This paper considers the risk that actual mortality will be lower than the mortality assumed when pricing life annuities on impaired lives. It develops a method for managing this risk through a Provision for Adverse Deviation PAD.

This report is jointly sponsored by LIMRA International and the Society of Actuaries in collaboration with Ernst & Young. It describes Substandard Annuities and discusses the market opportunity for them, underwriting, the associated risk management issues, and the issues companies need to address when competing in the substandard annuity market. It discusses the single premium immediate annuity, SPIA, in relation to substandard annuities and the differences between the products.

This session from the 2009 9th Annual Product Develpment Actuary Symposium discusses today’s underwriting paradigm and the Individual Payout Annuity Mortality Study.

Slides from a presentation at the Society of Actuaries 2007 Annual Meeting, held in October, 2007 in Washington, D.C. update on industry sales results for various product lines. Discussion of changes in product mix pricing levels and factors affecting product mix and pricing including recent changes in statutory reserve requirements.

This presentation looks at a variety of products that provide an income during retirement and the associated financial risks of each approach. From the SOA 2010 Annual Meeting & Exhibit: Session 135 PD

Slides from a presentation at the Society of Actuaries' U.S. GAAP for International Life Insurers Conference in Amsterdam on November 6–7, 2007 Discussion of the proper accounting for payout annuities and guaranteed investment contracts under US GAAP

Slides from a presentation from Society of Actuaries U.S. GAAP for International Life Insurers Conference in Hong Kong, held August 7-9, 2007 Discussion of US GAAP for payout annuities, including some examples

Basic GAAP Seminar, Chicago, September 2008. This seminar focused on GAAP treatment for payout annuities. Agenda: - Product Classification - Accounting Guidance - Earnings Patterns - Practical Issues

US GAAP for International Life Insurers, Hong Kong, 2008. Session 7. This session focused on GAAP treatment of payout annuities. Areas covered: 1. Product Classification. 2. Accounting Guidance. 3. Earnings Patterns. 4. Practical Issues.

This presentation from the 2009 International Financial Reporting for Insurers, IFRS and U.S. GAAP Seminar covers payout annuities, product classification and accounting guidance according to SFAS 60 or SFAS 97. Included is an example of accounting treatment of a payout annuity.