly translated “We care about the future.” 1982 – SOA – Actuarial Aspects of the Changing Canadian Demographic, by Robert L. Brown – 26p 3. Determination of Range of Primary Scenarios An actuary involved in the…

IAA – International Actuarial Association actuaries.org/iaa actuaries.org///IAA/Public_Submissions actuaries.org///publications Astin Bullentin – cambridge.org/core/journals/astin-bulletin-journal-of-the-iaa 2002 02 – IAA (International Actuarial Association) – Report of Solvency Working Party, Prepared for IAA Insurance Regulation Committee – 99p 2004 – ACLI/ IAA – Renewal Premiums and Discretionary Participation Features of a Life Insurance, A Joint Research Project – 52p 2007 – IAA (International…

Actuaries Actuarial – Index Actuaries are thought by many to be the problem solvers of the insurance industry. — Charles Trowbridge, Editor 1987 05 – SOA – The Actuary – 2p Richard S. Schweiker*: I’ve heard actuaries described as the engineers of the life insurance business, and I guess that’s a pretty good description. *President of…

Mortality 1949 – SOA – Report of the Committee on Mortalitv Under Ordinar Insurance and Annuities, Society of Actuaries – 12p 1999 – SOA – Mortality Rates as a Function of Lapse Rates, Society of Actuaries – 16p California Legal Case – No Difference between Term and Perm

Select and Ultimate The select and ultimate term product is an example of a poorly designed product. The low going-in rate with increasing premium in later years, obviously encourages replacement. (Recall that select and ultimate term are mortality and tax driven, not persistency driven.) — Lawrence Silkes, Vice President and Chief Actuary of New Jersey…