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Assumptions Current Assumptions Expense Assumptions Grading Guaranteed Assumptions Interest Rates Mortality Rates Nonguaranteed Pricing Assumptions Realistic Assumptions Standardized Assumptions Assumptions lie at the heart of actuarial work. 2017 – SOA – The Great Assumptions Debate, American Academy of Actuaries – [link] <Wishlist: archived slides and audio> More importantly for permanent plans, the actuary can utilize a…

NGEs – Non-Guaranteed Elements Assumptions COI – Cost of Insurance Coverage Period Dynamic Interest Rate Unbundled Benefits Coverage Period Historical Performance Performance Policy Performance, Variability, UL Description Non-Guaranteed Elements Work Group – NGEWG – AAA 2022 – SOA – Overview of Nonguaranteed Elements (NGEs), Society of Actuaries – 22p I have a theory that the…

Cost Cost – Index Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer by Anna Rappaport, Society of Actuaries – 2p-Article Isn’t it more realistic to assume a customer wants to know what the cost will be if he carries…

Cost Disclosure The purpose of disclosure is to let the life insurance buyer know what he’s getting. — Russell R. Jensen 1977 – SOA – Cost Disclosure in Individual Life Insurance – Society of Actuaries – 18p Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life…