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What is Inflation
The Need for an InflationResistant Response
The Theory of the Economic Series
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achieved Actuaries adjusted premium agent All-out Strategy annual premium assumptions average cash surrender cash values common stocks Consumer Price Index contract cost-of-living index Cost-of-Living Policy coupon yield death benefit Economic Period Economic Scenarios Economic Series escalating Exhibit 2-2 face amount financial services financial-services fixed-dollar funds Future Income Protector Georgia Georgia State University high inflation Index Accumulation Method index-linked inflation rate inflation risk Information Age insurance companies insurance industry interest-sensitive products investment strategy investment yield level premium long-term bond coupons microseries Model Index-Based Response Model Yield-Based Response Moderate inflation money supply growth monthly nomic optimistic scenario pension pessimism pessimistic scenario plans policyholder portfolio premium increases protect against inflation Prudent Mixture Strategy rate of return Real GNP growth real interest rate real rate rider separate account shock reserve increase Society of Actuaries Theory three-month bills underlying mood United variable life insurance whole life insurance