C.L. TROWBRIDGE:

• My interest in this challenging subject goes back to my membership on the 1970 Joint Special Committee chaired by Jack Moorhead.
• This Committee proposed what was then known as the interest-adjusted method, which later became the basis of the NAIC approach now in effect in some 2/3 of the states.

1981 - INDIVIDUAL LIFE INSURANCE COST DISCLOSURE ISSUES, Society of Actuaries