Description: This article is part of the Digest of Informal Discussion, which took place at the 1955 Society of Actuaries Eastern Spring Meeting, held March 24-25 in New York City. The article identifies the participants and summarizes each person’s comments. The participants discuss a 1954 Committee Report on annuitant mortality, and ask if the present bases and valuation standards for individual annuities and settlement options are satisfactory, in light of improving annuitant mortality. From Transactions of Society of Actuaries 1955 Volume 7, Number 18.

Description: This paper first discusses the history of the legislation of the joint and survivor benefits for the uniformed service personnel. It then goes on to address the specific actuarial assumptions made and the formulas developed for applying these assumptions for adaptability to the UNIVAC. This paper closes with specific programming procedures involved in using the UNIVAC.

Description: Examines Notice 2016-39 on phased retirement payments from defined benefit plans and its inapplicability to non-qualified annuities under Rev. Proc. 2016-36

Description: This is a discussion of the title paper by Eugene A. Rasor and Robert J. Myers. Included is an alternative proof of the theorem provided in the paper.

Description: Covers the intercompany experience between 1960 and 1965 anniversaries.

Description: Outlines a collective structure that can be used to convert a lump sum payout into a lifetime income stream, with a 2% COLA that is contingent on funded status and with a smoothed pricing for the annuity conversion factor.

Description: Three papers use sophisticated actuarial methods to develop a straightforward retirement income strategy that can be implemented in virtually any IRA or 401(k).

Description: This paper applies the research in Prospect Theory of Kahneman and Tversky to explain why sales of annuities lag sales of life insurance products. The author theorizes that life insurance is easier to sell because customers perceive themselves to be in the domain of losses, while potential annuity customers perceive themselves to be in the domain of gains. Kahneman and Tversky showed us that people are mostly risk averse in the domain of gains and risk seeking in the domain of losses. Purchase of an annuity or life product is a risky investment. Customers will find it easier to take the risk in the life insurance domain of losses than the annuity domain of gains. The author then proposes a hybrid life annuity product that might address both mortality and longevity risk in one product that would allow both products to be more competitive than stand-alone products.

Description: This article describes the attempt to discover a product for the elderly already receiving long term care, which focused on impaired annuities, and finding the appropriate distribution options.

Description: Article from The Actuary October 1992 – Volume 26, No. 08 is a mathematical illustration about amortized life annuities.