Research Projects – Life Insurance
Individual life insurance and annuity products contain guarantees that may not have been available in the past. In addition to traditional mortality, expense, and interest guarantees, life products may contain such features as no lapse/secondary guarantees while annuities may have guarantees on living and death benefits. This research, performed by Victoria Pickering and John Glynn, examines individual life and annuity product guarantee features, their associated risks, the methodologies used to analyze, quantify, and manage these risks, and their impact on policyholder behavior. The Product Development Section and Committee on Finance Research are pleased to make available the results of this research project.
Project Oversight Group
Please direct questions or comments on this paper to Ronora Stryker, SOA Research Actuary.