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78 pages. Excerpt: This practice note was prepared by a work group organized by the Life Valuation Subcommittee of the American Academy of Actuaries. The work group was charged with updating the initial practice notes written in 1995 regarding asset adequacy analysis practices used by appointed actuaries in the United States. The practice note represents a description of practices believed by the work group to be commonly employed by actuaries in the United States in 2004.
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