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Accelerated Death Benefits, Viatical Settlements, And Viatical Loans: Options For The Terminally Iii, Paula Schmidt

Journal of Actuarial Practice (1993–2006)

There are three options available for terminally ill insureds who are interested in accessing all or part of the face value of their life insurance policies: through the life insurance company (accelerated death benefits), through a viatical company (a via tical settlement), or through a via tical loan company (a via tical loan). This paper explores the definitions and tax regulations, calculations, and the claims process associated with accelerated death benefits and via tical settlements and loans.

Actuarial Model Assumptions For Australian Inflation, Equity Returns, And Interest Rates, Michael Sherris

Journal of Actuarial Practice (1993–2006)

Though actuaries have developed several types of stochastic investment models for inflation, stock market returns, and interest rates, there are two commonly used in practice: autoregressive time series models with normally distributed errors, and autoregressive conditional heteroscedasticity (ARCH) models. ARCH models are particularly suited when there is heteroscedasticity in inflation and interest rate series. In such cases nonnormal residuals are found in the empirical data. This paper examines whether Australian univariate inflation and interest rate data are consistent with autoregressive time series and ARCH model assumptions.

Pricing Earthquake Exposure Using Modeling, Debra L. Werland, Joseph W. Pitts

Journal of Actuarial Practice (1993–2006)

This paper demonstrates a practical methodology for determining a statewide rate level indication for the earthquake insurance and for determining more equitable territorial relativities within a state. The methodology is based on the output from a certain commercially available earthquake modeling software package. The methodology addresses some of the complex issues involved in pricing earthquake insurance exposure and potential regulatory acceptance. The paper also features a section dealing with the net cost of reinsurance in the proposed direct rates. A final consideration is the treatment of a model's output when it is believed the modeled results art' less than fully …

Dynamic Immunization And Transaction Costs With Different Term Structure Models, Eliseo Navarro, Juan M. Nave

Journal of Actuarial Practice (1993–2006)

A bond portfolio selection model is developed in a dynamic framework using different term structures, but without transactions costs. We show that the optimal portfolios are consistent with Khang's dynamic immunization theorem, i.e., the optimal path consists of making portfolio duration equal to the investor's horizon planning period. The model is then extended to include transaction costs. The resulting optimal portfolios are no longer consistent with Khang's dynamic immunization theorem. In fact, the strategy for constructing the optimal portfolio consists of initially choosing a portfolio with a duration that is smaller than the horizon planning period.

The Right To Underwrite? An Actuarial Perspective With A Difference, Thomas A. Moultrie, Guy R. Thomas

Journal of Actuarial Practice (1993–2006)

For a long time underwriting has been a part of the actuarial canon. With increasing frequency, however, challenges are being issued against the right of insurance companies to underwrite applications for new bUSiness, arguing that certain aspects of the practice are undesirably discriminatory. We explore the role of the actuary in the underwriting process and the challenges that are being set for the profession (as opposed to the life insurance industry) as a result of this role. As the distinction between the interests of the actuarial profession and the interests of the life insurance companies has become increasingly blurred, we …

Discussion Of T.A. Moultrie And R.G. Thomas's ''The Right To Underwrite? An Actuarial Perspective With A Difference", Charles L. Trowbridge

Journal of Actuarial Practice (1993–2006)

This interesting but controversial paper studies a subject I too have seriously considered. Nearly a decade ago I was commissioned to prepare a monograph that appeared in 1989 under the auspices of the Actuarial Education and Research Fund under the title Fundamental Concepts of Actuarial Science. 1 Chapter VII of this work, "Classification, Selection, and Antiselection," claims that the cluster of ideas surrounding these three words form a fundamental actuarial concept. I have recently reviewed this monograph (hereinafter FCAS) and am struck by the dissimilarities between the two treatments. The authors of "The Right to Underwrite?" (RTU) were unaware of …

Journal Of Actuarial Practice, Volume 5, No. 2, 1997, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

Articles:

With Different Term Structure Models • Eliseo Navarro and Juan M. Nave

A New Approach for Determining Claim Expense Reserves in Workers Compensation • Kay Rahardjo

Pricing Earthquake Exposure Using Modeling • Debra L. Werland and Joseph W. Pitts

Actuarial Model Assumptions for Australian Inflation, Equity Returns, and Interest Rates • Michael Sherris

Comments on Some Parametric Models for Mortality Tables • Kam C. Yuen

Editor - Colin Ramsay, University of Nebraska. Associate Editors: Robert Brown, University of Waterloo ○ Cecil Bykerk, Mutual of Omaha ○ Ruy Cardoso, Actuarial Frameworks ○ Samuel Cox, Georgia State …

Blue Cross Blue Shield Of Florida Health Options Information, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Contains: Marketing Letter to Florida Residents, re: Advanced Renal Options program, Promotional leaflet, re: Advanced Renal Options program

Blue Cross And Blue Shield Of Florida And Health Options, Inc., Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A manual about group health care program coverage and policy information from Blue Cross and Blue Shield of Florida.

Florida Trend Ppo Inquiry-Blue Cross Blue Shield Of Florida, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A inquiry from Florida Trend to Blue Cross Blue Shield of Florida to be considered for the 1997 Topped Ranked PPO's in Florida.

Florida Trend Ppo Inquiry- Health Options Inc., Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A inquiry from Florida Trend to Health Options Inc. to be considered for the 1997 Topped Ranked HMO's in Florida.

Health Options Blue Cross Blue Shield Of Florida: Medicare & More Welcome Pack, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Contains: Booklet: Tri-County Area – Summer/Fall: Your Medicare & More Care Network Directory, Pamphlet: Medicare & More Prescription Drug Benefit Program, Pamphlet: Health Options Blue Cross Blue Shield of Florida: Vision One Exam Plus Program, and Packet: Health Options Blue Cross Blue Shield of Florida: Medicare & More Membership Materials, 1996, which contains: Health Options Blue Cross Blue Shield of Florida: Welcome to Medicare & More Handbook, Refrigerator Magnet: Health Options Blue Cross Blue Shield of Florida: Medicare & More, Flyer: Health Options Blue Cross Blue Shield of Florida: Please make an appointment to visit your Primary Care Physician, Bag: …

Blue Ribbon Benefits Packet, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

“1997 employee benefits package. Includes the following documents: business card of Shirley Troutman, Benefits Administrator; The Dependent At-Home Care Program brochure; Blue Ribbon Benefits guide; Kelly Assisted Living Services, Inc. Registration form; Blue Ribbon Benefits Cobra letter; Dependent Care Receipt form; Worksheet for Estimating Dependent Day Care Expenses Worksheet; Blue Cross and Blue Shield of Florida, Inc. Table: The Family and Medical Leave Act of 1993 (FMLA); Blue Ribbon Benefits Select Fund form; Enrollment Information; November 14, 1997 Memorandum from Carol Corn (Director, Human Resources) to All Employees, regrading: Blue Ribbon Benefits Annual Enrollment Options; Important Notice: Group Term Life …

Blue Cross And Blue Shield Of Florida Deerwood Campus Complex Dedication Ceremony, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Program for the Blue Cross and Blue Shield of Florida Deerwood campus complex dedication ceremony. Circa 1997.

Journal Of Actuarial Practice, Volume 5, No. 1, 1997, Colin Ramsay , Editor

Journal of Actuarial Practice (1993–2006)

ARTICLES

Providing Pensions for U.K. Employees with Varied Working Lives • Deborah R. Cooper

Seeking the Profitability-Risk-Competitiveness Frontier Using a Genetic Algorithm • Ronnie Tan

Fuzzy Underwriting: An Application of Fuzzy Logic to Medical Underwriting • Per-Johan Horgby, * Ralf Lohse, and Nicola-Alexander Sittaro

Accelerated Death Benefits, Viatical Settlements, and Viatical Loans: Options for the Terminally III • Paula Schmidt

The Right to Underwrite? An Actuarial Perspective With a Difference • Thomas A. Moultrie and R. Guy Thomast

Discussion of T.A. Moultrie and R.G. Thomas's ''The Right to Underwrite? An Actuarial Perspective With a Difference" • Charles L. Trowbridge

Editor …

Coalition For Tobacco Responsibility Fact Sheet, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Coalition for Tobacco Responsibility Fact Sheet.

Blue Cross And Blue Shield Of Florida Annual Report: 1997, Blue Cross Of Florida, Inc.

Florida Blue Archives Printed Materials

Annual company report for 1997 detailing Blue Cross of Florida's business operations, financial assets and expenditures, and executive leadership.

Talking Points: Medicare Demonstration, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Talking Points for a Medicare Demonstration.

Blue Cross And Blue Shield Of Florida’S Hmo, Health Options. Inc., Awarded National Medicare Managed Care Demonstration Project, 12/30/1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A news release about Blue Cross and Blue Shield of Florida’s HMO, Health Options. Inc., Awarded National Medicare Managed Care Demonstration Project, from December 30, 1996.

Profile Vol: 45 No: 7 December 27, 1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

December 27, 1996 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida.

Profile Vol: 45 No: 6 December 19, 1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

December 19, 1996 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida.

Profile Vol: 45 No: 5 December 2, 1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

December 2, 1996 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida.

Central Bank Of Nigeria Statistical Bulletin, December 1996, Central Bank Of Nigeria

CBN Statistical Bulletin

Financial data is compiled from documents like balance sheets and financial statements to meet legal and administrative requirements, rather than economic analysis. The Finance and Accounts Department prepares the CBN accounting balance sheet data for the Research Department, while the Financial Statistics Office compiles the analytical CBN balance sheet. Monetary authorities and deposit money banks consolidate accounts to produce monetary survey accounts. Monthly interest rate returns compute weighted average lending and deposit interest rates, and deposit rates are computed for various maturities. Clearing house statistics show the number and value of cheques cleared within the commercial banking system, reflecting the …

Medicare Part B.- Medical Policy Procedures-Benign Or Premalignant Skin Lesion Removal/Destruction, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Medicare Part B.- Medical Policy Procedures-Benign or Premalignant Skin Lesion Removal/Destruction.

Blue Cross And Blue Shield Of Florida’S Hmo, Health Options, Inc., Awarded National Medicare Managed Care Demonstration Project, 11/12/1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A statement released about BCBSF's HMO, Health Options, Inc., Awarded National Medicare Managed Care Demonstration Project from November 12, 1996.

No. 128 1996 November

International Journal for Business Education

SIEC Historical Documents

Blue Cross And Blue Shield Of Florida Announces New Appointments And Organizational Structure. 10/28/1996., Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

A statement release from BCBSF that announces New Appointments and organizational structure, From October 28, 1996.

Profile Vol: 45 No: 4 October 14, 1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

October 14, 1996 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida. Special Issue – United Way.

Profile Vol: 45 No: 3 October 4, 1996, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

October 4, 1996 employee newsletter published by the Public Relations Department to educate, inform and recognize the employees of Blue Cross and Blue Shield of Florida.

Special Issue- Coverage For Benign Or Premalignant Skin Lesion Removal, Blue Cross And Blue Shield Of Florida, Inc.

Florida Blue Archives Printed Materials

Special Issue about Coverage for Benign or Premalignant Skin Lesion Removal.