N-A-C Tools

Friday, May 16, 2008, 1:41 am
Nebraska Actuaries ClubClick on this message to see photos from the 2007 R&R!

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Here are some tools that you will hopefully find useful. If you have any suggestions, please send them to the Webmaster using the below submission link.

Actuarial Position Interview Tips

Actuarial Salaries Relocation & COLA Adjs.

Actuarial Salaries via D. W. Simpson (Avg U.S. & Varies by Duties)

Actuarial Salaries via Monster.COM (Actuarial is under Accounting)

Alarm (in case you study/sleep at your desk)

American Academy of Actuaries Resources

Calculator - Financial

Calculator - Life Expectancy (until the webmaster finds a better one)

Calculator - Metric Conversion

Calculator - Scientific

Dictionary/Thesaurus

Encyclopedia {Encyclopedia.COM}

Encyclopedia {Wikipedia.COM}

General Information

Grammar

Internet Search Engines

Life Ins. Co. Deductions: IRS Code (Title 26, Sect. 807)

Life Ins. Co. Taxes: IRS Code (Title 26, Sect. 801)

Mortality & Morbidity Tables

Send Large Files Via the Internet for Free

SOA Search Engines

Useful Actuarial Resources - Oliver Wyman

Val'n Int. Rates - Hause Actuarial

Val'n Int. Rates - IRS (search site for: "AFR yyyy" --yyyy is the yr)

NOTE: the IRS publishes the new tax rate in early December and it will be preceded by the text:

"Applicable rate of interest for YYYY for purposes of sections 846 and 807"

Also, Tax reserves must be valued by the larger of the applicable statutory or federal rate.

This began to become an issue in 2004 for life contracts with guarantees of less than 10 years, then in 2005 & 2006 for all life contracts. Annuity contracts are similarly impacted. However, regardless of the rate used to drive valuations, the final FIT reserve must be bracketed between the lesser or equal cash value and larger or equal statutory reserve. Consequently, any inappropriate rate applied will be mitigated if proper bracketing is applied.

Virtual Library (Bartleby's)