Description: This study quantifies the range of intercompany variability in mortality. Mean actual-to-expected (A/E) ratios based on amount were calculated in each quintile for every combination of six key variables.

Description: This report documents the construction of the 2023 Group Life Waiver Experience Table, which is based on data from years 2006-2015. The Society of Actuaries Research Institute convened a subgroup of the Group Life Experience Committee to gather and analyze industry data as the basis for an experience table to serve as an update to the 2005 valuation table. U.S. Group Life companies were surveyed for this experience study, which resulted in the largest dataset of waiver experience ever collected.

Description: LIMRA, Reinsurance Group of America (RGA), the Society of Actuaries (SOA) Research Institute, and TAI have collaborated on an ongoing effort to analyze the impact of COVID-19 on the individual life insurance industry’s mortality experience and share the emerging results with the insurance industry and the public. This report documents a high-level analysis of the claims that have been reported.

Description: A recommendation for a set of improvement factors that vary by gender and attained age to be used in conjunction with the 2008 Valuation Basic table or the 2015 Valuation Basic table for AG-38 purposes.

Description: This study was undertaken to ensure the ongoing adequacy of the modified 1985 CIDA table as specified in Valuation Manual Section VM-26 for single premium credit disability insurance. In addition, the shift in the distribution of sales by term between contracts issued in previous study periods to 2017 and 2021 was analyzed.

Description: View the U.S. Individual Life Mortality Quintile Analysis Workbook

Description: View the U.S. Individual Life COVID-19 Mortality Experience Study, through March 31, 2022 Update

Description: Review the U.S. Individual Life COVID-19 Reported Claims Analysis, through September 30, 2022 Update

Description: This study was undertaken to ensure the ongoing adequacy of the modified 1985 CIDA table as specified in Valuation Manual Section VM-26 for single premium credit disability insurance. In addition, the shift in the distribution of sales by term between contracts issued in previous study periods to 2017 and 2021 was analyzed.

Description: Different mortality projection methodologies are utilized by actuaries across applications and practice areas. As a result, the MIM Advisory Group developed a single framework to serve as a consistent base for practitioners in projecting mortality improvement.