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.

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: Provides the results of this study on mortality of specified types of payout annuities.

Description: The paper summarizes results from two doctoral dissertations. The first discusses integration of insurance products with investment products to mitigate the risk of outliving one’s assets. The second discusses modeling and pricing for the longevity risk in the secondary market in insurance, including a provision for adverse deviation PAD.

Description: An overview of the immediate payout annuity market.

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 section presents and summarizes several insurance-related legal cases from 1954: 1. ACCIDENT POLICY- ACCIDENTAL MEANS: Hartford Accident and Indemnity Company v. Douglass, 2. SUICIDE EXCLUSIONDATE OF ISSUE AND EFFECTIVE DATE: New York Life Insurance Company v. Noonan, 3. INCOME TAX DEFICIENCYGOVERNMENT'S CLAIM AGAINST BENEFICIARY: United States vs. New. 4. BANKRUPTCYPOLICY LOANS MADE AFTER APPOINTMENT OF TRUSTEE: Lake, Trustee vs. New York Life Insurance Company, 5. ANNUITY CONTRAcTRECOVERY OF CONSIDERATION: Massachusetts Mutual Life Insurance Company vs. Hardwick, 6. DOUBLE INDEMNITYWAIVER OF AGE LIMIT: Peninsular Life Insurance Company vs. Howard, 7. DEATH ON POLICY ANNIVERSARYDEDUCTION OF UNPAID PREMIUM: Callahan vs. John Hancock Mutual Life Insurance Company, 8. GOOD HEALTH PROVISIONSUBSTANDARD RISK: Green vs. Acacia Mutual Life Insurance Company, 9. INSURANCE TRUSTTESTAMENTARY DISPOSITION: Gordon v. Portland Trust Bank, 10. MISREPRESENTATION AS TO INSANITYINCONTESTABLE CLAUSE: Arnold vs. Life Insurance Company of Georgia, 11. ACCIDENT INSURANCEBURNING OF BUILDING: Pacific Mutual Life Insurance Company vs. Walt

Description: China’s pension system has transformed from traditional retirement system based on command economy to modern pension system based on market economy.

Description: Report presenting the 1976-86 mortality experience for contracts issued in the U.S. through 1985 under individual immediate annuities, life income settlements, and matured deferred annuities.