Description: This paper estimates the acquisition and maintenance costs associated with life policies as a function of the amount of insurance and number of policies of an insurer by estimating a cost function for our sample of insurers.

Description: The author uses a reprint of an article from the very first edition of the “News from the Individual Life Insurance and Annuity Product Development Section” and assistance from the Taxation Section Council and Friends of that Council to decipher the changes between the life insurance tax environment back in the 1980s compared to today.

Description: This article compares computing a single premium for a decreasing term policy using continuous functions versus curtate functions.

Description: This session at the SOA 1990 Annual Meeting discusses the evolution of techniques in product development for life insurance with a focus on macropricing. From Record of Society of Actuaries Vol. 16, No. 4B.

Description: This article discusses the need for more coordination and consistency in assumption setting between the pricing actuary, illustration actuary, appointed actuary, and financial reporting actuary.

Description: Discusses the reasons for, and the economic impacts of, the backdating of life insurance policies, and what changes in the industry might evolve to address them.

Description: The article highlights key considerations as companies begin to reserve for their IUL products under PBR.

Description: Describes a process for identifying relevant industry experience to credibility-weight with relevant company experience to set modeling assumptions and margins.

Description: These were discussion papers on the paper, 'The Korean War Hazard' by James T. Phillips.

Description: This session from the 1995 Spring Meeting covers the design and development issues of 'Last to Die' policies, the applicability of reinsurance, capacity problems, and theoretical versus practical pricing considerations. From the Record of the Society of Actuaries, Vol. 21, No. 1.