Nonlevel Premium and Benefit Policies

  • The valuation actuary concept is a form of dynamic valuation.
  • It's becoming increasingly clear that the traditional formula-driven valuation standards cannot deal with the many variations and products, and the pace and development of new products.
  • This has become more obvious to me over the last year as I've chaired a joint industry task force addressing reserves for nonlevel premium and benefit policies, sometimes referred to as Guideline XXX.

--  Reed P. Miller, Vice President and Corporate Actuary at Lincoln National Corporation

1990 - SOA - Emerging Issues, Society of Actuaries - 38p

  • This is a comment on the widely distributed Report of the Task Force on (application of the Standard Valuation and Nonforfeiture Laws to) Nonlevel Premium and Benefit Policies, made to the ACLI Actuarial Committee last April.
  • The frontiers of actuarial theory interest me, so I found that document stimulating.

1980 09 - SOA - TEKEL (Dan. 5:27) - by David H. Raymond, the Actuary, Society of Actuaries - 8p

⇒  [Bonk: TEKEL = .biblegateway.com/verse/en/Daniel%205:27 - NIV - New International Version - Tekel: You have been weighed on the scales and found wanting.